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1st NRG Corp (FNRC)

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Last Post: 11/20/2017 1:33:27 PM - Followers: 223 - 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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PostSubject
#17078   I like where BMIC is at .20, however alsteps 11/20/17 01:33:27 PM
#17077   Slow week, if it can get any slower IMO goforit1 11/20/17 10:24:37 AM
#17076   BMIC at .2001?? more signals? goforit1 11/20/17 09:56:22 AM
#17075   BMIC back at 0001, not good IMO goforit1 11/17/17 02:22:37 PM
#17074   Do thee jerks have a working email address? AUDIO GUY 11/17/17 01:43:45 PM
#17073   No communication equals no progress. Starting to earl34 11/17/17 09:58:54 AM
#17072   For taxes? Donutman 11/16/17 03:37:32 PM
#17071   RUN soon, are they still working on the financing TRUSTUNITS1000000 11/16/17 02:15:48 PM
#17070   coal = diamonds TRUSTUNITS1000000 11/16/17 02:10:58 PM
#17069   lets the properties be worth billions jmo TRUSTUNITS1000000 11/16/17 02:10:42 PM
#17068   no buyers or sellers TRUSTUNITS1000000 11/16/17 02:09:52 PM
#17067   no buyers or sellers TRUSTUNITS1000000 11/16/17 02:09:50 PM
#17066   And BMIC now back out to .05 again. alsteps 11/16/17 12:56:37 PM
#17065   Not a good sign goforit1 11/16/17 08:33:00 AM
#17064   No filing today..... :-/ WG1mil 11/15/17 09:31:31 PM
#17063   Pinks Required: For each Fiscal Quarter End, upload goforit1 11/15/17 02:32:55 PM
#17062   Need + news/good financials! goforit1 11/15/17 10:46:22 AM
#17061   Seeing BMIC at 0002 is definiately a sign alsteps 11/14/17 03:29:11 PM
#17060   time to stay off the 0001s IMO, go goforit1 11/14/17 09:41:30 AM
#17059   BMIC at 0002, getting ready?? goforit1 11/14/17 09:39:56 AM
#17058   At least someone took out the Bid. Awaiting alsteps 11/13/17 02:19:59 PM
#17057   FNRC Security Details moegreenbacks 11/13/17 02:07:26 PM
#17056   .0001s available folks!! Get em while you can! cnote420 11/13/17 02:04:59 PM
#17055   Financials should be out We’d., goforit1 11/13/17 01:00:05 PM
#17054   Is Wednesday the day of financials? Or are alsteps 11/13/17 12:48:12 PM
#17053   Wed. should provide insight, goforit1 11/13/17 11:03:52 AM
#17052   GM all Goodwills 11/13/17 10:31:50 AM
#17051   US otc ECAOF Bid 0.3088, Ask/offer 0.335 klimanjaro 11/13/17 10:28:02 AM
#17050   BMIC sitting at .2501, I wish I knew goforit1 11/13/17 09:26:17 AM
#17049   Oil And Gas Industry Future Looks 'Attractive' klimanjaro 11/13/17 05:00:25 AM
#17048   Yeah, doesn't make much sense...or cents...or dollars. Maybe cnote420 11/12/17 03:09:11 PM
#17047   Yeah, it's over now that BMIC is back iwant1mil 11/10/17 04:50:39 PM
#17046   I'm actually glad to hear retail goes thru cnote420 11/10/17 03:06:51 PM
#17045   my etrade go thru NITE mostly goforit1 11/10/17 02:58:22 PM
#17044   I see my TDA trades go thru ETRF cnote420 11/10/17 02:43:28 PM
#17043   of the MM on level 2 NITE & goforit1 11/10/17 02:33:07 PM
#17042   never got enough upward vol. to goforit1 11/10/17 11:32:56 AM
#17041   Yeah, way to kill the momo BMIC. How cnote420 11/10/17 10:34:56 AM
#17040   BMIC came back in, this has all goforit1 11/10/17 10:30:19 AM
#17039   Actually, for FNRC to resurrect we need for earl34 11/09/17 05:06:52 PM
#17038   For this to resurrect folks need to stop goforit1 11/09/17 04:35:55 PM
#17037   Just added another 400k. 1.4m 1s today. Cmon cnote420 11/09/17 03:44:30 PM
#17036   Mm’s playing games. Malone 11/09/17 02:38:40 PM
#17035   My .0001 buy orders keep going unfilled! ezbnsteve 11/09/17 02:32:40 PM
#17034   I did add 1mil at .0001 today. Malone 11/09/17 12:22:17 PM
#17033   is there really something to happen on Friday klimanjaro 11/09/17 11:40:07 AM
#17032   As I posted before, BMIC definitely is part alsteps 11/09/17 03:59:25 AM
#17031   Interesting last 2 identical translations goforit1 11/08/17 08:13:07 PM
#17030   Another good day here. 2's still holding. Malone 11/08/17 04:30:18 PM
#17029   Is it a good sign that the outstanding Andrewc015 11/08/17 11:25:32 AM
PostSubject