v3.25.2
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,993 $ 1,994
Salvage fund 103
Production receivable 375 430
Due from affiliate (Note 2) 18 19
Other current assets 110 54
Total current assets 2,496 2,600
Salvage fund 3,956 3,642
Investment in Delta House 119 119
Oil and gas properties:    
Advances to operators for capital expenditures 69
Proved properties 31,938 31,728
Less: accumulated depletion and amortization (27,909) (27,232)
Total oil and gas properties, net 4,098 4,496
Total assets 10,669 10,857
Current liabilities:    
Due to operators 73 60
Accrued expenses 47 59
Asset retirement obligations 103
Total current liabilities 120 222
Asset retirement obligations 3,624 3,539
Total liabilities 3,744 3,761
Manager:    
Distributions (9,800) (9,662)
Retained earnings 10,714 10,504
Manager's total 914 842
Shareholders:    
Capital contributions (500 shares authorized; 492.3709 issued and outstanding) 97,818 97,818
Syndication costs (11,668) (11,668)
Distributions (57,172) (56,391)
Accumulated deficit (22,967) (23,505)
Shareholders' total 6,011 6,254
Total members' capital 6,925 7,096
Total liabilities and members' capital $ 10,669 $ 10,857