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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 3,223 $ 2,830
Accounts and other receivables, net of allowance for credit losses of: $334,000 at December 31, 2023; $284,000 at September 30, 2023 3,278 3,246
Other current assets 2,622 3,009
Total current assets 9,123 9,085
Asset for retirement benefits 4,561 4,471
Operating lease right-of-use assets 34 54
Property and equipment:    
Proved oil and natural gas properties (full cost method) 83,348 80,851
Drilling rigs and other property and equipment 7,231 7,223
Total property and equipment 90,579 88,074
Accumulated depletion, impairment, depreciation, and amortization (69,292) (66,263)
Total property and equipment, net 21,287 21,811
Total assets 35,005 35,421
Current liabilities:    
Accounts payable 1,344 881
Accrued capital expenditures 587 1,099
Accrued compensation 673 726
Accrued operating and other expenses 1,747 1,747
Current portion of asset retirement obligation 1,825 1,536
Other current liabilities 469 609
Total current liabilities 6,645 6,598
Operating lease liabilities 36 47
Liability for retirement benefits 1,687 1,664
Asset retirement obligation 8,416 8,297
Deferred income tax liabilities 56 58
Total liabilities 16,840 16,664
Commitments and contingencies
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,168,006 issued at December 31, 2023; 10,158,678 issued at September 30, 2023 5,084 5,079
Additional paid-in capital 7,747 7,687
Retained earnings 5,496 6,160
Accumulated other comprehensive income, net 2,113 2,104
Treasury stock, at cost: 167,900 shares at December 31, 2023 and September 30, 2023 (2,286) (2,286)
Total stockholders' equity 18,154 18,744
Non-controlling interests 11 13
Total equity 18,165 18,757
Total liabilities and equity $ 35,005 $ 35,421