secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001493152-23-039408
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating files updated business disclosure; details merger, Exok acreage, possible reserves of 285 MBoe
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- Completed merger with Prairie LLC on May 3, 2023; name changed from Creek Road Miners; expects OTCQB ticker PROP by Nov 14.
- Reverse stock split at 1:28.5714286 on Oct 16, 2023; all share counts retroactively adjusted.
- Acquired ~23,485 net mineral acres from Exok; exercised option for additional 20,328 net acres for $18M cash plus equity in Aug 2023.
- Submitted permit application for Genesis OGDP (72 wells, Weld County, CO) on Sep 18, 2023; drilling expected Q1 2024 subject to permits and financing.
- Possible reserves as of Aug 1, 2023: 285,306 MBoe, PV10 of $2.36B from Codell and Niobrara formations; no proved reserves yet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223039408/0001493152-23-039408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223039408/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039408

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer