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1st NRG Corp (FNRC)

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Last Post: 3/24/2017 11:21:30 AM - Followers: 247 - Board type: Free - Posts Today: 24

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
#13032  Sticky Note INSIDERS OWN 5 BILLION OF THE 6.5 BILLION StockRocket 03/12/17 11:57:47 AM
#12954  Sticky Note THIS IS HUGE: 1st NRG Corp – Announces StockRocket 03/11/17 05:27:27 PM
#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
#11853  Sticky Note FNRC DD .. Notes, Links etc.. The_Edge 01/28/17 04:51:59 PM
#14345   VOLUME HAS DROPPED RIGHT OFF :( Orangefan1974 03/24/17 11:51:28 AM
#14344   Same here Gnewton14 03/24/17 11:21:30 AM
#14343   Meant buys that move the stock green. We close Drachenforce 03/24/17 11:18:37 AM
#14342   220milly bid at .0003 / 6.5milly ask on .0004 Alinswift 03/24/17 11:09:34 AM
#14341   beginning to feel like a scam, holding a goforit1 03/24/17 11:09:28 AM
#14340   like watching paint dry... Gnewton14 03/24/17 10:46:29 AM
#14339   .0003 here we come.... No buying volume coming that Drachenforce 03/24/17 10:45:29 AM
#14338   nice and easy today, consolidating/ 1st NRG Corp (FNRC)' mick 03/24/17 10:24:32 AM
#14337   FNRC silence before boom. Goodwills 03/24/17 10:22:23 AM
#14336   Not willing to back up your claims huh? moegreenbacks 03/24/17 10:20:33 AM
#14335   it's your money, ffs. Why should i do mrdecember123 03/24/17 10:17:41 AM
#14334   churn till retail decides to play it smart koolmc 03/24/17 10:01:57 AM
#14333   I believe my issue was with you misrepresenting moegreenbacks 03/24/17 09:48:34 AM
#14332   Added more shares @ 0004 Sentti 03/24/17 09:36:59 AM
#14331   what is wrong w/a bitter investor sharing? EVERYTHING mrdecember123 03/24/17 09:35:38 AM
#14330   This shit will never move until the MMs Drachenforce 03/24/17 09:34:07 AM
#14329   thank you, oversold, 03-4-2017 FNRC mick 03/24/17 09:17:43 AM
#14328   Pretty sure I didn't imply anywhere in my moegreenbacks 03/24/17 09:11:25 AM
#14327   fnrc has indeed done this before: so-called "news" mrdecember123 03/24/17 08:39:34 AM
#14326   Just a thought... I know we are all moegreenbacks 03/24/17 08:12:33 AM
#14325   http://www.reuters.com/article/us-usa-pipeline-keystone-idUSKBN16V1BR The Keyto The2ndAmendment 03/24/17 08:05:56 AM
#14324   Isn't bad news generally released on Friday, to The2ndAmendment 03/24/17 07:46:55 AM
#14323   is there a day of the week that's Dirty Rat 03/24/17 07:45:04 AM
#14322   FNRC at 0004. 52wk Range 0.0002-0.1000$. Float 1,497,570,323 Goodwills 03/24/17 05:47:17 AM
#14321   I agree. That news is vital, or at The2ndAmendment 03/23/17 08:58:36 PM
#14320   Can't wait to look at my portfolio when RWpinksheet 03/23/17 06:15:26 PM
#14319   i agree, looking to 0.001's '1st NRG Corp (FNRC)' mick 03/23/17 05:52:45 PM
#14318   Next week is the last week of March. Dirty Rat 03/23/17 04:34:17 PM
#14317   yup...I happen to have it up on my MrK 03/23/17 04:26:09 PM
#14316   that is dumb trading 101...someone got whacked at MOMO 03/23/17 04:20:58 PM
#14315   No news lol. I think thats the 800 The2ndAmendment 03/23/17 04:09:09 PM
#14314   nice. it's itching for another run.. come on TradeForProfits 03/23/17 04:08:49 PM
#14313   I got 5's on Tuesday so I'll wait jet101 03/23/17 04:06:58 PM
#14312   Well... floridaboy 03/23/17 04:05:33 PM
#14311   4x5 again... enough 4's, lets work on 5's TradeForProfits 03/23/17 03:56:26 PM
#14310   Not until whoever is trying so hard get jet101 03/23/17 03:43:25 PM
#14309   As they say..."volume precedes price"...! Loving the volume... rolo731 03/23/17 03:42:15 PM
#14308   agreed. seen it a few times here, stackers TradeForProfits 03/23/17 03:40:37 PM
#14307   Yeah no doubt...stupid traders losing a lot of MrK 03/23/17 03:38:19 PM
#14306   oops 4 ask gone :) $FNRC TradeForProfits 03/23/17 03:37:51 PM
#14305   Any insight on what just happened? moegreenbacks 03/23/17 03:36:47 PM
#14304   good adds here ahead of acquisition news :) TradeForProfits 03/23/17 03:36:18 PM
#14303   great job stackers MOMO 03/23/17 03:22:27 PM
#14302   .0005's hittin MOMO 03/23/17 02:35:54 PM
#14301   will be good once we clear this lil stacker MOMO 03/23/17 02:04:23 PM
#14300   lot of chat on '1st NRG Corp (FNRC)' mick 03/23/17 01:57:08 PM
#14299   Exactly too obvious MrK 03/23/17 01:48:47 PM
#14298   don't let the short bus crew in at MOMO 03/23/17 01:46:28 PM
#14297   Buy some 0.0005 and then sit on the $kytrader 03/23/17 01:42:13 PM
#14296   Well I guess it pays off to sit Drachenforce 03/23/17 01:24:36 PM
PostSubject