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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues:    
Total revenues $ 7,939
Operating expenses:    
Lease operating expenses 1,265
Gathering, transportation, and processing expenses 864
Ad valorem and production taxes 591
Depreciation, depletion, and amortization 427
Accretion of asset retirement obligation 6
Exploration expenses 734 264
General and administrative expenses 30,565 16,269
Total operating expenses 34,452 16,533
Loss from operations (26,513) (16,533)
Other (expenses) income:    
Interest expense (1,142) (122)
Loss on derivatives, net (4,395)
Loss on adjustment to fair value – debt and warrants (5,358) (45,066)
Loss on issuance of debt (3,039)
Interest income and other 580 248
Liquidated damages (548)
Total other expenses (13,354) (45,488)
Loss from operations before provision for income taxes (39,867) (62,021)
Provision for income taxes
Net loss from continuing operations (39,867) (62,021)
Loss from discontinued operations, net of taxes (1,045) (17,059)
Net loss from discontinued operations (1,045) (17,059)
Net loss $ (40,912) $ (79,080)
Loss per share from continuing operations, basic $ (2.58) $ (12.95)
Loss per share from continuing operations, diluted (2.58) (12.95)
Loss per share from discontinued operations, basic (0.07) (3.56)
Loss per share from discontinued operations, diluted (0.07) (3.56)
Loss per share, basic (2.65) (16.51)
Loss per share, diluted $ (2.65) $ (16.51)
Weighted average common shares outstanding, basic 15,453,502 4,788,412
Weighted average common shares outstanding, diluted 15,453,502 4,788,412
Oil and Gas Service [Member]    
Revenues:    
Total revenues $ 7,939