XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 9,413 $ 11,034
Receivables from crude oil, natural gas, and natural gas liquids revenues 10,555 7,884
Prepaid expenses and other current assets 2,122 2,277
Total current assets 22,090 21,195
Property and equipment, net of depletion, depreciation, and impairment    
Oil and natural gas properties, subject to amortization, net 103,384 105,781
Property costs not subject to amortization 398  
Total property and equipment, net 103,782 105,781
Other assets 1,328 1,341
Total assets 127,200 128,317
Current liabilities    
Accounts payable 7,117 5,891
Accrued liabilities and other 5,204 6,027
State and federal taxes payable 753 365
Total current liabilities 13,074 12,283
Long term liabilities    
Deferred income taxes 6,728 6,803
Asset retirement obligations 17,364 17,012
Operating lease liability 112 125
Total liabilities 37,278 36,223
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,440,195 and 33,247,523 shares as of September 30, 2023 and June 30, 2023, respectively 33 33
Additional paid-in capital 40,465 40,098
Retained earnings 49,424 51,963
Total stockholders' equity 89,922 92,094
Total liabilities and stockholders' equity $ 127,200 $ 128,317