v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Loss on Derivatives $ (1,612)   $ (4,203)  
Total Revenue 9,505 $ 8,754 14,608 $ 17,756
Costs and Expenses:        
Lease Operating Expense 5,037 6,387 10,197 12,153
Production and Ad Valorem Taxes 938 768 1,445 1,480
Depreciation, Depletion & Amortization 1,444 2,576 2,861 4,802
Accretion of Asset Retirement Obligations 542 534 1,077 1,060
General and Administrative:        
General and Administrative 2,878 2,906 5,754 6,103
Stock-Based Compensation 208 486 397 1,017
Total General and Administrative 3,086 3,392 6,151 7,120
Total Cost and Expenses 11,047 13,657 21,731 26,615
Operating Loss (1,542) (4,903) (7,123) (8,859)
Other Income and (Expense):        
Interest Expense (329) (334) (809) (630)
Loss on Extinguishment of Debt (Note 8)     (659)  
Other Income (Expense) 13 181 91 212
Loss Before Taxes (1,858) (5,056) (8,500) (9,277)
Net Loss $ (1,858) $ (5,056) $ (8,500) $ (9,277)
Net Loss per Common Share:        
Basic (in dollars per share) $ (0.05) $ (0.15) $ (0.22) $ (0.27)
Diluted (in dollars per share) $ (0.05) $ (0.15) $ (0.22) $ (0.27)
Weighted-Average Number of Common Shares Outstanding:        
Basic (in shares) 41,274,853 33,853,310 38,653,838 33,837,377
Diluted (in shares) 41,274,853 33,853,310 38,653,838 33,837,377
Total Product Revenues        
Revenue:        
Total Product Revenues $ 11,107 $ 8,747 $ 18,791 $ 17,739
Oil Sales        
Revenue:        
Total Product Revenues 11,017 8,005 18,319 16,054
Gas Sales        
Revenue:        
Total Product Revenues (524) 221 (339) 769
Natural Gas Liquids Sales        
Revenue:        
Total Product Revenues 614 521 811 916
Other        
Revenue:        
Total Product Revenues $ 10 $ 7 $ 20 $ 17