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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 3,067 $ 11,034
Receivables from crude oil, natural gas, and natural gas liquids revenues 13,368 7,884
Derivative contract assets 347  
Prepaid expenses and other current assets 6,275 2,277
Total current assets 23,057 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 142,157 105,781
Other assets 1,318 1,341
Total assets 166,532 128,317
Current liabilities    
Accounts payable 8,096 5,891
Accrued liabilities and other 5,985 6,027
Derivative contract liabilities 1,410  
State and federal taxes payable   365
Total current liabilities 15,491 12,283
Long term liabilities    
Senior secured credit facility 42,500  
Deferred income taxes 6,927 6,803
Asset retirement obligations 18,079 17,012
Operating lease liability 79 125
Total liabilities 83,076 36,223
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,359,854 and 33,247,523 shares as of March 31, 2024 and June 30, 2023, respectively 33 33
Additional paid-in capital 40,652 40,098
Retained earnings 42,771 51,963
Total stockholders' equity 83,456 92,094
Total liabilities and stockholders' equity $ 166,532 $ 128,317