v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Sep. 30, 2025
Current assets:    
Cash and cash equivalents $ 4,016 $ 2,886
Accounts and other receivables, net of allowance for credit losses of: $49,000 at March 31, 2026; $49,000 at September 30, 2025 1,811 1,621
Note receivable 150 300
Other current assets 444 423
Total current assets 6,421 5,230
Asset for retirement benefits 6,184 5,928
Investments 14 0
Operating lease right-of-use assets 98 145
Other non-current assets 314 347
Property and equipment:    
Proved oil and natural gas properties (full cost method) 74,780 74,511
Other property and equipment 292 500
Total property and equipment 75,072 75,011
Accumulated depletion, impairment, depreciation, and amortization (66,556) (65,849)
Total property and equipment, net 8,516 9,162
Total assets 21,547 20,812
Current liabilities:    
Accrued capital expenditures 157 185
Accrued compensation 178 264
Accrued operating and other expenses 896 1,022
Current portion of asset retirement obligation 522 613
Other current liabilities 298 460
Total current liabilities 4,269 4,726
Operating lease liabilities 67 93
Liability for retirement benefits 1,772 1,791
Asset retirement obligation 7,262 7,162
Deferred income tax liabilities 18 18
Total liabilities 13,388 13,790
Commitments and contingencies (Note 16)
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 13,673,117 issued at March 31, 2026; 10,241,434 issued at September 30, 2025 6,837 5,121
Additional paid-in capital 10,011 8,039
(Accumulated deficit) retained earnings (9,084) (6,508)
Accumulated other comprehensive income, net 2,654 2,642
Treasury stock, at cost: 167,900 shares at March 31, 2026 and September 30, 2025 (2,286) (2,286)
Total stockholders’ equity 8,132 7,008
Non-controlling interests 27 14
Total equity 8,159 7,022
Total liabilities and equity 21,547 20,812
Related Party    
Current liabilities:    
Accounts payable 92 246
Nonrelated Party    
Current liabilities:    
Accounts payable $ 2,126 $ 1,936