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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,154 $ 4,285
Accounts and other receivables, net of allowance for credit losses of: $50,000 at June 30, 2025; $141,000 at September 30, 2024 1,884 2,190
Note receivable 450 0
Other current assets 630 873
Current assets of discontinued operations 0 1,535
Total current assets 4,118 8,883
Asset for retirement benefits 5,207 4,899
Operating lease right-of-use assets 172 39
Other non-current assets 281 0
Property and equipment:    
Proved oil and natural gas properties (full cost method) 83,849 83,557
Other property and equipment 506 509
Total property and equipment 84,355 84,066
Accumulated depletion, impairment, depreciation, and amortization (70,376) (67,500)
Total property and equipment, net 13,979 16,566
Non-current assets of discontinued operations 0 282
Total assets 23,757 30,669
Current liabilities:    
Accounts payable 1,902 1,785
Accrued capital expenditures 137 2,407
Accrued compensation 296 526
Accrued operating and other expenses 1,310 1,465
Current portion of asset retirement obligation 1,319 798
Other current liabilities 475 301
Current liabilities of discontinued operations 0 530
Total current liabilities 5,439 7,812
Operating lease liabilities 107 7
Liability for retirement benefits 1,966 1,898
Asset retirement obligation 7,613 7,790
Deferred income tax liabilities 49 100
Total liabilities 15,174 17,607
Commitments and contingencies
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,221,434 issued at June 30, 2025; 10,195,990 issued at September 30, 2024 5,111 5,098
Additional paid-in capital 7,824 7,690
(Accumulated deficit) retained earnings (4,079) 595
Accumulated other comprehensive income, net 1,996 1,943
Treasury stock, at cost: 167,900 shares at June 30, 2025 and September 30, 2024 (2,286) (2,286)
Total stockholders’ equity 8,566 13,040
Non-controlling interests 17 22
Total equity 8,583 13,062
Total liabilities and equity $ 23,757 $ 30,669