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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 3,685 $ 2,830
Accounts and other receivables, net of allowance for credit losses of: $339,000 at March 31, 2024; $284,000 at September 30, 2023 3,385 3,246
Assets held for sale 69 0
Other current assets 2,507 3,009
Total current assets 9,646 9,085
Asset for retirement benefits 4,649 4,471
Operating lease right-of-use assets 79 54
Property and equipment:    
Proved oil and natural gas properties (full cost method) 82,118 80,851
Drilling rigs and other property and equipment 3,752 7,223
Total property and equipment 85,870 88,074
Accumulated depletion, impairment, depreciation, and amortization (67,462) (66,263)
Total property and equipment, net 18,408 21,811
Total assets 32,782 35,421
Current liabilities:    
Accounts payable 1,257 881
Accrued capital expenditures 528 1,099
Accrued compensation 396 726
Accrued operating and other expenses 1,671 1,747
Current portion of asset retirement obligation 1,828 1,536
Other current liabilities 634 609
Total current liabilities 6,314 6,598
Operating lease liabilities 25 47
Liability for retirement benefits 1,710 1,664
Asset retirement obligation 8,226 8,297
Deferred income tax liabilities 109 58
Total liabilities 16,384 16,664
Commitments and contingencies
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,195,990 issued at March 31, 2024; 10,158,678 issued at September 30, 2023 5,098 5,079
Additional paid-in capital 7,779 7,687
Retained earnings 3,724 6,160
Accumulated other comprehensive income, net 2,069 2,104
Treasury stock, at cost: 167,900 shares at March 31, 2024 and September 30, 2023 (2,286) (2,286)
Total stockholders’ equity 16,384 18,744
Non-controlling interests 14 13
Total equity 16,398 18,757
Total liabilities and equity $ 32,782 $ 35,421