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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 105 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Cash flows from operating activities:      
Net income (loss) $ 10,707 $ 5,218  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, and accretion 3,598 1,528  
Impairment of proved property 0 0  
Stock-based compensation 208 198  
Settlement of asset retirement obligations (7)    
Deferred income taxes (36) (119)  
Unrealized loss on derivative contracts (1,119)    
Accrued settlements on derivative contracts (220)    
Other (8) (4)  
Changes in operating assets and liabilities:      
Receivables 6,804 (7,617)  
Prepaid expenses and other current assets 33 109  
Accounts payable and accrued expenses (5,173) 4,640  
State and federal income taxes payable 2,578 1,639  
Net cash provided by operating activities 17,365 5,592  
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (31)    
Capital expenditures for oil and natural gas properties (1,848) (390)  
Net cash used in investing activities (1,879) (390)  
Cash flows from financing activities:      
Common stock dividends paid (4,026) (2,522) $ (90,300)
Common stock repurchases, including stock surrendered for tax withholding (26) (2)  
Repayments of credit facility (9,000)    
Net cash provided by (used in) financing activities (13,052) (2,524)  
Net increase (decrease) in cash and cash equivalents 2,434 2,678  
Cash and cash equivalents, beginning of year 8,280 5,277  
Cash and cash equivalents, end of year 10,714 7,955 $ 10,714
Non-cash investing and financing transactions:      
Increase (decrease) in accrued expenditure for oil and natural gas properties $ (872) $ (111)