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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 6,937 $ 6,446
Receivables from crude oil, natural gas, and natural gas liquids revenues 10,797 10,826
Derivative contract assets 1,253 596
Prepaid expenses and other current assets 1,998 3,855
Total current assets 20,985 21,723
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 135,477 139,685
Derivative contract assets 202 171
Other assets 1,278 1,298
Total assets 157,942 162,877
Current liabilities    
Accounts payable 7,538 8,308
Accrued liabilities and other 4,728 6,239
Derivative contract liabilities 173 1,192
State and federal taxes payable   74
Total current liabilities 12,439 15,813
Long term liabilities    
Senior secured credit facility 39,500 39,500
Deferred income taxes 6,421 6,702
Asset retirement obligations 19,610 19,209
Derivative contract liabilities 307 468
Operating lease liability 35 58
Total liabilities 78,312 81,750
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,606,532 and 33,339,535 shares as of September 30, 2024 and June 30, 2024, respectively 34 33
Additional paid-in capital 41,561 41,091
Retained earnings 38,035 40,003
Total stockholders' equity 79,630 81,127
Total liabilities and stockholders' equity $ 157,942 $ 162,877