M&A
confidence high
sentiment neutral
materiality 0.75
Prairie Operating files audited financials for Nickel Road acquisition; NRO 2023 net income $19.8M on $48.2M revenue
Prairie Operating Co.
- Audited financials of Nickel Road Operating LLC: 2023 net income $19.76M, revenue $48.17M, total assets $106.45M.
- Pro forma condensed combined financial information as of and for the year ended Dec 31, 2023 filed as Exhibit 99.3.
- NRO's proved oil and gas properties net $98.5M after $41.0M accumulated depletion; impairment of $5.08M recorded in 2023.
- Reserves report by Cawley Gillespie & Associates as of Dec 31, 2023 filed as Exhibit 99.1.