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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 129 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Cash flows from operating activities:      
Net income (loss) $ 2,065 $ 1,474  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, and accretion 5,725 4,262  
Stock-based compensation 559 472  
Settlement of asset retirement obligations (98)    
Deferred income taxes (281) (75)  
Unrealized (gain) loss on derivative contracts (1,868)    
Accrued settlements on derivative contracts (66)    
Other (2)    
Changes in operating assets and liabilities:      
Receivables from crude oil, natural gas, and natural gas liquids revenues (37) (2,686)  
Prepaid expenses and other current assets 1,929 169  
Accounts payable and accrued liabilities (238) 320  
State and federal income taxes payable (74) 388  
Net cash provided by operating activities 7,614 4,324  
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (262)    
Capital expenditures for oil and natural gas properties (2,740) (1,827)  
Net cash used in investing activities (3,002) (1,827)  
Cash flows from financing activities:      
Common stock dividends paid (4,033) (4,013) $ (122,500)
Common stock repurchases, including stock surrendered for tax withholding (88) (105)  
Net cash (used in) provided by financing activities (4,121) (4,118)  
Net increase (decrease) in cash and cash equivalents 491 (1,621)  
Cash and cash equivalents, beginning of period 6,446 11,034  
Cash and cash equivalents, end of period 6,937 9,413 $ 6,937
Non-cash investing and financing transactions:      
Increase (decrease) in accrued capital expenditures for oil and natural gas properties $ 2,014 $ (83)