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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 8,460 $ 11,034
Receivables from crude oil, natural gas, and natural gas liquids revenues 10,119 7,884
Prepaid expenses and other current assets 2,569 2,277
Total current assets 21,148 21,195
Property and equipment, net of depletion, depreciation, and impairment    
Oil and natural gas properties, subject to amortization, net 100,111 105,781
Property costs not subject to amortization 3,370  
Total property and equipment, net 103,481 105,781
Other assets 1,337 1,341
Total assets 125,966 128,317
Current liabilities    
Accounts payable 8,233 5,891
Accrued liabilities and other 6,294 6,027
State and federal taxes payable   365
Total current liabilities 14,527 12,283
Long term liabilities    
Deferred income taxes 6,161 6,803
Asset retirement obligations 17,738 17,012
Operating lease liability 101 125
Total liabilities 38,527 36,223
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,506,794 and 33,247,523 shares as of December 31, 2023 and June 30, 2023, respectively 34 33
Additional paid-in capital 40,920 40,098
Retained earnings 46,485 51,963
Total stockholders' equity 87,439 92,094
Total liabilities and stockholders' equity $ 125,966 $ 128,317