v3.25.4
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 3,762 $ 2,507
Receivables from crude oil, natural gas, and natural gas liquids revenues 9,345 10,804
Derivative contract assets 3,196 1,777
Prepaid expenses and other current assets 859 2,287
Total current assets 17,162 17,375
Property and equipment, net of depletion, depreciation, and impairment    
Oil and natural gas properties, subject to amortization, net 146,476 142,248
Oil and natural gas properties, not subject to amortization 4,645  
Total property and equipment, net 151,121 142,248
Derivative contract assets 135 198
Other assets 847 431
Total assets 169,265 160,252
Current liabilities    
Accounts payable 11,041 12,901
Accrued liabilities and other 5,308 6,909
Derivative contract liabilities 1,505 1,577
State and federal taxes payable 1,272  
Total current liabilities 19,126 21,387
Long term liabilities    
Senior secured credit facility 54,500 37,500
Deferred income taxes 4,935 6,234
Asset retirement obligations 22,309 21,535
Derivative contract liabilities 465 1,783
Operating lease liability 386  
Total liabilities 101,721 88,439
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 35,003,844 and 34,337,188 shares as of December 31, 2025 and June 30, 2025, respectively 35 34
Additional paid-in capital 48,843 46,650
Retained earnings 18,666 25,129
Total stockholders' equity 67,544 71,813
Total liabilities and stockholders' equity $ 169,265 $ 160,252