Wed, Feb 26, 9:41 PM (60 days ago)
**Ridgewood Energy A-1 Fund, LLC (Ticker: Not Applicable)** For the fiscal year ended December 31, 2024, Ridgewood Energy A-1 Fund reported revenues of $2,125,000, a decrease from $3,124,000 in 2023, primarily due to reduced oil and gas sales volumes. Net income was $471,000 compared to $570,000 in the previous year. Operating expenses totaled $1,759,000, down from $2,624,000, reflecting lower depletion and amortization costs. The Fund's total assets decreased to $4,230,000 from $4,776,000, with oil and gas properties netting $1,661,000 after accounting for depletion. The Fund's primary investment strategy focuses on generating cash flow from its working interests in oil and gas projects, particularly the Beta Project in the Gulf of Mexico. The management fee structure remains stable at 2.5% of total capital contributions, with distributions to shareholders impacted by cash flow and future capital needs. Future outlook indicates potential volatility in oil prices due to geopolitical factors and market conditions, which could affect revenues. The Fund's asset retirement obligations increased to $1,744,000, reflecting adjustments in estimated future costs. No significant legal or regulatory risks were reported, though environmental compliance remains a key area of focus.