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, primarily in the Denver-Julesburg Basin, 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

• Financial statements for 2023 and 2022 audited by Ham, Langston & Brezina, L.L.P.; reserve estimates prepared by Cawley, Gillespie & Associates, Inc.

• Nickel Road Operating LLC's financials and reserves also incorporated, audited by Moss Adams LLP.

Use of proceeds and capital allocation

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

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