No, not plan to pay asap, but the max loan drops 40M every 6Mths...

No, not plan to pay asap, but the max loan drops 40M every 6Mths from Sep 23 till terminates on Mar 25, so it'll either be paid off or rolled in to a (hopefully) better loan that doesn't require such large % of hedging. Having to hedge 40% for year 1 is sizeable cost when oil futures are in steep backwardation and lost opportunity cost if spot price keeps rising vs the hedge.

Even with $200M in bank end of 2021, we still have US$50m for Bauna firm cost this March, and potential contigent payments of US$285m till 2026. Bauna Intervention is ~US$120M & Patola ~ US$170M. If they want to bring on Neon/Goia in FY26 I'm taking a guestimate ~ US$650m (?), plus who knows how much for the Clorita exploration or what another purchase could cost. That's at least net $1.07B of cost next 4-ish years. Possible if oil price stays here or higher they'll be in position for a dividend at end of FY23, but would imagine it'll be on small side.
Beach Petroleum has been producing for how long now and they're dividend is still <2% while they continue to fund new fields etc.