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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current assets    
Cash and cash equivalents $ 11,034 $ 8,280
Receivables from crude oil, natural gas, and natural gas liquids revenues 7,884 24,043
Derivative contract assets   170
Prepaid expenses and other current assets 2,277 3,875
Total current assets 21,195 36,368
Property and equipment, net of depletion, depreciation, accretion, and impairment    
Oil and natural gas properties, net-full-cost method of accounting, of which none were excluded from amortization 105,781 110,508
Other assets 1,341 1,171
Total assets 128,317 148,047
Current liabilities    
Accounts payable 5,891 15,133
Accrued liabilities and other 6,027 11,893
Derivative contract liabilities   2,164
State and federal taxes payable 365 1,095
Total current liabilities 12,283 30,285
Long term liabilities    
Senior secured credit facility   21,250
Deferred income taxes 6,803 7,099
Asset retirement obligations 17,012 13,899
Operating lease liability 125  
Total liabilities 36,223 72,533
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,247,523 and 33,470,710 shares as of June 30, 2023 and 2022, respectively 33 33
Additional paid-in capital 40,098 42,629
Retained earnings 51,963 32,852
Total stockholders' equity 92,094 75,514
Total liabilities and stockholders' equity $ 128,317 $ 148,047