XML 84 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 5,601 $ 6,446
Receivables from crude oil, natural gas, and natural gas liquids revenues 10,707 10,826
Derivative contract assets 828 596
Prepaid expenses and other current assets 2,658 3,855
Total current assets 19,794 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 133,514 139,685
Derivative contract assets 48 171
Other assets 3,038 1,298
Total assets 156,394 162,877
Current liabilities    
Accounts payable 11,977 8,308
Accrued liabilities and other 7,092 6,239
Derivative contract liabilities 3,453 1,192
State and federal taxes payable   74
Total current liabilities 22,522 15,813
Long term liabilities    
Senior secured credit facility 35,500 39,500
Deferred income taxes 4,572 6,702
Asset retirement obligations 20,398 19,209
Derivative contract liabilities 1,742 468
Operating lease liability   58
Total liabilities 84,734 81,750
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 34,284,369 and 33,339,535 shares as of March 31, 2025 and June 30, 2024, respectively 34 33
Additional paid-in capital 45,786 41,091
Retained earnings 25,840 40,003
Total stockholders' equity 71,660 81,127
Total liabilities and stockholders' equity $ 156,394 $ 162,877