Potential cash shortfall
...is one of two things that worried me most in the press release: "To adress this potential cash shortfall, we are considering a number of relatively small financing alternatives most likely involving debt capital markets".
The other issue is that development of Breagh 2 is slipping into the future, with first production now expected during the third quarter of 2017.
On the other hand, they are currently drilling a well in Romania, the Muridava (40% interest), and it is possible that Shell will drill the Beverley oil prospect in the North Sea in late 2014.
Not much visibility in terms of production growth from here. Maybe Muridava will yield some interesting results, but it is in the Black Sea (not so far from Crimea...).