oil from galoc to be exported to japan , page-6

From http://stocknessmonster.com/news-item?S=OEL&E=ASX&N=441539

Galoc Project Non Recourse Debt Facility 

As  at  28  February  2009  the  net  to  Otto  Galoc Project  non  recourse  debt facility totalled approximately  US$8.8 million,  following a principal  re‐payment  net  to  Otto  of  approximately US$1.6 million at the end of February.  A second principal re‐payment net to Otto of approximately 
US$1.6 million is scheduled to be paid at the end of March 2009, with the remainder of the facility 
being repaid from ongoing cashflow from the Galoc Field. 

From http://stocknessmonster.com/news-item?S=OEL&E=ASX&N=427218
Quarterly cash outflow was around 7.2Million.

So where is the $35M going? 5 times a quarterly amount. Yet enough to sink the value of the share price.

Even today an announcement to sweeten the deal with a 5c offering has made the sp drop over 18%. I feel like coughing or laughing or both. Outstandingly bad PR and lack of budget to show there 5 quarters worth of money is going.