Prairie Operating Co. Aktie

At EnerCom in Denver, Prairie Operating described its transformation from a shell tied to crypto into an oil and gas producer with about 27,000 net barrels/day and 118 million barrels of oil equivalent in reserves. For 2025 the company forecasts production of 23,000–25,000 barrels/day, EBITDA of $180–190 million and capex of $185–195 million, but expects high near‑term investments and hedging losses because market prices are above its hedge levels. Prairie plans further acquisition‑driven growth and to expand its drilling inventory in the DJ Basin, but is holding back on accelerated development in Colorado until 2028 due to regulatory constraints. » Więcej na de.investing.com

Prairie Operating entered into a third amendment to its credit agreement with Citibank and other lenders that substantially reduces the minimum liquidity requirement (Current Ratio) for upcoming quarters and introduces a new production covenant. The revised thresholds are 0.50 (Q2 2026), 0.40 (Q3 2026) and 0.60 (Q4 2026) instead of the previous 1.00, after the ratio was most recently 0.25. The company also agreed with Hudson Bay PH XIX LLC to postpone issuance dates for anniversary warrants, to temporarily waive a series F liquidity covenant until December 31, 2026, and to adjust a warrant covering 3,000,000 shares; the $475 million credit facility remains in place. Prairie also announced leadership appointments, including the appointment of Gregory S. Patton as CEO and Michael J. Shelly as CFO. » Więcej na de.investing.com

Prairie Operating has entered into an amendment with Hudson Bay PH XIX LLC that moves the Anniversary Warrant Issuance Date from August 7, 2026 to August 14, 2026. The change extends the deadline to issue a warrant to purchase 3,000,000 common shares at $0.01 per share; if the anniversary warrants are not issued, a Second Penny Warrant will be issued instead. The company also reported leadership changes with Gregory S. Patton as CEO and Michael J. Shelly as CFO, and confirmed a $475 million credit facility with Citibank. » Więcej na de.investing.com