Prairie Operating Co. Begins Completion of the Opal Coalbank Pad, Acquired from Bayswater

Core Viewpoint - Prairie Operating Co. is advancing its operational and financial initiatives, focusing on the completion of nine DUC wells and the development of the Rusch Pad, while leveraging a strategic hedging program to ensure financial stability in a volatile market [2][3][7]. Group 1: Opal Coalbank Development - The Opal Coalbank project includes nine DUC wells acquired from Bayswater, with a focus on unlocking immediate cash flow by completing six wells in the Codell and three in the Niobrara B formations [3][4]. - Completions are set to begin in May, with production expected to start by summer, utilizing a tailored design optimized through multivariate and geo-mechanical analysis [4]. Group 2: Rusch Pad Development - An 11-well development program at the Rusch Pad is ahead of schedule, with three wells successfully drilled and cased, and drilling expected to be completed by early June [5][6]. - The use of Precision's premier rig has resulted in faster cycle times and significant emissions reductions, showcasing the company's commitment to operational excellence [6]. Group 3: Hedging Program - Prairie's strategic hedging program has a mark-to-market value of approximately $70 million, providing strong cash flow stability and pricing certainty [7][8]. - The program covers about 85% of Prairie's remaining daily production for 2025, locking in prices at $68.27 per barrel WTI and $4.28 per MMBtu Henry Hub [8].