v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,777 $ 1,986
Salvage fund 2
Production receivable 291 137
Due from affiliate (Note 3) 22 18
Other current assets 27 53
Total current assets 2,119 2,194
Salvage fund 2,506 2,465
Oil and gas properties:    
Proved properties 32,904 32,170
Less: accumulated depletion and amortization (30,498) (30,343)
Total oil and gas properties, net 2,406 1,827
Total assets 7,031 6,486
Current liabilities:    
Due to operators 786 175
Accrued expenses 51 68
Asset retirement obligations 2
Total current liabilities 839 243
Asset retirement obligations 1,801 1,773
Total liabilities 2,640 2,016
Manager:    
Distributions (11,759) (11,736)
Retained earnings 14,556 14,523
Manager's total 2,797 2,787
Shareholders:    
Capital contributions (625 shares authorized; 332.2918 issued and outstanding) 65,965 65,965
Syndication costs (7,823) (7,823)
Distributions (69,964) (69,835)
Retained earnings 13,416 13,376
Shareholders' total 1,594 1,683
Total members' capital 4,391 4,470
Total liabilities and members' capital $ 7,031 $ 6,486