Prairie files Nickel Road financials; $84.5M acquisition closed Oct 1

Prairie Operating Co.

Acquisition of all of Nickel Road’s oil and gas interests closed October 1, 2024, with amended purchase price of $84.5M.
Nickel Road posted 9M 2024 net loss of $14.4M vs net income of $15.8M; revenue fell to $30.8M from $34.2M.
Nickel Road recorded $29.7M impairment on proved and unproved oil and gas properties in 9M 2024.
Nickel Road’s long-term debt fully repaid by Sept 2024, with zero outstanding vs $20.5M at Dec 2023.

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