lecorb
3年前
Creek Road Miners
The Trade: Creek Road Miners, Inc.
CRKR
Director Paul L Kessler acquired a total of 25,869,829 shares at an average price of $0.16. The insider spent around $4.16 million to buy those shares.
What’s Happening: Prairie Operating recently reported the closing of the previously announced between Creek Road Miners, Inc. and Prairie Operating Co., LLC.
What Creek Road Miners Does: Prairie Operating Co formerly Creek Road Miners Inc develops and operates bitcoin mining scaled-up facilities using natural gas to power the operations.
https://www.benzinga.com/trading-ideas/long-ideas/23/05/32315031/over-4m-bet-on-this-financial-services-stock-check-out-these-3-penny-stocks-insiders-are
Creek Road Miners, Inc. Completes Merger with Prairie Operating Co., LLC, Establishing Prairie Operating Co.
Press Release | 05/04/2023
OKLAHOMA CITY, Oklahoma, May 04, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”) announced today the closing (the “Closing”) of the previously announced merger (the “Merger”) between Creek Road Miners, Inc. (“Creek Road”) and Prairie Operating Co., LLC (“Prairie”). As a result of the Merger, Creek Road was renamed Prairie Operating Co. The Company expects to commence trading on the OTCQB under the new name and symbol “PROP” once FINRA processes the Company’s pending Rule 10b-17 action request pursuant to FINRA Rule 6490. The Company intends to request listing on the NYSE American Exchange.
In connection with the Merger, the Company acquired from Exok, Inc. (“Exok”) undeveloped oil and gas leasehold acreage, located in Weld County, Colorado (the “Exok Assets”) for approximately $3.0 million (the “Initial Asset Acquisition”) pursuant to the previously announced amended and restated purchase and sale agreement (“PSA”) between Prairie and Exok. The Company has the option to purchase 32,695.63 additional gross Weld County acres from Exok, payable partly in cash and partly in equity consideration, until the later of August 15, 2023 or 90 days from the Closing, in accordance with the terms of the PSA.
To fund the Initial Asset Acquisition, Creek Road raised $17.3 million in proceeds from the private placement of the Company’s Series D preferred stock (“Series D Preferred Stock”) and warrants to purchase the Company’s common stock with certain investors (the “PIPE” and together with the Merger and the Initial Asset Acquisition, the “Transactions”). Any remaining proceeds from the PIPE, after funding the Initial Asset Acquisition and expenses related to the Transactions, will be used to develop the Exok Assets.
Ed Kovalik, the Company’s Chief Executive Officer, added, “Today marks the beginning of a tremendous growth opportunity for Prairie and its shareholders. Our goal is to be a world-class developer of high-quality assets with continuing focus on environmentally responsible operations”
As previously announced, the Company’s executive leadership team includes Prairie co-founders Gary C. Hanna (President) and Ed Kovalik (Chief Executive Officer), together with energy industry veterans Craig Owen (Chief Financial Officer), Jeremy Ham (Chief Commercial Officer) and Bryan Freeman (Executive Vice President of Operations). Gary C. Hanna, Ed Kovalik, Paul L. Kessler, Gizman Abbas and Stephen Lee will serve on the Company’s board of directors.
Advisors
Baker McKenzie LLP served as legal counsel to Creek Road.
Vinson & Elkins L.L.P. served as legal counsel to Prairie.
About Prairie Operating Co.
Prairie Operating Co. (f/k/a Creek Road Miners, Inc.) is a publicly traded company with assets held in Weld County, Colorado. The Company is dedicated to developing affordable, reliable energy to meet the world’s growing demand, while continuing to protect the environment. To learn more, visit Prairieopco.com.
leifsmith
4年前
Fixed price energy cost to Creek Road
From today's letter from management: https://www.businesswire.com/news/home/20220609005431/en/
The cost factor at the Meeker facility is very desirable and will allow the Company to operate at a favorable cost basis by paying a fixed price of approximately $.0455/kWh.
Given the increasing cost of energy worldwide, the opportunity for fixed-and low-price energy production provide Creek Road with a significant cost advantage in conducting it mining Bitcoin operations. Even at current prices (approx. $29,000 per Bitcoin), Creek Road’s mining operations are currently projected to generate a gross profit.
How Is Gross Profit Different From Net Profit?
Two critical profitability metrics for any company include gross profit and net income. Gross profit represents the income or profit remaining after the production costs have been subtracted from revenue. Revenue is the amount of income generated from the sale of a company's goods and services. Gross profit helps investors to determine how much profit a company earns from the production and sale of its goods and services. Gross profit is sometimes referred to as gross income.
On the other hand, net income is the profit that remains after all expenses and costs have been subtracted from revenue. Net income or net profit helps investors determine a company's overall profitability, which reflects on how effectively a company has been managed.https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-net-income.asp
georgie18
4年前
CRKR...$2.42...Bullish Harami Cross Reversal pattern formed here to the Upside...CRKR coming out of the Oversold Position...
Looking for the 100/200 Cross to follow after the 50/200 Crossed late December...imo...we shall see...
Chart... https://schrts.co/vgqrIbij ...
Authorized Shares
100,000,000
01/10/2022
Outstanding Shares
6,811,617
01/10/2022
Restricted
3,378,051
01/10/2022
Unrestricted
3,433,566
01/10/2022
georgie18
4年前
CRKR...$3.50...Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or “Company”) is pleased to announce its plans to begin the process of uplisting to a national securities exchange.
After careful consideration, the Company has selected NYSE American. Creek Road Miners believes that NYSE American provides a unique platform to enhance the Company’s ability to execute on its Five Cornerstone Strategy.
“For Creek Road Miner’s unique model of acquiring traditional energy assets to support the expansion of our cutting-edge cryptocurrency mining operations, NYSE American is clearly the best fit,” commented Mr. Scott D. Kaufman, Chief Executive Officer of Creek Road Miners. Mr. Kaufman added, “Having achieved a number of critical milestones over the past couple of months, we’re looking forward to the uplisting process and the acquisition of energy assets.”
georgie18
5年前
CRKR...$1.70...Grinding out of the Oversold Pincher Squeeze...as the Macd readies to Cross Positive...
Bidding the Open Gaps here...Accumulating this CRYPTO/NFT based Small Float play...in this range...Recently had a Symbol Change from WIZD to CRKR...
Wizard World, a division of Wizard Brands Inc.TM (OTCQB: WIZD), announced today the launch of its three-dimensional non-fungible tokens (3D NFTs) of exclusive items from the Wizard World Vault online marketplace (www.wizardworldvault.com). Compiled from 25 years of events (www.wizardworld.com) and trusted sourcing throughout the pop-culture industry, the Wizard World 3D NFT collectibles are an addition to the 2D NFTs announced earlier this month.
Please visit the company’s website CreekRoadMiners.com for more information and updates.
About Creek Road Miners, Inc. (OTCQB: CRKR)
Creek Road Miners, Inc. (www.creekroadminers.com) will develop, own, and operate ESG-focused mobile bitcoin mining facilities in strategic locations around the United States by creatively leveraging otherwise unusable or underutilized resources.
Wizard World Vault (www.wizardworldvault.com) features some of the most popular memorabilia, along with items from featured artists and exhibitors in the pop-culture world. Fans can interact with Wizard World on its website in addition to Facebook, Twitter, Instagram and other social media services.
https://markets.businessinsider.com/news/currencies/nft-trading-volume-q3-crypto-blockchain-snoop-dogg-axie-infinity-2021-10
NFT trading volume explodes 704% in the 3rd quarter as blockchain games catch fire...
Chart...https://schrts.co/KFawYBvb ...
Authorized Shares
80,000,000
10/04/2021
Outstanding Shares
3,981,634
10/04/2021
Restricted
2,711,384
10/04/2021
Unrestricted
1,270,250
10/04/2021
Held at DTC
1,169,195
10/04/2021
Float
783,792
05/14/2021