v3.25.2
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 6,382 $ 6,728
Production receivable 220 245
Other current assets 109 17
Total current assets 6,711 6,990
Salvage fund 1,524 1,383
Investment in Delta House 119 119
Oil and gas properties:    
Advances 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 10,982 11,131
Current liabilities:    
Due to operators 40 40
Accrued expenses 46 58
Total current liabilities 86 98
Due to operators 47 47
Asset retirement obligations 994 961
Total liabilities 1,127 1,106
Manager:    
Distributions (8,529) (8,442)
Retained earnings 7,505 7,412
Manager's total (1,024) (1,030)
Shareholders:    
Capital contributions (500 shares authorized; 477.8874 issued and outstanding) 94,698 94,698
Syndication costs (11,080) (11,080)
Distributions (50,510) (50,015)
Accumulated deficit (22,229) (22,548)
Shareholders' total 10,879 11,055
Total members' capital 9,855 10,025
Total liabilities and members' capital $ 10,982 $ 11,131