Morgan EP, LLC (Tables) - Morgan E&P, LLC [Member]

6 Months Ended

Jun. 30, 2023

Schedule of Unaudited Condensed Consolidated Balance Sheets

	June 30,
	2023
Assets
Current assets:
Cash and cash equivalents	$	123
Total current assets		123
Oil and gas properties		500
Other non-current assets:
Fixed Assets		12
Total other non-current assets, net		12
Total assets	$	635
Liabilities and member's deficit
Current liabilities:
Accrued interest payable	$	8
Due to Parent		13
Total current liabilities		21
NON CURRENT LIABILITIES:
Notes Payable		750
Total non-current liabilities		750
Total liabilities		771
Total member's deficit		(136	)
Total liabilities and member's deficit	$	635

Schedule of Unaudited Condensed Consolidated Statements of Operations

	From inception (April 3, 2023) through
	June 30, 2023
Operating revenue	$	—
Other expense
General and administrative		128
Interest expense		8
Total other expense		136
Net loss	$	(136	)

Schedule of Unaudited Condensed Consolidated Statements of Cash Flows

	From inception (April 3, 2023) through
	June 30, 2023
Cash flows from operating activities:
Net loss	$	(136	)
Changes in operating assets and liabilites:
Prepaid expenses and other current assets		(12	)
Accounts payable and other		8
Due to Parent		13
Net cash used in operating activities		(127	)
Cash flows from investing activities:
Investment in oil & gas properties		(500	)
Net cash used in investing activities		(500	)
Cash flows from financing activities:
Due to Parent		750
Net cash provided by investing activities		750
Net increase in cash		123
Cash and cash equivalents at beginning of period		—
Cash and cash equivalents at end of period	$	123