secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001493152-23-041958
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223041958/0001493152-23-041958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223041958/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041958

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