SEC Filing Analysis: Prairie Operating Co. (PROP)

Executive Summary

• Trading Significance: High
• Key Takeaway: A major 10% owner, Narrogal Nominees Pty Ltd, executed a series of substantial open-market purchases totaling over $2 million, significantly increasing its ownership to nearly 30% of the company.
• Market Impact: This transaction is highly significant, representing 2.28% of the company's total market capitalization and 2.41% of its shares outstanding, indicating strong insider conviction.

Company Information

Field	Value
Company	Prairie Operating Co.
Ticker Symbol	PROP
CIK	0001162896
Industry	Crude Petroleum & Natural Gas

Insider Information

Field	Value
Name	Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust
CIK	0002001258
Title/Position	null
Relationship	10% Owner

Transaction Details

This filing reports an aggregation of seven separate purchase transactions occurring between November 20, 2025, and December 15, 2025.

Field	Value
Form Type	4
Transaction Date	2025-12-15
Transaction Code	P (Open market purchase)
Security Type	Common Stock
Shares Involved	1,213,412
Price Per Share	$1.6853 - $1.7197 (Weighted Avg: ~$1.694)
Total Value	$2,055,482
Shares Owned After	14,993,279
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$2,055,482
% of Market Cap	2.28%
Shares Transacted	1,213,412
% of Shares Outstanding	2.41%
Post-Transaction Ownership	14,993,279 shares (29.82% of outstanding)
Materiality Assessment	Highly Significant

Impact Evaluation

• Market Cap Context: For Prairie Operating Co., a nano-cap company with a market capitalization of $90 million, a single insider group purchasing over $2 million in stock is an exceptionally large and material event.
• Ownership Concentration: The transaction boosts the insider's holdings from approximately 27.4% to 29.82% of all outstanding shares. This demonstrates a significant consolidation of ownership and a strong belief in the company's future value.
• Dilution Impact: Not applicable, as this was an open-market purchase, which does not create new shares or dilute existing shareholders.
• Transaction Significance: The purchase exceeds the thresholds for high significance on both value and volume metrics (>1% of market cap and >0.5% of shares outstanding). This is a clear and powerful signal from a key stakeholder.

Market Impact Analysis

Stock Impact Prediction

• Direction: Positive
• Reasoning: A highly material open-market purchase by an already significant 10% owner is one of the strongest bullish signals in insider trading analysis. The size of the purchase relative to the company's market cap suggests a high level of confidence from the insider.

Volume & Sentiment

• Expected Volume Impact: The news of this substantial insider buy could lead to increased investor interest and trading volume in the short term.
• Sentiment Indicator: Bullish. The action demonstrates a strong belief from a well-informed party that the stock is undervalued at current prices.

Investment Insights

Positive Market Indicators

• A 10% owner is aggressively increasing their position.
• The total investment is a very large percentage (2.28%) of the company's market value.
• The purchase significantly increases the insider's already large stake, reinforcing their long-term commitment.

Risk Factors

• The company operates in the volatile crude petroleum and natural gas industry.
• As a nano-cap stock, it may be subject to higher volatility and lower liquidity.

Key Takeaways

1. High Conviction Buy: An insider group invested over $2 million, a substantial sum for a $90 million company.
2. Significant Ownership Increase: The insider now controls nearly 30% of the company, aligning their interests very closely with those of other shareholders.
3. Material Event: The transaction's size relative to the company's market cap and shares outstanding makes it a highly noteworthy event for investors to consider.

Additional Context

Transaction Notes

• Timing: The purchases were spread across several weeks, culminating in a large 800,000 share purchase on December 15, 2025.
• Special Circumstances: The filing was made on behalf of three related entities: Gregory K. O'Neill, Narrogal Nominees Pty Ltd (for which he is sole director), and the family trust. This structure consolidates the reporting of a single controlling individual's interest.
• Market Environment: The purchases were made at prices around $1.70 per share, indicating the insider sees value at this level.

---

Important Disclaimer

This analysis is for informational and educational purposes only and is NOT investment advice.

The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal.

Always consult with a qualified financial advisor before making any investment decisions.

---

Data Sources:

• SEC EDGAR Filings (Official)
• Analysis Generated: 2025-12-16

Join Our Community:

• 💬 Discord Community - Real-time alerts & discussions
• 📊 View Original SEC Filing

---

This post is automated and based on publicly available SEC EDGAR filings. All data is sourced directly from official SEC databases.