v3.25.2
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,768 $ 1,890
Salvage fund 43
Production receivable 220 245
Other current assets 109 17
Total current assets 2,097 2,195
Salvage fund 1,951 1,787
Investment in Delta House 119 119
Oil and gas properties:    
Advance payments to operators for capital expenditures 69
Proved properties 11,346 11,136
Less:  accumulated depletion and amortization (8,787) (8,497)
Total oil and gas properties, net 2,628 2,639
Total assets 6,795 6,740
Current liabilities:    
Due to operators 40 40
Accrued expenses 46 60
Asset retirement obligations 43
Total current liabilities 86 143
Asset retirement obligations 1,621 1,588
Total liabilities 1,707 1,731
Manager:    
Distributions (4,430) (4,342)
Retained earnings 3,711 3,572
Manager's total (719) (770)
Shareholders:    
Capital contributions (1,000 shares authorized; 486.4825 issued and outstanding) 72,381 72,381
Syndication costs (8,541) (8,541)
Distributions (27,391) (26,896)
Accumulated deficit (30,642) (31,165)
Shareholders' total 5,807 5,779
Total members' capital 5,088 5,009
Total liabilities and members' capital $ 6,795 $ 6,740