v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,187 $ 1,413
Salvage fund 34
Production receivable 129 75
Due from affiliate (Note 3) 8 10
Other current assets 1 33
Total current assets 1,359 1,531
Salvage fund 1,036 969
Oil and gas properties:    
Proved properties 19,264 18,509
Less:  accumulated depletion and amortization (17,672) (17,430)
Total oil and gas properties, net 1,592 1,079
Total assets 3,987 3,579
Current liabilities:    
Due to operators 138 100
Accrued expenses 70 69
Asset retirement obligations 34
Total current liabilities 242 169
Asset retirement obligations 985 942
Total liabilities 1,227 1,111
Manager:    
Distributions (9,952) (9,952)
Retained earnings 9,788 9,710
Manager's total (164) (242)
Shareholders:    
Capital contributions (1,000 shares authorized; 971.6054 issued and outstanding) 144,529 144,529
Syndication costs (16,990) (16,990)
Distributions (58,908) (58,908)
Accumulated deficit (65,707) (65,921)
Shareholders' total 2,924 2,710
Total members' capital 2,760 2,468
Total liabilities and members' capital $ 3,987 $ 3,579