v3.25.2
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,128 $ 2,954
Salvage fund 81 317
Production receivable 421 484
Due from affiliate (Note 2) 26 28
Other current assets 110 83
Total current assets 3,766 3,866
Salvage fund 4,093 3,733
Investment in Delta House 119 119
Oil and gas properties:    
Advances to operators for capital expenditures 69
Proved properties 43,965 43,753
Less:  accumulated depletion and amortization (39,061) (38,152)
Total oil and gas properties, net 4,973 5,601
Total assets 12,951 13,319
Current liabilities:    
Due to operators 88 70
Accrued expenses 48 61
Asset retirement obligations 81 317
Total current liabilities 217 448
Due to operators 17 17
Asset retirement obligations 3,213 2,930
Total liabilities 3,447 3,395
Manager:    
Distributions (10,930) (10,768)
Retained earnings 13,969 13,730
Manager's total 3,039 2,962
Shareholders:    
Capital contributions (935 shares authorized; 870.6486 issued and outstanding) 128,990 128,990
Syndication costs (14,742) (14,742)
Distributions (64,110) (63,192)
Accumulated deficit (43,673) (44,094)
Shareholders' total 6,465 6,962
Total members' capital 9,504 9,924
Total liabilities and members' capital $ 12,951 $ 13,319