Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenue $ 0 $ 0 $ 0 $ 0
Operating costs and expenses:        
Operating expenses 0 0 0 0
Development expenses 6,380 11,530 11,930 23,587
Depreciation, depletion and amortization 1,088 720 2,175 1,416
General and administrative expenses 17,382 28,225 29,176 56,784
Total operating costs and expenses 24,850 40,475 43,281 81,787
Loss from operations (24,850) (40,475) (43,281) (81,787)
Interest expense, net (2,369) (4,179) (5,038) (8,189)
Loss on extinguishment of debt, net (10,881) 0 (15,473) (2,822)
Other (expense) income, net (341) 378 (4,555) 12,604
Loss before income tax (38,441) (44,276) (68,347) (80,194)
Income tax 0 0 0 0
Loss from continuing operations (38,441) (44,276) (68,347) (80,194)
Loss from discontinued operations, net (Note 4) (101,346) (15,343) (115,455) (6,918)
Net loss $ (139,787) $ (59,619) $ (183,802) $ (87,112)
Net loss per common share - Basic and Diluted        
Basic (in dollars per share) [1] $ (0.05) $ (0.08) $ (0.09) $ (0.15)
Diluted (in dollars per share) [1] $ (0.12) $ (0.03) $ (0.15) $ (0.01)
Weighted-average shares outstanding:        
Basic (in shares) 827,834 540,365 791,019 539,039
Diluted (in shares) 827,834 540,365 791,019 539,039
Natural gas sales        
Revenues:        
Total revenue $ 0 $ 0 $ 0 $ 0
[1] (1) The numerator for both basic and diluted loss per share is net loss. The denominator for both basic and diluted loss per share is the weighted-average shares outstanding during the period.