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1st NRG Corp (FNRC)

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Last Post: 4/24/2017 7:58:22 PM - Followers: 237 - Board type: Free - Posts Today: 0

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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FNRC
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PostSubject
#15156  Sticky Note Float 1,497,570,323 a/o Mar 10, 2017 http://www.otcmarkets.com/stock/FNRC/profi threewheeler 04/13/17 08:24:39 AM
#15155  Sticky Note 1st NRG Corp – Issues a Corporate update threewheeler 04/13/17 08:23:03 AM
#12953  Sticky Note Float 1,497,739,084 a/o Feb 23, 2017 The StockRocket 03/11/17 05:25:54 PM
#12211  Sticky Note 1st NRG Corp – Follow Us on Our Mistr Tommy 03/10/17 09:50:26 AM
#15391   Yup, on top of my original $800 investment Miami Sun 04/24/17 07:58:22 PM
#15390   ERH# update FNRC should be getting one as threewheeler 04/24/17 04:07:54 PM
#15389   Are your preferred shares a big fat zero$ OnTheBoat 04/24/17 04:02:01 PM
#15388   Largest 2 trades today were Buys. FNRC looking good. iwant1mil 04/24/17 03:26:58 PM
#15387   Patience...When 3's start getting hit hard this time, floridaboy 04/24/17 02:29:25 PM
#15386   Thank you goforit1 04/24/17 02:18:26 PM
#15385   thanks for the post, yep, hold tight klimanjaro 04/24/17 02:09:00 PM
#15384   yellow are cross trades, think between MMs, as threewheeler 04/24/17 01:44:44 PM
#15383   Go to Tools-->Data Tools-->Trades and you can see iwant1mil 04/24/17 12:51:36 PM
#15382   333+ mil and no movement in any direction? goforit1 04/24/17 12:44:41 PM
#15381   we hit 1 today? 2 90mil trades WG1mil 04/24/17 11:40:36 AM
#15380   It looks to be selling, check out the The2ndAmendment 04/24/17 11:23:37 AM
#15379   333,660,000 + . Yep that is what you klimanjaro 04/24/17 11:14:18 AM
#15378   Guys, what just happened? My tda is showing The2ndAmendment 04/24/17 11:05:12 AM
#15377   One of the main reasons I'm holding onto MeltedViking 04/24/17 09:31:04 AM
#15376   Insiders hold 5 of the 7 though...FNRC management floridaboy 04/24/17 07:42:16 AM
#15375   Here's where I found the ~7 billion O/S: https://www.otcmarkets.com/financialRe The2ndAmendment 04/24/17 06:47:24 AM
#15374   This it still has a shot to hit WG1mil 04/23/17 09:42:47 PM
#15373   lol, I agree. My average is a little The2ndAmendment 04/23/17 02:45:04 PM
#15372   Sooner the better, but this waiting game is floridaboy 04/23/17 01:56:15 PM
#15371   FNRC had more BUY days than sell days goldpenny7 04/23/17 01:19:01 PM
#15370   So with all the dilution that has gone goforit1 04/23/17 01:09:37 PM
#15369   I'm hoping it's very soon. The PR in The2ndAmendment 04/23/17 10:53:32 AM
#15368   Careful here, company did a r/s a few Miami Sun 04/23/17 09:14:55 AM
#15367   FNRC inks that deal, which it appears they're floridaboy 04/22/17 01:40:46 PM
#15366   I sent them the same a while back threewheeler 04/22/17 12:50:30 PM
#15365   Haha right? Wouldn't mind doing that at all... The2ndAmendment 04/22/17 06:17:03 AM
#15364   And weight in on how I can loan WG1mil 04/21/17 09:25:40 PM
#15363   I'm not sure what it really is... The The2ndAmendment 04/21/17 09:21:57 PM
#15362   Hmmm so is this dilution so the OS WG1mil 04/21/17 08:39:15 PM
#15361   Sorry, gave you wrong page. It's on page The2ndAmendment 04/21/17 06:37:13 PM
#15360   the filing shows 6.2bil? WG1mil 04/21/17 05:06:15 PM
#15359   Hope so. Chart says it's time for another run. iwant1mil 04/21/17 04:57:31 PM
#15358   I got those from the financial filings on The2ndAmendment 04/21/17 04:55:34 PM
#15357   I think news may be appearing next week? ROCKER67 04/21/17 04:27:07 PM
#15356   looks like most agree 98% buys today FNRC threewheeler 04/21/17 03:55:31 PM
#15355   Where did these numbers come from? OTC WG1mil 04/21/17 02:27:37 PM
#15354   I'm hoping FNRC will stop diluting and let iwant1mil 04/21/17 01:47:11 PM
#15353   I agree there is no reason not to Mfbosox 04/21/17 01:22:09 PM
#15352   well I dont see any point in ur threewheeler 04/21/17 12:48:01 PM
#15351   Whatever amount BMIC first post will remains all iwant1mil 04/21/17 12:45:12 PM
#15350   BMIC showing real # atleast and not that threewheeler 04/21/17 12:18:17 PM
#15349   BMIC appears whenever the company places a block iwant1mil 04/21/17 11:24:16 AM
#15348   News soon? In and holding at .0002 djnicky07 04/21/17 10:41:03 AM
#15347   All retail this morning... floridaboy 04/21/17 10:21:39 AM
#15346   That makes sense, since he's usually holding stocks Almost A Myth 04/21/17 10:21:20 AM
#15345   MY thought is he backed off 5 cents Mfbosox 04/21/17 10:18:34 AM
#15344   BMIC sitting at .0503. I'm wondering if Almost A Myth 04/21/17 09:56:12 AM
#15343   Nice to see BMIC not opening up on Mfbosox 04/21/17 09:32:22 AM
#15342   Nice to see BMIC not opening up on Mfbosox 04/21/17 09:32:22 AM
PostSubject