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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 4,505 $ 2,830
Accounts and other receivables, net of allowance for credit losses of: $375,000 at September 30, 2024; $284,000 at September 30, 2023 2,770 3,246
Assets held for sale 69 0
Other current assets 1,539 3,009
Total current assets 8,883 9,085
Asset for retirement benefits 4,899 4,471
Operating lease right-of-use assets 39 54
Property and equipment:    
Proved oil and natural gas properties, net (full cost method) 16,554 21,302
Drilling rigs and other property and equipment, net 294 509
Total Net Property and Equipment 16,848 21,811
Total assets 30,669 35,421
Current liabilities:    
Accounts payable 1,822 881
Accrued capital expenditures 2,407 1,099
Accrued compensation 650 726
Accrued operating and other expenses 1,834 1,747
Current portion of asset retirement obligation 798 1,536
Other current liabilities 301 609
Total current liabilities 7,812 6,598
Operating lease liabilities 7 47
Liability for retirement benefits 1,898 1,664
Asset retirement obligation 7,790 8,297
Deferred income tax liabilities 100 58
Total liabilities 17,607 16,664
Commitments and contingencies (Note 17)
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,195,990 issued at September 30, 2024; 10,158,678 issued at September 30, 2023 5,098 5,079
Additional paid-in capital 7,690 7,687
Retained earnings 595 6,160
Accumulated other comprehensive income, net 1,943 2,104
Treasury stock, at cost: 167,900 shares at September 30, 2024 and 2023 (2,286) (2,286)
Total stockholders’ equity 13,040 18,744
Non-controlling interests 22 13
Total equity 13,062 18,757
Total liabilities and equity $ 30,669 $ 35,421