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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 4,393 $ 2,830
Accounts and other receivables, net of allowance for credit losses of: $344,000 at June 30, 2024; $284,000 at September 30, 2023 3,252 3,246
Assets held for sale 69 0
Other current assets 2,062 3,009
Total current assets 9,776 9,085
Asset for retirement benefits 4,738 4,471
Operating lease right-of-use assets 59 54
Property and equipment:    
Proved oil and natural gas properties (full cost method) 81,743 80,851
Drilling rigs and other property and equipment 3,695 7,223
Total property and equipment 85,438 88,074
Accumulated depletion, impairment, depreciation, and amortization (68,613) (66,263)
Total property and equipment, net 16,825 21,811
Total assets 31,398 35,421
Current liabilities:    
Accounts payable 1,343 881
Accrued capital expenditures 462 1,099
Accrued compensation 509 726
Accrued operating and other expenses 1,681 1,747
Current portion of asset retirement obligation 2,144 1,536
Other current liabilities 345 609
Total current liabilities 6,484 6,598
Operating lease liabilities 15 47
Liability for retirement benefits 1,733 1,664
Asset retirement obligation 8,052 8,297
Deferred income tax liabilities 105 58
Total liabilities 16,389 16,664
Commitments and contingencies
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,195,990 issued at June 30, 2024; 10,158,678 issued at September 30, 2023 5,098 5,079
Additional paid-in capital 7,635 7,687
Retained earnings 2,478 6,160
Accumulated other comprehensive income, net 2,060 2,104
Treasury stock, at cost: 167,900 shares at June 30, 2024 and September 30, 2023 (2,286) (2,286)
Total stockholders’ equity 14,985 18,744
Non-controlling interests 24 13
Total equity 15,009 18,757
Total liabilities and equity $ 31,398 $ 35,421