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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 6,446 $ 11,034
Receivables from crude oil, natural gas, and natural gas liquids revenues 10,826 7,884
Derivative contract assets 596  
Prepaid expenses and other current assets 3,855 2,277
Total current assets 21,723 21,195
Property and equipment, net of depletion, depreciation, and impairment    
Oil and natural gas properties, net-full-cost method of accounting, of which none were excluded from amortization 139,685 105,781
Derivative contract assets 171  
Other assets 1,298 1,341
Total assets 162,877 128,317
Current liabilities    
Accounts payable 8,308 5,891
Accrued liabilities and other 6,239 6,027
Derivative contract liabilities 1,192  
State and federal taxes payable 74 365
Total current liabilities 15,813 12,283
Long term liabilities    
Senior secured credit facility 39,500  
Deferred income taxes 6,702 6,803
Asset retirement obligations 19,209 17,012
Derivative contract liabilities 468  
Operating lease liability 58 125
Total liabilities 81,750 36,223
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,339,535 and 33,247,523 shares as of June 30, 2024 and 2023, respectively 33 33
Additional paid-in capital 41,091 40,098
Retained earnings 40,003 51,963
Total stockholders' equity 81,127 92,094
Total liabilities and stockholders' equity $ 162,877 $ 128,317