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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 117 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Cash flows from operating activities:      
Net income (loss) $ 1,474 $ 10,707  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, and accretion 4,262 3,598  
Stock-based compensation 472 208  
Settlement of asset retirement obligations   (7)  
Deferred income taxes (75) (36)  
Unrealized (gain) loss on derivative contracts   (1,119)  
Accrued settlements on derivative contracts   (220)  
Other   (8)  
Changes in operating assets and liabilities:      
Receivables from crude oil, natural gas, and natural gas liquids revenues (2,686) 6,804  
Prepaid expenses and other current assets 169 33  
Accounts payable and accrued liabilities 320 (5,173)  
State and federal income taxes payable 388 2,578  
Net cash provided by operating activities 4,324 17,365  
Cash flows from investing activities:      
Acquisition of oil and natural gas properties   (31)  
Capital expenditures for oil and natural gas properties (1,827) (1,848)  
Net cash used in investing activities (1,827) (1,879)  
Cash flows from financing activities:      
Common stock dividends paid (4,013) (4,026) $ (106,400)
Common stock repurchases, including stock surrendered for tax withholding (105) (26)  
Repayments of senior secured credit facility   (9,000)  
Net cash (used in) provided by financing activities (4,118) (13,052)  
Net increase (decrease) in cash and cash equivalents (1,621) 2,434  
Cash and cash equivalents, beginning of period 11,034 8,280  
Cash and cash equivalents, end of period 9,413 10,714 $ 9,413
Non-cash investing and financing transactions:      
Increase (decrease) in accrued capital expenditures for oil and natural gas properties $ (83) $ (872)