XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,432 $ 4,285
Accounts and other receivables, net of allowance for credit losses of: $48,000 at March 31, 2025; $141,000 at September 30, 2024 1,773 2,190
Note receivable 800 0
Other current assets 790 873
Current assets of discontinued operations 0 1,535
Total current assets 4,795 8,883
Asset for retirement benefits 5,104 4,899
Operating lease right-of-use assets 190 39
Other non-current assets 265 0
Property and equipment:    
Proved oil and natural gas properties (full cost method) 79,402 83,557
Other property and equipment 490 509
Total property and equipment 79,892 84,066
Accumulated depletion, impairment, depreciation, and amortization (65,869) (67,500)
Total property and equipment, net 14,023 16,566
Non-current assets of discontinued operations 0 282
Total assets 24,377 30,669
Current liabilities:    
Accounts payable 1,833 1,785
Accrued capital expenditures 61 2,407
Accrued compensation 258 526
Accrued operating and other expenses 1,104 1,465
Current portion of asset retirement obligation 1,079 798
Other current liabilities 517 301
Current liabilities of discontinued operations 0 530
Total current liabilities 4,852 7,812
Operating lease liabilities 112 7
Liability for retirement benefits 1,944 1,898
Asset retirement obligation 7,248 7,790
Deferred income tax liabilities 66 100
Total liabilities 14,222 17,607
Commitments and contingencies
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,221,434 issued at March 31, 2025; 10,195,990 issued at September 30, 2024 5,111 5,098
Additional paid-in capital 7,806 7,690
(Accumulated deficit) retained earnings (2,529) 595
Accumulated other comprehensive income, net 2,033 1,943
Treasury stock, at cost: 167,900 shares at March 31, 2025 and September 30, 2024 (2,286) (2,286)
Total stockholders’ equity 10,135 13,040
Non-controlling interests 20 22
Total equity 10,155 13,062
Total liabilities and equity $ 24,377 $ 30,669