v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,962 $ 2,134
Salvage fund 1
Production receivable 229 108
Due from affiliate (Note 3) 17 14
Other current assets 21 41
Total current assets 2,230 2,297
Salvage fund 1,870 1,831
Oil and gas properties:    
Proved properties 25,468 24,896
Less: accumulated depletion and amortization (23,577) (23,455)
Total oil and gas properties, net 1,891 1,441
Total assets 5,991 5,569
Current liabilities:    
Due to operators 612 136
Accrued expenses 49 66
Asset retirement obligations 1
Total current liabilities 662 202
Asset retirement obligations 1,302 1,280
Total liabilities 1,964 1,482
Manager:    
Distributions (9,693) (9,664)
Retained earnings 9,325 9,289
Manager's total (368) (375)
Shareholders:    
Capital contributions (1,335 shares authorized; 830.5577 issued and outstanding) 123,037 123,037
Syndication costs (14,070) (14,070)
Distributions (54,923) (54,759)
Accumulated deficit (49,649) (49,746)
Shareholders' total 4,395 4,462
Total members' capital 4,027 4,087
Total liabilities and members' capital $ 5,991 $ 5,569