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Filing Details

Accession Number:: 0001493152-23-034465
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-27 19:23:02
Reporting Period:: 2023-09-26

Accepted Time:: 2023-09-27 19:23:02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1162896	Prairie Operating Co.	CRKR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1113835	L. Paul Kessler	555 Marin Street, Suite 140 Thousand Oaks CA 91360		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-09-26	40,821	$0.00	10,976,011	No	4	P	Indirect	By affiliate

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By affiliate

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Series Preferred Stock	Series D Preferred Stock	Acquisiton	2023-09-12	1,213,485	$0.00	1,213,485	$0.00
Warrant	Warrant	Acquisiton	2023-09-12	2,426,966	$0.00	2,426,966	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,213,485			No	4	A	Indirect
2,426,966			No	4	A	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	31,071,922	Indirect	By affiliates

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Convertible Debenture	Convertible Debenture	$0.00	5,714,286	5,714,286	Indirect
Series Preferred Stock	Series D Preferred Stock	$0.00	21,560,000	21,560,000	Indirect
Warrant	Warrant	$0.00	14,285,714	14,285,714	Indirect

Amount	Remaning Holdings	Nature of Ownership
5,714,286	5,714,286	Indirect
21,560,000	21,560,000	Indirect
14,285,714	14,285,714	Indirect

Footnotes

Bristol Investment Fund, Ltd. ("BIF") holds a convertible debenture with principal amount of $1,000,000, convertible at $0.175 per share, due 12/31/23 (amended and restated debenture received in connection with the May 2023 merger with Creek Road Miners, Inc.) and 3,773 shares of Series D Preferred Stock (with stated value of $1,000) convertible at $0.175 per share, with no due date, received in connection with merger
212.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, acquired in September 2023 pursuant to Securities Purchase Agreement ("SPA") by and between Bristol Investment Fund, Ltd. ("BIF") and another investor. Pursuant to the SPA, BIF also acquired a Series D "A" warrant for 1,231,483 shares (expires May 2028) and a Series D "B" warrant for 1,213,483 shares (expires May 2024)
Mr. Kessler has voting and dispositive control over the following securities: (i) 20,095,911 shares of common stock held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC) and (ii) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC") (BC acquired 40,821 shares in September 2023 as payment of consulting services). In connection with Issuer's merger with Creek Road Miners, Inc. in May 2023, BIF acquired warrants to purchase a total of 14,285,714 shares of common stock of the Issuer, half of which expire in May 2024 with the other half expiring in May 2028.