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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 142 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Cash flows from operating activities:      
Net income (loss) $ 824 $ 2,065  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, and accretion 5,961 5,725  
Stock-based compensation 537 559  
Settlement of asset retirement obligations (19) (98)  
Deferred income taxes (386) (281)  
Unrealized (gain) loss on derivative contracts (1,303) (1,868)  
Accrued settlements on derivative contracts (385) (66)  
Amortization of debt issuance costs 39    
Other (3) (2)  
Changes in operating assets and liabilities:      
Receivables from crude oil, natural gas, and natural gas liquids revenues 2,555 (37)  
Prepaid expenses and other current assets 1,202 1,929  
Accounts payable, accrued liabilities and other (1,272) (238)  
State and federal taxes payable 55 (74)  
Net cash provided by operating activities 7,805 7,614  
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (16,867) (262)  
Capital expenditures for oil and natural gas properties (3,819) (2,740)  
Net cash used in investing activities (20,686) (3,002)  
Cash flows from financing activities:      
Common stock dividends paid (4,157) (4,033) $ (139,000)
Common stock repurchases, including stock surrendered for tax withholding (132) (88)  
Borrowings under senior secured credit facility 17,500    
Repayments of senior secured credit facility (2,000)    
Debt issuance costs (379)    
Issuance of common stock 266    
Offering costs (10)    
Net cash provided by (used in) financing activities 11,088 (4,121)  
Net increase (decrease) in cash and cash equivalents (1,793) 491  
Cash and cash equivalents, beginning of period 2,507 6,446  
Cash and cash equivalents, end of period 714 6,937 $ 714
Non-cash investing and financing transactions:      
Increase (decrease) in accrued capital expenditures for oil and natural gas properties $ 1,604 $ 2,014