Note 8 - Derivatives and Fair Value (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Settlement Period	Type of Contract	Index	Average Monthly Volumes		Weighted Average Put Price		Weighted Average Call Price
			(Bbls)		(per Bbl)		(per Bbl)
July 2024 - September 2024	Collars	Dated Brent		80,000	$	65.00	$	92.00

Settlement Period	Type of Contract	Index	Average Monthly Volumes		Weighted Average Put Price
			(Bbls)a		(per Bbl)
July 2024 - December 2024	Put Options	Dated Brent		125,000	$	65.00

Settlement Period	Type of Contract	Index	Average Monthly Volumes		Weighted Average SWAP Price in CAD
			(GJ)b		(per GJ)
November 2024 - March 2025	Swap	AECO (7A)		67,000	$	2.80

Schedule of Derivative Instruments [Table Text Block]

		Three Months Ended June 30,						Six Months Ended June 30,
Derivative Item	Statements of Operations Line	2024			2023			2024			2023
		(in thousands)						(in thousands)
Commodity derivatives	Cash settlements paid on matured derivative contracts, net	$	(9	)	$	(4	)	$	(33	)	$	(63	)
	Unrealized gain (loss)		266			35			(557	)		115
	Derivative instruments gain (loss), net	$	257		$	31		$	(590	)	$	52