Prairie Operating (PROP) Registration Filing summary

Company overview and business model

• Independent oil and gas company focused on acquiring and developing crude oil, natural gas, and NGLs in the Denver-Julesburg Basin, primarily targeting the Niobrara and Codell formations.

• Emphasizes responsible resource development, capital discipline, and sustainable cash flow generation.

• Classified as a smaller reporting company, allowing for reduced disclosure obligations and streamlined financial reporting.

Financial performance and metrics

• As of November 22, 2024, 22,925,161 shares of common stock and 14,456.68 shares of Series D convertible preferred stock were outstanding.

• Financial statements for 2022 and 2023, and reserve estimates as of June 30, 2024, are incorporated by reference and audited by independent firms.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including investments in subsidiaries, projects, debt repayment, acquisitions, capital expenditures, and working capital.

• Proceeds from the Standby Equity Purchase Agreement (SEPA) may be used to advance development and drilling programs or finance acquisitions.