secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K/A
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001493152-24-005735
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie files NRO acquisition financials; NRO net income $40.8M in 2022 on $66.1M revenue
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- NRO audited 2022 net income $40.8M, oil and gas sales $66.1M (up 52% YoY from $43.5M).
- NRO sold DJ Basin properties in June 2022 for $58.7M, recording a gain of $25.3M.
- NRO had long-term debt of $25.0M (net) at Dec 2022; total debt rose from $20.4M in 2021.
- Pro forma combined financials and reserve reports filed for the combined entity as of Feb 2024.
- Amendment solely adds financial statements and exhibits; original asset purchase terms unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224005735/0001493152-24-005735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224005735/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005735

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