v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,447 $ 1,501
Salvage fund 1
Production receivable 188 89
Due from affiliate (Note 3) 14 12
Other current assets 22 43
Total current assets 1,672 1,645
Salvage fund 950 872
Oil and gas properties:    
Proved properties 22,038 21,545
Less:  accumulated depletion and amortization (20,400) (20,295)
Total oil and gas properties, net 1,638 1,250
Total assets 4,260 3,767
Current liabilities:    
Due to operators 528 118
Accrued expenses 51 67
Asset retirement obligations 1
Total current liabilities 580 185
Asset retirement obligations 1,123 1,104
Total liabilities 1,703 1,289
Manager:    
Distributions (8,800) (8,800)
Retained earnings 10,717 10,690
Manager's total 1,917 1,890
Shareholders:    
Capital contributions (850 shares authorized; 513.1226 issued and outstanding) 76,006 76,006
Syndication costs (8,675) (8,675)
Distributions (49,865) (49,865)
Accumulated deficit (16,826) (16,878)
Shareholders' total 640 588
Total members' capital 2,557 2,478
Total liabilities and members' capital $ 4,260 $ 3,767