v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,152 $ 1,285
Salvage fund 1
Production receivable 170 80
Due from affiliate (Note 3) 13 11
Other current assets 19 38
Total current assets 1,355 1,414
Salvage fund 1,837 1,809
Oil and gas properties:    
Proved properties 20,346 19,894
Less:  accumulated depletion and amortization (18,842) (18,746)
Total oil and gas properties, net 1,504 1,148
Total assets 4,696 4,371
Current liabilities:    
Due to operators 483 108
Accrued expenses 53 69
Asset retirement obligations 1
Total current liabilities 537 177
Asset retirement obligations 1,305 1,287
Total liabilities 1,842 1,464
Manager:    
Distributions (8,148) (8,129)
Retained earnings 8,555 8,531
Manager's total 407 402
Shareholders:    
Capital contributions (1,000 shares authorized; 839.5395 issued and outstanding) 124,401 124,401
Syndication costs (14,236) (14,236)
Distributions (48,270) (48,163)
Accumulated deficit (59,448) (59,497)
Shareholders' total 2,447 2,505
Total members' capital 2,854 2,907
Total liabilities and members' capital $ 4,696 $ 4,371