Will we need more cash second half of this year to continue...

Will we need more cash second half of this year to continue drilling program ??

Current cash position $ 4.9 million
Costs this quarter $ 3.5 million
Balance $ 1.4 million

Opt Conversion (march) $ 1.1 Million (16.5 mill X .07c)

Cash Position end of Mar $ 2.5 Million

That is only enough for two more wells and I dont think that initial production cash flow will be substantial enough to support any more wells in the short term ??

If we need more capital raising based on my assessment above, will this impact the share price for this current year ?