v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 858 $ 1,285
Salvage fund 37
Production receivable 137 80
Due from affiliate (Note 3) 8 11
Other current assets 1 38
Total current assets 1,041 1,414
Salvage fund 1,834 1,809
Oil and gas properties:    
Proved properties 20,705 19,894
Less:  accumulated depletion and amortization (19,003) (18,746)
Total oil and gas properties, net 1,702 1,148
Total assets 4,577 4,371
Current liabilities:    
Due to operators 147 108
Accrued expenses 70 69
Asset retirement obligations 37
Total current liabilities 254 177
Asset retirement obligations 1,333 1,287
Total liabilities 1,587 1,464
Manager:    
Distributions (8,166) (8,129)
Retained earnings 8,616 8,531
Manager's total 450 402
Shareholders:    
Capital contributions (1,000 shares authorized; 839.5395 issued and outstanding) 124,401 124,401
Syndication costs (14,236) (14,236)
Distributions (48,373) (48,163)
Accumulated deficit (59,252) (59,497)
Shareholders' total 2,540 2,505
Total members' capital 2,990 2,907
Total liabilities and members' capital $ 4,577 $ 4,371