secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001493152-23-038171
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating updates business disclosures; possible reserves PV-10 of $2.36B; drilling expected Q1 2024
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- Merger with Prairie LLC closed May 3, 2023; name changed from Creek Road Miners; ticker to become PROP on Nov 14, 2023.
- Acquired ~23,485 net mineral acres in Weld County, CO; paid $18M cash + equity for additional ~20,328 net acres from Exok.
- Independent reserve report as of Aug 1, 2023: possible reserves 285,306 MBoe, PV-10 $2.36B; no current production or revenue.
- Submitted permit application for Genesis OGDP (72 wells, 2 pads) in Sept 2023; expects drilling to start Q1 2024 subject to permits and financing.
- Reverse stock split 1:28.5714286 effected Oct 16, 2023; post-split shares and conversion rates adjusted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223038171/0001493152-23-038171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223038171/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038171

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