CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 2,507	$ 6,446
Receivables from crude oil, natural gas, and natural gas liquids revenues	10,804	10,826
Derivative contract assets	1,777	596
Prepaid expenses and other current assets	2,287	3,855
Total current assets	17,375	21,723
Property and equipment, net of depletion, depreciation, and impairment
Oil and natural gas properties, net-full-cost method of accounting, of which none were excluded from amortization	142,248	139,685
Derivative contract assets	198	171
Other assets	431	1,298
Total assets	160,252	162,877
Current liabilities
Accounts payable	12,901	8,308
Accrued liabilities and other	6,909	6,239
Derivative contract liabilities	1,577	1,192
State and federal taxes payable		74
Total current liabilities	21,387	15,813
Long term liabilities
Senior secured credit facility	37,500	39,500
Deferred income taxes	6,234	6,702
Asset retirement obligations	21,535	19,209
Derivative contract liabilities	1,783	468
Operating lease liability		58
Total liabilities	88,439	81,750
Commitments and contingencies (Note 10)
Stockholders' equity
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 34,337,188 and 33,339,535 shares as of June 30, 2025 and 2024, respectively	34	33
Additional paid-in capital	46,650	41,091
Retained earnings	25,129	40,003
Total stockholders' equity	71,813	81,127
Total liabilities and stockholders' equity	$ 160,252	$ 162,877