Prairie Operating Co. Announces Board Resignation
Prairie Operating Co. (Nasdaq: PROP) announced the resignation of Paul L. Kessler from its Board of Directors, effective October 30, 2024. Kessler cited time constraints from scheduling and professional commitments as the reason for his departure. The company's Nomination and Governance Committee will begin searching for independent candidates with technical basin knowledge to fill the vacancy, as Prairie continues its drilling and acquisition growth strategy in the Denver-Julesburg (DJ) Basin.
Prairie Operating Co. (Nasdaq: PROP) ha annunciato le dimissioni di Paul L. Kessler dal suo Consiglio di Amministrazione, con effetto dal 30 ottobre 2024. Kessler ha citato vincoli di tempo dovuti a impegni professionali come motivo della sua partenza. Il Comitato di Nomina e Governance dell'azienda inizierà a cercare candidati indipendenti con conoscenze tecniche della zona per coprire la posizione vacante, mentre Prairie continua la sua strategia di crescita nel drilling e nelle acquisizioni nel Bacino di Denver-Julesburg (DJ).
Prairie Operating Co. (Nasdaq: PROP) anunció la renuncia de Paul L. Kessler de su Junta Directiva, con efecto a partir del 30 de octubre de 2024. Kessler citó restricciones de tiempo debido a compromisos profesionales como la razón de su partida. El Comité de Nominación y Gobernanza de la empresa comenzará a buscar candidatos independientes con conocimientos técnicos de la cuenca para cubrir la vacante, mientras Prairie continúa su estrategia de crecimiento en perforaciones y adquisiciones en la Cuenca de Denver-Julesburg (DJ).
프레리 오퍼레이팅 컴퍼니(Prairie Operating Co.) (나스닥: PROP)는 폴 L. 케슬러(Paul L. Kessler)가 2024년 10월 30일부로 이사회를 사임한다고 발표했습니다. 케슬러는 일정 및 직업적 의무로 인한 시간 제한을 사임 이유로 설명했습니다. 회사의 추천 및 관리 위원회는 덴버-줄레스버그(DJ) 분지에서의 드릴링 및 인수 성장 전략을 지속하는 가운데, 공석을 채우기 위해 기술적인 분지 지식이 있는 독립적인 후보자를 찾기 시작할 것입니다.
Prairie Operating Co. (Nasdaq: PROP) a annoncé la démission de Paul L. Kessler de son Conseil d'Administration, effective au 30 octobre 2024. Kessler a cité des contraintes de temps liées à ses engagements professionnels comme raison de son départ. Le Comité des Nominations et de la Gouvernance de l'entreprise commencera à rechercher des candidats indépendants ayant des connaissances techniques sur le bassin pour combler le poste vacant, tandis que Prairie poursuit sa stratégie de croissance en matière de forage et d'acquisition dans le Bassin de Denver-Julesburg (DJ).
Prairie Operating Co. (Nasdaq: PROP) gab die Rücktrittserklärung von Paul L. Kessler aus dem Board of Directors bekannt, mit Wirkung zum 30. Oktober 2024. Kessler nannte Zeitbeschränkungen durch Terminpläne und berufliche Verpflichtungen als Grund für seinen Rücktritt. Das Nominierungs- und Governance-Komitee des Unternehmens wird auf der Suche nach unabhängigen Kandidaten mit technischen Kenntnissen der Region beginnen, um die Vakanz zu besetzen, während Prairie weiterhin seine Wachstumsstrategie in der Bohr- und Akquisitionsbranche im Denver-Julesburg (DJ) Basin verfolgt.
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HOUSTON, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) -- 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 Ploegsma
info@prairieopco.com
832.274.3449
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