Too Good To Be True!!

I have suspicions all is not as it appears.... they have the convertible debt securities maturing in October, if they weren't rolled over they have implied they are toast. refer half year report 11/9/2015 'going concern' but they also state they have an undrawn facility of US$200 mill with Macquarie Bank, so why can't they use that facility to repay any redemptions? Knowing they may have to repay note holders back, surely they would have negotiated with purchaser of the two fields to settle prior to notes becoming due for repayment!
It makes no sense the share price is higher than Buru or Senex and also price achieved for the acreage seems elevated when market is in a melt down... why would a private equity firm pay so much for the fields when there is virtually no production. Sale of oil and gas for 6 months approximately $500,000 and dividend income of $1,845,000

I might be proved wrong but this is starting to not look great... if too good to be true, generally is.