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1st NRG Corp (FNRC)

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Last Post: 5/24/2017 4:31:33 PM - Followers: 231 - Board type: Free - Posts Today: 22

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: 

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
    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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Current Price
Bid Ask Day's Range
#15156  Sticky Note Float 1,497,570,323 a/o Mar 10, 2017 threewheeler 04/13/17 08:24:39 AM
#15821   Inked deal will justify the dilution...FNRC's management does floridaboy 05/24/17 04:31:33 PM
#15820   I just picked up another milly @.0002. Let Davein3D 05/24/17 04:22:36 PM
#15819   Dilution for financing. Elkay11 05/24/17 04:01:55 PM
#15818   Dillution? Anyone got a look at L2? Its DaArkForce 05/24/17 03:56:34 PM
#15817   Someone is trying to crash this stock - Engineer in Colorado 05/24/17 03:50:17 PM
#15816   Makes no sense, personally. I've been holding for DaArkForce 05/24/17 03:46:58 PM
#15815   Why are people selling at 0.0002? I Engineer in Colorado 05/24/17 02:41:58 PM
#15814   They said closing this month, so less than iwant1mil 05/24/17 01:41:05 PM
#15813   1 mil (bid) x 193 mil (ask) Kid-Gloves 05/24/17 01:17:15 PM
#15812   FNRC lets hope they can announce closing very soon threewheeler 05/24/17 12:51:34 PM
#15811   True but all shares were scooped up. I WG1mil 05/24/17 10:43:06 AM
#15810   Yeah but at the same time there were DaArkForce 05/24/17 10:40:05 AM
#15809   I probably should be concerned but I'm not. WG1mil 05/24/17 10:37:59 AM
#15808   I'm fairly new to situations like this but DaArkForce 05/24/17 10:13:17 AM
#15807   Well i just got back on the boat.. Dr Martin VanNostrand 05/24/17 09:58:50 AM
#15806   On the bobs...weeeee starman2 05/24/17 09:43:57 AM
#15805   Agreed. Gonna be hard to stay focused MeltedViking 05/24/17 09:17:13 AM
#15804   Interesting session ahead... floridaboy 05/24/17 09:14:58 AM
#15803   Winds of change blowing FNRC's way? Sentti 05/24/17 08:42:15 AM
#15802   Winds of change blowing FNRC's way? floridaboy 05/24/17 07:44:44 AM
#15801   All this info was posted already. Go to Dr Martin VanNostrand 05/24/17 07:24:44 AM
#15800   Rumour? Share with us your source. The deal alsteps 05/24/17 12:24:48 AM
#15799   The Company is in discussions to raise $25-30 Malone 05/23/17 08:10:34 PM
#15798   The Company has recently taken over operations in Malone 05/23/17 08:09:17 PM
#15797   The Company has entered into a Letter of Malone 05/23/17 08:08:06 PM
#15796   Thinking the deal is going to close end Malone 05/23/17 08:06:54 PM
#15795   Yes it was. Tip toed 3. Seems like WG1mil 05/23/17 07:03:15 PM
#15794   Interesting session today @ FNRC... floridaboy 05/23/17 05:32:47 PM
#15793   POSTED IN PISTOL PETES GROUP AND WHALE TEAM. WG1mil 05/23/17 02:41:14 PM
#15792   I hear ya brother! DeltaSierra 05/23/17 02:39:42 PM
#15791   God is good! I pray the gamble pays ezbnsteve 05/23/17 02:24:41 PM
#15790   Good score at that price. Elkay11 05/23/17 02:21:34 PM
#15789   :D Elkay11 05/23/17 02:20:53 PM
#15788   You have enough. No more for you 8/ Elkay11 05/23/17 02:20:27 PM
#15787   Well. I'm buying 116M shares...I'm stuck somewhere right ezbnsteve 05/23/17 02:12:38 PM
#15786   Really, I'm calling you out on that. Cuz I'm Elkay11 05/23/17 02:09:26 PM
#15785   As far as I can tell, I am ezbnsteve 05/23/17 01:25:41 PM
#15784   Looking nice FNRC!! This can be huge, IMO! Sentti 05/23/17 01:22:58 PM
#15783   Good volume today. This will make FNRC Elkay11 05/23/17 12:47:39 PM
#15782   Right ! it is not really a dump, klimanjaro 05/23/17 12:38:16 PM
#15781   Another huge dump - unreal. DaArkForce 05/23/17 12:34:38 PM
#15780   Players changing...Interest is here, inked deal and we're floridaboy 05/23/17 11:11:36 AM
#15779   Big dump @ .0002 though, probably going back DaArkForce 05/23/17 10:43:42 AM
#15778   finally L2 is back to 0.0002x0.0003! WG1mil 05/23/17 10:19:43 AM
#15777   HEY HEY ! POP GOES TE WEASEL !88 klimanjaro 05/23/17 10:18:45 AM
#15776   Told you! Tons of profit takers at .0003 DaArkForce 05/23/17 10:11:57 AM
#15775   looks like someone knocked that wall out FuelEvolution 05/23/17 09:51:08 AM
#15774   Nice action early on FNRC... floridaboy 05/23/17 09:47:39 AM
#15773   All quiet before the proverbial storm. Really hoping DaArkForce 05/22/17 11:34:18 AM
#15772   You have nothing to lose . This is klimanjaro 05/22/17 10:36:12 AM