There will need to be an public update on production /...

There will need to be an public update on production / performance before the bondholders can make an informed decision on renewing. They should not be privy to information which is not public. There is no public information on record since the last quarterly to suggest progress has been made on the parlous production performance. If there is no significant improvement in production this quarter the bondholder could bail out or want their pound of flesh as Peppie has suggested.
Investors need clear information - wishful thinking and faith won't minimise risk.