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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 13,200 $ 29,430
Accounts receivable - oil and gas 5,615 2,430
Prepaid expenses and other current assets 342 249
Total current assets 19,157 32,109
Oil and gas properties - successful efforts method:    
Oil and gas properties, subject to amortization, net 81,606 79,372
Oil and gas properties, not subject to amortization, net 5,980 775
Total oil and gas properties, net 87,586 80,147
Operating lease - right-of-use asset 337 71
Other assets 3,803 3,783
Total assets 110,883 116,110
Current liabilities:    
Accounts payable 1,054 1,556
Accrued expenses 2,354 13,835
Revenue payable 956 1,018
Operating lease liabilities - current 87 81
Asset retirement obligations - current 896 472
Total current liabilities 5,347 16,962
Long-term liabilities:    
Operating lease liabilities, net of current portion 250 0
Asset retirement obligations, net of current portion 2,996 2,689
Total liabilities 8,593 19,651
Shareholders' equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized; 87,250,267 and 85,790,267 shares issued and outstanding, respectively 87 86
Additional paid-in capital 224,659 223,114
Accumulated deficit (122,456) (126,741)
Total shareholders' equity 102,290 96,459
Total liabilities and shareholders' equity $ 110,883 $ 116,110