XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Current Assets:    
Cash and cash equivalents $ 16,800 $ 17,067
Accounts receivable 32,821 17,473
Accounts receivable - related parties 0 456
Prepaid expenses and other current assets 3,029 1,730
Current derivative assets 1,134 0
Total current assets 53,784 36,726
Oil and natural gas properties, net (successful efforts) 402,526 345,797
Other property and equipment, net 4,407 3,183
Non-current derivative assets 300 106
Other non-current assets, net 4,814 2,419
Total Assets 465,831 388,231
Current Liabilities:    
Accounts payable 20,244 12,234
Accounts payable - related parties 457 800
Accrued liabilities 18,616 18,555
Revenue payable 17,164 9,008
Current derivative liabilities 50,298 42,144
Other current liabilities 2,584 874
Total Current Liabilities 109,363 83,615
Non-current derivative liabilities 9,122 8,932
Asset retirement obligations 2,211 2,306
Revolving credit facility 61,000 60,000
Deferred tax liabilities 24,702 11,628
Other non-current liabilities 1,223 60
Total Liabilities 207,621 166,541
Commitments and Contingencies (Note 14)
Shareholders' Equity:    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.001 par value, 240,000,000 shares authorized; 19,865,116 and 19,672,050 shares issued and outstanding at June 30, 2022 and September 30, 2021, respectively 20 20
Additional paid-in capital 273,035 270,837
Accumulated deficit (14,845) (49,167)
Total Shareholders' Equity 258,210 221,690
Total Liabilities and Shareholders' Equity $ 465,831 $ 388,231