CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current assets
Cash and cash equivalents	$ 8,280	$ 5,277
Receivables from crude oil, natural gas, and natural gas liquids sales	24,080	8,687
Receivables for federal and state income tax refunds		3,108
Derivative contract assets	170
Prepaid expenses and other current assets	3,838	1,036
Total current assets	36,368	18,108
Property and equipment, net of depletion, depreciation, amortization, and impairment
Oil and natural gas properties, net-full-cost method of accounting, of which none were excluded from amortization	110,508	58,516
Other property and equipment, net		11
Total property and equipment, net	110,508	58,527
Other assets, net	1,171	71
Total assets	148,047	76,706
Current liabilities
Accounts payable	15,133	1,613
Accrued liabilities and other	11,893	4,943
Derivative contract liabilities	2,164
State and federal taxes payable	1,095	38
Total current liabilities	30,285	6,594
Long term liabilities
Senior secured credit facility	21,250	4,000
Deferred income taxes	7,099	5,957
Asset retirement obligations	13,899	5,539
Operating lease liability		21
Total liabilities	72,533	22,111
Commitments and contingencies (Note 11)
Stockholders' equity
Common stock; par value $0.001; 100,000,000 shares authorized: issued and outstanding 33,470,710 and 33,514,952 shares as of June 30, 2022 and 2021, respectively	33	34
Additional paid-in capital	42,629	42,541
Retained earnings	32,852	12,020
Total stockholders' equity	75,514	54,595
Total liabilities and stockholders' equity	$ 148,047	$ 76,706