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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 11,667 $ 6,446
Receivables from crude oil, natural gas, and natural gas liquids revenues 10,675 10,826
Derivative contract assets 1,073 596
Prepaid expenses and other current assets 3,572 3,855
Total current assets 26,987 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 131,722 139,685
Derivative contract assets 250 171
Other assets 1,258 1,298
Total assets 160,217 162,877
Current liabilities    
Accounts payable 10,771 8,308
Accrued liabilities and other 5,249 6,239
Derivative contract liabilities 439 1,192
State and federal taxes payable   74
Total current liabilities 16,459 15,813
Long term liabilities    
Senior secured credit facility 39,500 39,500
Deferred income taxes 6,673 6,702
Asset retirement obligations 19,993 19,209
Derivative contract liabilities 1,277 468
Operating lease liability 13 58
Total liabilities 83,915 81,750
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 34,076,846 and 33,339,535 shares as of December 31, 2024 and June 30, 2024, respectively 34 33
Additional paid-in capital 44,140 41,091
Retained earnings 32,128 40,003
Total stockholders' equity 76,302 81,127
Total liabilities and stockholders' equity $ 160,217 $ 162,877