XML 19 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended 12 Months Ended
Feb. 13, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Revenue              
Total revenue $ 0 $ 0 $ 0 $ 0 $ 0    
Operating Expenses              
Operations and maintenance expenses 7,320,000 26,294,000 14,113,000 33,612,000 28,909,000    
Depletion, depreciation, amortization and accretion 2,627,000 2,724,000 5,254,000 4,101,000 10,509,000    
General and administrative expenses 1,714,000 33,217,000 2,948,000 183,665,000 6,085,000    
Total operating expenses 11,661,000 62,235,000 22,315,000 221,378,000 45,503,000    
Loss from operations (11,661,000) (62,235,000) (22,315,000) (221,378,000) (45,503,000)    
Other (income) expenses:              
Change in fair value of warrant liabilities 0 81,178,000 0 79,415,000 0    
Other (income) expense 128,000 (2,301,000) (7,000) (2,800,000) (2,000)    
Interest expense 0 19,175,000 0 28,976,000 0    
Total other (income) expense, net 128,000 98,052,000 (7,000) 105,591,000 (2,000)    
Loss before income taxes (11,789,000) (160,287,000) (22,308,000) (326,969,000) (45,501,000)    
Income tax expense 0 5,149,000 0 18,572,000 0    
Net loss $ (11,789,000) $ (165,436,000) $ (22,308,000) $ (345,541,000) $ (45,501,000)    
Basic and diluted net loss per Common Stock              
Weighted average Common Stock outstanding, basic (in shares)   60,166,269   60,166,269      
Weighted average Common Stock outstanding, diluted (in shares)   60,166,269   60,166,269      
Basic net loss per Common Stock (in dollars per share)   $ (2.75)   $ (5.74)      
Diluted net loss per Common Stock (in dollars per share)   $ (2.75)   $ (5.74)      
Flame Acquisition Corp [Member]              
Operating Expenses              
Operating costs           $ 4,918,801 $ 6,150,199
Loss from operations           (4,918,801) (6,150,199)
Other (income) expenses:              
Interest income from Trust Account           4,415,456 3,989,061
Change in fair value of convertible promissory notes – related parties           (3,698,394) (170,741)
Change in fair value of warrant liabilities           27,064,500 498,000
Total other (income) expense, net           (26,347,438) 4,316,320
Loss before income taxes           (31,266,239) (1,833,879)
Income tax expense           (914,318) (757,069)
Net loss           $ (32,180,557) $ (2,590,948)
Redeemable Class A Common Stock [Member] | Flame Acquisition Corp [Member]              
Basic and diluted net loss per Common Stock              
Weighted average Common Stock outstanding, basic (in shares)           10,870,337 28,750,000
Weighted average Common Stock outstanding, diluted (in shares)           10,870,337 28,750,000
Basic net loss per Common Stock (in dollars per share)           $ (1.78) $ (0.07)
Diluted net loss per Common Stock (in dollars per share)           $ (1.78) $ (0.07)
Non Redeemable Class A And Class B Common Stock [Member] | Flame Acquisition Corp [Member]              
Basic and diluted net loss per Common Stock              
Weighted average Common Stock outstanding, basic (in shares)           7,187,500 7,187,500
Weighted average Common Stock outstanding, diluted (in shares)           7,187,500 7,187,500
Basic net loss per Common Stock (in dollars per share)           $ (1.78) $ (0.07)
Diluted net loss per Common Stock (in dollars per share)           $ (1.78) $ (0.07)