v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Sep. 30, 2025
Current assets:    
Cash and cash equivalents $ 4,467 $ 2,886
Accounts and other receivables, net of allowance for credit losses of: $48,000 at June 30, 2026; $49,000 at September 30, 2025 1,442 1,621
Note receivable 0 300
Other current assets 577 423
Total current assets 6,486 5,230
Asset for retirement benefits 6,312 5,928
Investments 391 0
Operating lease right-of-use assets 86 145
Other non-current assets 310 347
Property and equipment:    
Proved oil and natural gas properties (full cost method) 73,536 74,511
Other property and equipment 286 500
Total property and equipment 73,822 75,011
Accumulated depletion, impairment, depreciation, and amortization (65,918) (65,849)
Total property and equipment, net 7,904 9,162
Total assets 21,489 20,812
Current liabilities:    
Accrued capital expenditures 47 185
Accrued compensation 176 264
Accrued operating and other expenses 1,094 1,022
Current portion of asset retirement obligation 513 613
Other current liabilities 371 460
Total current liabilities 3,416 4,726
Operating lease liabilities 53 93
Liability for retirement benefits 1,756 1,791
Asset retirement obligation 7,309 7,162
Deferred income tax liabilities 18 18
Total liabilities 12,552 13,790
Commitments and contingencies (Note 16)
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 14,595,960 issued at June 30, 2026; 10,241,434 issued at September 30, 2025 7,298 5,121
Additional paid-in capital 10,691 8,039
(Accumulated deficit) retained earnings (9,524) (6,508)
Accumulated other comprehensive income, net 2,694 2,642
Treasury stock, at cost: 167,900 shares at June 30, 2026 and September 30, 2025 (2,286) (2,286)
Total stockholders’ equity 8,873 7,008
Non-controlling interests 64 14
Total equity 8,937 7,022
Total liabilities and equity 21,489 20,812
Nonrelated Party    
Current liabilities:    
Accounts payable 1,215 1,936
Related Party    
Current liabilities:    
Accounts payable $ 0 $ 246