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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and equivalents $ 2,467 $ 4,422
Oil and natural gas sales receivable 6,131 933
Marketable equity securities 150 191
Prepaid and other current assets 897 179
Real estate assets held for sale, net of selling costs 250 250
Total current assets 9,895 5,975
Oil and natural gas properties under full cost method:    
Unevaluated properties 1,584 1,588
Evaluated properties 187,116 95,088
Less accumulated depreciation, depletion, amortization and impairment (92,145) (88,195)
Net oil and natural gas properties 96,555 8,481
Pending acquisition 592 2,767
Property and equipment, net 589 188
Right-of-use asset 997 120
Other assets 348 132
Total assets 108,976 17,663
Current liabilities:    
Accounts payable and accrued liabilities 6,921 1,447
Accrued compensation and benefits 487 1,162
Commodity derivative liability-current 6,325
Asset retirement obligations-current 1,845
Premium finance note 377
Warrant liability 19
Current lease obligation 157 114
Total current liabilities 16,112 2,742
Credit facility 4,000
Commodity derivative liability-noncurrent 1,308
Asset retirement obligations- noncurrent 10,366 1,461
Lease obligation- non-current 880 19
Other long-term liabilities 6 6
Total liabilities 32,672 4,228
Shareholders’ equity:    
Common stock, $0.01 par value; unlimited shares authorized; 24,923,812 and 4,676,301 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 249 47
Additional paid-in capital 215,783 149,276
Accumulated deficit (139,728) (135,888)
Total shareholders’ equity 76,304 13,435
Total liabilities and shareholders’ equity $ 108,976 $ 17,663