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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2025
Sep. 30, 2025
Current assets:    
Cash and cash equivalents $ 3,622 $ 2,886
Accounts and other receivables, net of allowance for credit losses of: $50,000 at December 31, 2025; $49,000 at September 30, 2025 1,411 1,621
Note receivable 200 300
Other current assets 594 423
Total current assets 5,827 5,230
Asset for retirement benefits 6,056 5,928
Operating lease right-of-use assets 120 145
Other non-current assets 380 347
Property and equipment:    
Proved oil and natural gas properties (full cost method) 75,952 74,511
Other property and equipment 504 500
Total property and equipment 76,456 75,011
Accumulated depletion, impairment, depreciation, and amortization (67,372) (65,849)
Total property and equipment, net 9,084 9,162
Total assets 21,467 20,812
Current liabilities:    
Accounts payable 1,935 2,182
Accrued capital expenditures 270 185
Accrued compensation 262 264
Accrued operating and other expenses 628 1,022
Current portion of asset retirement obligation 615 613
Other current liabilities 291 460
Total current liabilities 4,001 4,726
Operating lease liabilities 82 93
Liability for retirement benefits 1,776 1,791
Asset retirement obligation 7,404 7,162
Deferred income tax liabilities 18 18
Total liabilities 13,281 13,790
Commitments and contingencies (Note 16)
Equity:    
Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 12,705,964 issued at December 31, 2025; 10,241,434 issued at September 30, 2025 6,353 5,121
Additional paid-in capital 9,410 8,039
(Accumulated deficit) retained earnings (7,934) (6,508)
Accumulated other comprehensive income, net 2,615 2,642
Treasury stock, at cost: 167,900 shares at December 31, 2025 and September 30, 2025 (2,286) (2,286)
Total stockholders’ equity 8,158 7,008
Non-controlling interests 28 14
Total equity 8,186 7,022
Total liabilities and equity $ 21,467 $ 20,812