secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001493152-24-002129
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating acquires Nickel Road assets for $94.5M; adds 3,370 Boepd, 62 permitted PUDs in DJ Basin
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- Total consideration $94.5M ($83M cash + $11.5M deferred); effective date Feb 1, 2024.
- Adds 3,370 net Boepd (84% liquids), 5,500 net acres, 62 permitted PUDs.
- Proven reserves of 22.2 MMboe with PV10 of ~$254M per CG&A report.
- Expected to close H1 2024; funded via stock, cash on hand, warrants.
- Accretive to production, reserves, and free cash flow; break-even below $30/bbl WTI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224002129/0001493152-24-002129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224002129/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002129

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