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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,957 $ 4,505
Accounts and other receivables, net of allowance for credit losses of: $350,000 at December 31, 2024; $375,000 at September 30, 2024 2,403 2,770
Assets held for sale 69 69
Other current assets 1,547 1,539
Total current assets 5,976 8,883
Asset for retirement benefits 5,002 4,899
Operating lease right-of-use assets 153 39
Property and equipment:    
Proved oil and natural gas properties (full cost method) 79,081 83,557
Drilling rigs and other property and equipment 3,660 3,679
Total property and equipment 82,741 87,236
Accumulated depletion, impairment, depreciation, and amortization (67,862) (70,388)
Total property and equipment, net 14,879 16,848
Total assets 26,010 30,669
Current liabilities:    
Accounts payable 1,319 1,822
Accrued capital expenditures 105 2,407
Accrued compensation 609 650
Accrued operating and other expenses 1,575 1,834
Current portion of asset retirement obligation 938 798
Other current liabilities 788 301
Total current liabilities 5,334 7,812
Operating lease liabilities 122 7
Liability for retirement benefits 1,921 1,898
Asset retirement obligation 7,237 7,790
Deferred income tax liabilities 91 100
Total liabilities 14,705 17,607
Commitments and contingencies
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,221,434 issued at December 31, 2024; 10,195,990 issued at September 30, 2024 5,111 5,098
Additional paid-in capital 7,746 7,690
(Accumulated deficit) retained earnings (1,322) 595
Accumulated other comprehensive income, net 2,036 1,943
Treasury stock, at cost: 167,900 shares at December 31, 2024 and September 30, 2024 (2,286) (2,286)
Total stockholders' equity 11,285 13,040
Non-controlling interests 20 22
Total equity 11,305 13,062
Total liabilities and equity $ 26,010 $ 30,669