Hi all. I am currently researching a dozen or so stocks, CTP...

Hi all.
I am currently researching a dozen or so stocks, CTP being one of them.
I looked at the financials,and note they have $5.4M in the bank, but i also not they have DEBT of $82M.
I also note they have recently raised $27M however, $25M are to be used in drilling?
"Proceeds from the equity raising will be used to fund a A$25 million drilling programme comprising a total of four horizontal wells, with no intention of fraccing, with the objective of substantially increasing Central’s gas reserves in time to have delivery coincide with the Northern Gas Pipeline becoming operational in the 2nd half of calendar year 2018."

My question is, is the $82M debt financed at normal interest rates and what are the implications of this debt facility with regards to drilling etc.?
To me this is a very high level of debt for a company such as CTP with negative cashflow at the moment.
(-$720K last quarter)
Looking for some answers to my questions.
Thanks,