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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Gain (Loss) on Derivatives   $ 470   $ (389)
Total Revenue $ 9,388 11,377 $ 27,144 33,562
Costs and Expenses:        
Lease Operating Expense 5,735 6,734 17,888 21,664
Production and Ad Valorem Taxes 755 984 2,235 2,883
Depreciation, Depletion & Amortization 2,794 2,596 7,596 6,763
Accretion of Asset Retirement Obligation 534 510 1,594 1,487
General and Administrative:        
General and Administrative 2,881 3,636 8,984 8,869
Stock-Based Compensation 238 335 1,255 1,637
Total General and Administrative 3,119 3,971 10,239 10,506
Total Cost and Expenses 12,937 14,795 39,552 43,303
Operating Loss (3,549) (3,418) (12,408) (9,741)
Other Income and (Expense):        
Interest Expense (388) (196) (1,018) (1,246)
Other Income (Expense) 93 (27) 305 (1,018)
Loss Before Taxes (3,844) (3,641) (13,121) (12,005)
Net Loss $ (3,844) $ (3,641) $ (13,121) $ (12,005)
Net Loss per Common Share:        
Basic (in dollars per share) $ (0.11) $ (0.12) $ (0.39) $ (0.41)
Diluted (in dollars per share) $ (0.11) $ (0.12) $ (0.39) $ (0.41)
Weighted-Average Number of Common Shares Outstanding:        
Basic (in shares) 34,043,173 31,619,333 33,906,417 29,055,331
Diluted (in shares) 34,043,173 31,619,333 33,906,417 29,055,331
Total Product Revenues        
Revenue:        
Revenue $ 9,374 $ 10,892 $ 27,113 $ 33,915
Oil Sales        
Revenue:        
Revenue 8,790 10,341 24,844 32,070
Gas Sales        
Revenue:        
Revenue 196 9 965 270
Natural Gas Liquid ("NGL") Sales        
Revenue:        
Revenue 388 542 1,304 1,575
Other        
Revenue:        
Revenue $ 14 $ 15 $ 31 $ 36