Prairie Operating Co. Provides Operations Update

Core Viewpoint - Prairie Operating Co. is focused on enhancing production growth, margins, and cash flow through operational optimization and a robust drilling schedule in the Denver-Julesburg Basin [3][11]. Operations Update - The company has successfully integrated acquired assets, leading to increased production growth and cash flow [3]. - An initial batch of 32 high-return workovers is planned for the third and fourth quarters of 2025 [3]. 2025 Drilling Schedule - The company plans to drill a total of 41 wells in 2025, with specific pads and formations outlined for each quarter [4]. - The drilling program includes: - Shelduck Pad: 8 wells - Opal/Coalbank Pad: 9 wells - Rusch Pad: 11 wells - Noble Pad: 7 wells - Simpson Pad: 6 wells - New Locations: 10 wells - Workovers: 32 wells [4]. Recent Performance Highlights - The Opal/Coalbank pad has exceeded expectations with an average initial production rate of approximately 525 barrels of oil equivalent per day (boepd) per well over the first 30 days [7]. - The Rusch Pad has completed drilling and is expected to contribute significantly to production growth in the second half of 2025 [7]. - The Noble Pad features the company's first U-turn wells, designed for cost efficiency, with first production anticipated in Q4 2025 [7]. - The Simpson Pad is currently drilling and expected to finalize completions in Q4 2025 [7].