v3.25.2
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,420 $ 1,079
Salvage fund 356 482
Production receivable 134 160
Due from affiliate (Note 2) 17 18
Other current assets 1 43
Total current assets 1,928 1,782
Salvage fund 1,142 1,424
Oil and gas properties:    
Proved properties 21,569 21,568
Less:  accumulated depletion and amortization (20,023) (19,613)
Total oil and gas properties, net 1,546 1,955
Total assets 4,616 5,161
Current liabilities:    
Due to operators 32 20
Accrued expenses 48 60
Asset retirement obligations 356 482
Total current liabilities 436 562
Due to operators 17 17
Asset retirement obligations 1,154 1,104
Total liabilities 1,607 1,683
Manager:    
Distributions (8,768) (8,721)
Retained earnings 10,651 10,567
Manager's total 1,883 1,846
Shareholders:    
Capital contributions (850 shares authorized; 513.1226 issued and outstanding) 76,006 76,006
Syndication costs (8,675) (8,675)
Distributions (49,686) (49,418)
Accumulated deficit (16,519) (16,281)
Shareholders' total 1,126 1,632
Total members' capital 3,009 3,478
Total liabilities and members' capital $ 4,616 $ 5,161