v3.26.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue    
Oil and natural gas revenues, net of royalties (Note 7) $ 56,856 $ 58,524
Other income 565 127
Total revenue 57,421 58,651
Expenses    
Production and operating expenses 9,243 8,233
Depletion, depreciation and amortization (Notes 9,10) 17,038 15,892
General and administrative expenses 5,695 5,636
Stock based compensation (Note 15) 1,744 1,075
Total expenses 33,720 30,836
Finance income    
Realized gain on risk management contracts (Note 6) 189
Interest income 31 2
Unrealized gain on risk management contracts (Note 6) 336
Total finance income 220 338
Finance expense    
Interest on loans and borrowings 3,291 3,382
Realized loss on risk management contracts (Note 6) 616
Unrealized loss on risk management contracts (Note 6) 32
Accretion 107 90
Interest on lease liability 143 82
Foreign exchange loss 3 4
Total finance expense 3,576 4,174
Net income before income taxes 20,345 23,979
Income tax expense (Note 11) (4,868) (5,864)
Net income and comprehensive income $ 15,477 $ 18,115
Basic net income per share (Note 13) $ 0.44 $ 0.51
Diluted net income per share (Note 13) $ 0.43 $ 0.50