Prairie Operating Co. updates business, reports possible reserves of 285 Mboe with $2.36B PV-10

Prairie Operating Co.

Completed merger with Prairie LLC, changed name from Creek Road Miners to Prairie Operating Co.; ticker changed to PROP on Nov 13, 2023.
Acquired ~23,485 net mineral acres in Weld County, Colorado from Exok in May 2023; later exercised option for additional 20,328 net acres.
Submitted permit application for Genesis OGDP (72 wells, 2 pads) in Weld County, CO on Sep 18, 2023; drilling targeted Q1 2024.
Received $12M from exercise of Series D B Warrants by O'Neill Trust at $6.00/share on Nov 13, 2023; proceeds for working capital.
Possible reserves estimated at 285,306 Mboe with PV-10 of $2.36B as of Aug 1, 2023 per independent report.

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