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1st NRG Corp (FNRC)

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Last Post: 8/22/2017 4:19:11 PM - Followers: 231 - Board type: Free - Posts Today: 7

1st NRG Corp. 
Business Description

1st NRG Corp. (OTCBB: FNRC.PK) is an exploration and production company headquartered in Denver, Colorado. Our activity has been centered upon the development of coal bed methane reserves in Wyoming where through our wholly owned subsidiary operate and hold a working interest in 43 producing wells and 3,018 undeveloped acres. The undeveloped acreage could be permitted for up to 36 additional locations which are characterized by what we believe to be low geologic risk, a repeatable development opportunity and are offsetting wells which all demonstrated developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations. 

In 2014 we expanded our activities into a development of acreage in SE Ohio encompassing approximately 7,000 acres. We hold a 35% working interest in a development well where we are proceeding in the completion of the Beekmantown Dolomite. We currently hold 100% of the offset development rights.Conasauga and Beekmantown formations in Ohio.

The Company has recently taken over operations in Wyoming where we hold interests in 43 wells and 2,821 undeveloped acres.
The undeveloped acreage within the field could be permitted for 35 locations which are characterized by what we believe to be
low geologic risk, a repeatable development opportunity and are offsetting wells which all demonstrated developed coal seams
in the Schwartz, Anderson, Canyon, Cook and Wall formations.

 
$FNRC Recent News: 1st NRG Corp Announces LOI for over 600 Wells and Gives Corporate Update: 
https://finance.yahoo.com/news/1st-nrg-corp-announces-loi-133000248.html 

DENVER, CO--(Marketwired - Jan 25, 2017) - 1st NRG Corp. ( OTC PINK : FNRC ), an exploration and production company headquartered in Denver, Colorado, has issued its monthly corporate update to shareholders on the Company's progress. 

The Company has entered into a Letter of Intent to purchase over 600 coal bed methane wells through its wholly owned subsidiary 1st NRG Wyoming. These wells were producing over 2,500 mcfd prior to being shut in and we are currently negotiating the purchase and sale agreement. 

In November, the company announced the potential acquisition of a natural gas gathering system. The system covers over 364 miles and gives the Company access to over 100,000 acres of potential development. We are negotiating the purchase and sale agreement right now and hope to close in Q1 2017. 

The Company expanded its activities into Ohio participating in a development of prospective acreage encompassing approximately 7,000 acres. In 2014, a vertical test well was drilled, logged, cored and cased to a depth of approximately 7,620 feet, testing the Utica Shale but ultimately completed in the Beekmantown Dolomite. The well has been acidized and pumping equipment has been installed, we estimate our share of reserves to be 251 MCFE and production to begin January 2017 weather permitting. 

The Company plans to bring the Clabaugh Ranch field in Wyoming back into production Q1 2017 where we estimate our reserves at Clabaugh Ranch to be approximately 18.7 BCF. 

The Company is in discussions to raise $25-30 million dollars for the announced acquisitions and for these and others that are planned. 
 
Contact Info
  • 1531 Stout Street
    #607
    Denver, CO 80202
FNRC Security Details
Share Structure
  Market Value1 $2,299,328 a/o Feb 01, 2017
  Authorized Shares 20,000,000,000 a/o Nov 11, 2016
  Outstanding Shares 5,748,319,880 a/o Nov 11, 2016
  -Restricted Not Available
  -Unrestricted Not Available
  Held at DTC Not Available
  Float 747,569,685 a/o Nov 11, 2016

 



 


 

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PostSubject
#16678   Haha! Good one. I'm rolling on the floor laughing. The2ndAmendment 08/22/17 04:19:11 PM
#16677   Agreed. Trash stock, trash company, all BS The2ndAmendment 08/22/17 04:17:01 PM
#16676   Agreed WG1mil 08/22/17 04:15:58 PM
#16675   I'm hoping they are working on something, but iwant1mil 08/22/17 04:00:39 PM
#16674   I'm already holding a duffle bag filled with WG1mil 08/22/17 03:52:49 PM
#16673   Most likely a trick to sell more diluted iwant1mil 08/22/17 03:46:22 PM
#16672   What were these dots that were connected WG1mil 08/22/17 03:31:27 PM
#16671   Connecting dots.... flash6 08/21/17 04:02:09 PM
#16670   Well load up bro, BMIC has a ton iwant1mil 08/21/17 03:49:25 PM
#16669   ??? WG1mil 08/21/17 11:24:55 AM
#16668   nice volume this morning anyway..... jet101 08/21/17 10:55:38 AM
#16667   Not much to do but maintain patience The_Edge 08/21/17 10:28:30 AM
#16666   Let's hear it Donutman 08/21/17 09:42:22 AM
#16665   I have connected dots, that I will graciously Paraceratherium 08/21/17 09:10:01 AM
#16664   Buying stocks before releasing real info is illegal. iwant1mil 08/20/17 05:48:07 PM
#16663   We will speak in code then so no WG1mil 08/20/17 04:33:24 PM
#16662   I have some interesting information to share with Paraceratherium 08/20/17 03:54:47 PM
#16661   It will remain dead, because BMIC continue dumping. iwant1mil 08/17/17 02:42:58 PM
#16660   I have just shy of 2 mill left Elkay11 08/17/17 02:02:26 PM
#16659   Start of last pulp peaked at .0018.... I WG1mil 08/17/17 01:20:33 PM
#16658   Stock was dead already when we bought, but Paraceratherium 08/17/17 12:35:18 PM
#16657   This stock is dead. Hope for a Engineer in Colorado 08/17/17 11:36:57 AM
#16656   Anyone wanna average down? 4mill @ 0001 for sale now Elkay11 08/17/17 09:58:51 AM
#16655   Haha I feel like you just had a WG1mil 08/16/17 08:27:25 PM
#16654   terrible TRUSTUNITS1000000 08/16/17 07:00:34 PM
#16653   a while back I thought we were going TRUSTUNITS1000000 08/16/17 07:00:26 PM
#16652   management hold a lot TRUSTUNITS1000000 08/16/17 07:00:02 PM
#16651   maybe they need to drill TRUSTUNITS1000000 08/16/17 06:59:50 PM
#16650   This should be worth a few million TRUSTUNITS1000000 08/16/17 06:59:38 PM
#16649   this is a scam TRUSTUNITS1000000 08/16/17 06:58:44 PM
#16648   trading at a shell prices, maybe r/m, told TRUSTUNITS1000000 08/16/17 06:58:32 PM
#16647   buying at 0.0001 might not be a bad TRUSTUNITS1000000 08/16/17 06:57:42 PM
#16646   terrible what happened here, lost 1000's TRUSTUNITS1000000 08/16/17 06:57:05 PM
#16645   Fizzle or Sizzle? What’s Behind the Numbers For klimanjaro 08/16/17 02:17:29 PM
#16644   t p nl has doubled since my first mrdecember123 08/16/17 09:39:58 AM
#16643   Haha, lucky you The2ndAmendment 08/16/17 07:11:09 AM
#16642   I would be too but I'm down $2k... WG1mil 08/15/17 09:38:29 PM
#16641   Happy to say I'm out. GLTA Estate1 08/15/17 04:49:44 PM
#16640   This stock was pumped on the opening of Paraceratherium 08/15/17 03:53:47 PM
#16639   All pumps appear to be non-producing..includes Wyoming, Ohio earl34 08/15/17 12:08:16 PM
#16638   PSA is dead and Ohio is also as goforit1 08/15/17 11:12:08 AM
#16637   Agreed but it will show a trend of WG1mil 08/15/17 10:18:14 AM
#16636   Any changes year over year good or bad BACKinBLACK78 08/15/17 10:07:17 AM
#16635   I/we need to compare q1 to q2 for WG1mil 08/15/17 09:38:03 AM
#16634   Maybe with September around the corner we can BACKinBLACK78 08/15/17 09:36:46 AM
#16633   But it's a weak one BACKinBLACK78 08/15/17 09:29:16 AM
#16632   We have a pulse MeltedViking 08/15/17 09:23:01 AM
#16631   https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=177464 WG1mil 08/15/17 08:47:08 AM
#16630   Link? castmaster 08/15/17 08:43:55 AM
#16629   Filings out! WG1mil 08/15/17 08:05:43 AM
PostSubject