Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Acquisition, Unaudited Pro Forma Results (Details)

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Note 3 - Acquisition, Unaudited Pro Forma Results (Details) - USD ($)
2 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Crude oil, natural gas and natural gas liquids sales       $ 248,458  
Operating income       38,091  
Net income (loss)       $ 9,316  
Income (loss) from continuing operations (in dollars per share)   $ (5,842) $ 23,668 $ 9,316 $ 32,182
Net income (loss) per share (in dollars per share)       $ 0.09  
Basic weighted average shares outstanding (in shares)       103,594  
Income (loss) from continuing operations (in dollars per share)   $ (5,842) $ 23,668 $ 9,316 $ 32,182
Diluted weighted average shares outstanding (in shares)       103,677  
Svenska Petroleum Exploration Aktiebolag [Member]          
Crude oil, natural gas and natural gas liquids sales $ 17,240,000        
Net loss $ (2,921,000)        
Crude oil, natural gas and natural gas liquids sales   $ 116,778 $ 158,631   $ 269,547
Operating income   (7,336) 53,476   84,836
Net income (loss)   $ (5,842) [1] $ 23,668   $ 32,182 [2]
Net income (loss) per share (in dollars per share)   $ (0.06) $ 0.22   $ 0.3
Basic weighted average shares outstanding (in shares)   103,528 106,965   107,175
Diluted weighted average shares outstanding (in shares)   103,676 107,613   108,050
[1] The unaudited pro forma net income for the three months ended June 30, 2024 excludes nonrecurring pro forma adjustments directly attributable to the acquisition of Svenska, consisting of a bargain purchase gain of $19.9 million, transaction costs of $1.3 million and severance costs of $12.6 million.
[2] The unaudited pro forma net income for the six months ended June 30, 2024 excludes nonrecurring pro forma adjustments directly attributable to the acquisition of Svenska, consisting of a bargain purchase gain of $19.9 million, transaction costs of $3.1 million and severance costs of $12.6 million.