Prairie Operating Co. Announces Board Resignation
01 Novembro 2024 - 6:00PM
Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”)
today announces that Paul L. Kessler has resigned as a member of
Prairie’s Board of Directors, effective October 30, 2024. Mr.
Kessler, citing time constraints posed by scheduling and
professional commitments, played a key role in structuring the
Company and creating value for the resulting entity.
“We are saddened to lose Paul as a valued member
of Prairie’s Board of Directors” stated Edward Kovalik, Chairman
and CEO of the Company. “While we appreciate that Paul has numerous
outside commitments, his unwavering commitment, insight and
dedication to the Company will be missed.”
Mr. Kessler continued, “It has been my pleasure
to serve alongside you through the structuring phase of the
Company. I offer my best wishes to the Company for its continued
success.”
As the Company continues its drilling and
acquisition growth strategy in the Denver-Julesburg (DJ) Basin,
Prairie’s Nomination and Governance Committee intends to begin the
process of identifying and interviewing independent candidates,
with a focus on technical basin knowledge, to fill the vacancy.
About Prairie Operating Co.
Prairie Operating Co. is a Houston-based
publicly traded independent energy company engaged in the
development and acquisition of oil and natural gas resources in the
United States. The Company’s assets and operations are
concentrated in the oil and liquids-rich regions of the
Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara
and Codell formations. The Company is committed to the
responsible development of its oil and natural gas resources and is
focused on maximizing returns through consistent growth, capital
discipline, and sustainable cash flow generation.
More information about the Company can be found
at www.prairieopco.com.
Forward-Looking Statement
The information included herein and in any oral
statements made in connection herewith include “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
present or historical fact included herein, are forward-looking
statements. When used herein, including any oral statements made in
connection herewith, the words “could,” “should,” “will,” “may,”
“believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,”
the negative of such terms and other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on the Company’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law, the
Company disclaims any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
hereof. The Company cautions you that these forward-looking
statements are subject to risks and uncertainties, most of which
are difficult to predict and many of which are beyond the control
of the Company. There may be additional risks not currently known
by the Company or that the Company currently believes are
immaterial that could cause actual results to differ from those
contained in the forward-looking statements. Additional information
concerning these and other factors that may impact the Company’s
expectations can be found in the Company’s periodic filings with
the Securities and Exchange Commission (the “SEC”), including the
Company’s Annual Report on Form 10-K/A filed with the SEC on March
20, 2024, and any subsequently filed Quarterly Report and Current
Report on Form 8-K. The Company’s SEC filings are available
publicly on the SEC’s website at www.sec.gov.
Investor Relations Contact:Wobbe
Ploegsmainfo@prairieopco.com 832.274.3449
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