financial liability to denbury

I was looking at the Elk 2013 Annual Report and noticed that the weighted average interest rate on the borrowings from Denbury was 11%.

So that means a substantial amount of money is added for the extra delay into 2016.

At the current amount of about $9 million as of 31 December 2013 that means an accrual of $1 million a year for that plus any additional interest on expenditures over the next two years.

Will elk max out its facility with Denbury before the start of oil production and will it additional funding sources for Grieve as well?