"Company†) today provides a financial update following several positive developments across the company's financing activities. Reserve-Based Lending Facility Kosmos has successfully completed the semi- annual re-determination of its reserve-based lending ("RBL†) facility with a borrowing base remaining in excess of the RBL's $1.35 billion facility size, reflecting the quality and resilience of the assets that underpin the f. DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) ("Kosmos†or the ...

Core Viewpoint - Prairie Operating Co. has reaffirmed its multi-year Reserve-Based Lending credit facility with Citibank, indicating strong lender confidence in its asset base and execution strategy [1][3]. Financial Summary - The borrowing base of the credit facility is set at $475 million, with a maximum facility size of $1.0 billion and a maturity date of March 26, 2029 [2]. - The addition of Bank of America and West Texas National Bank to the lending syndicate enhances Prairie's financial flexibility and access to capital [3]. Company Overview - Prairie Operating Co. is an independent energy company focused on the development and acquisition of oil and natural gas resources in the Denver-Julesburg Basin, particularly in the Niobrara and Codell formations [4]. - The company emphasizes responsible resource development, aiming for consistent growth, capital discipline, and sustainable cash flow generation [4].