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1st NRG Corp (FNRC)

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Last Post: 2/22/2017 6:35:09 PM - Followers: 155 - 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
#11853  Sticky Note FNRC DD .. Notes, Links etc.. The_Edge 01/28/17 04:51:59 PM
#12023   FNRC maybe you're right;-) patrique4 02/22/17 06:35:09 PM
#12022   Nztdtxdtzdztdzt c alsteps 02/22/17 03:21:11 PM
#12021   Alright, I can do that. GO $FNRC Arnold25764 02/22/17 09:26:17 AM
#12020   FNRC will move nicely on LOI news. Until floridaboy 02/22/17 07:12:22 AM
#12019   Nice volume today and accumulation. Chart setting up Arnold25764 02/21/17 02:48:11 PM
#12018   Blasted off quite a few times from here. Arnold25764 02/21/17 02:21:59 PM
#12017   yes, this range here looks good. 2/3 on TradeForProfits 02/21/17 02:14:10 PM
#12016   Yes, nice buys on the 3's today. This Arnold25764 02/21/17 01:44:25 PM
#12015   it does. some 3's today $FNRC TradeForProfits 02/21/17 01:43:03 PM
#12014   Ground level here. Could easily see 00's again..imo Arnold25764 02/20/17 08:17:02 PM
#12013   Thanks, we do not have a President in alsteps 02/20/17 04:25:48 PM
#12012   Excellent opportunity for all involved floridaboy 02/20/17 03:06:29 PM
#12011   President's Day, no trading. Arnold25764 02/20/17 03:00:50 PM
#12010   Why is there no trading today? alsteps 02/20/17 02:35:59 PM
#12009   Alright sounds good, Bounced last time when it Arnold25764 02/19/17 08:50:56 PM
#12008   Gonna grab a few more, Friday, though lacking floridaboy 02/19/17 08:46:04 PM
#12007   Nice tight bollies on the chart. Looks Ready Arnold25764 02/19/17 06:24:24 PM
#12006   some great info. need to get updated OS/Float TradeForProfits 02/19/17 04:44:14 PM
#12005   agreed. continuing my dd. http://www.profitspi.com/stock/view.aspx?v=stock-chart TradeForProfits 02/19/17 04:41:47 PM
#12004   I Think the ride is coming sooner than alsteps 02/19/17 04:19:13 PM
#12003   Yes, hang tight. We just may be in Arnold25764 02/18/17 08:53:41 PM
#12002   Management is due to communicate...People were happy to floridaboy 02/18/17 08:10:17 PM
#12001   Yeah with selling slowing down then conversion/notes could Arnold25764 02/18/17 07:55:17 PM
#12000   It's very possible considering the moves they've made JohnWayne2289 02/17/17 04:30:36 PM
#11999   Not sure what you mean by this? I JohnWayne2289 02/17/17 04:28:27 PM
#11998   Maybe conversions are done on FNRC... floridaboy 02/17/17 03:07:59 PM
#11997   Does anyone think this puppy will hit silver? goforit1 02/17/17 03:00:59 PM
#11996   Only 300k traded today? Wow that's low must JohnWayne2289 02/17/17 02:02:56 PM
#11995   Looks like Insiders own shares here too. Arnold25764 02/17/17 01:10:30 AM
#11994   Was a Huge Bounce when it hit .0002 Arnold25764 02/17/17 12:37:52 AM
#11993   agreed. Chart starting to look good. close to TradeForProfits 02/17/17 12:22:11 AM
#11992   Hit .005+ on the chart there. Who knows Arnold25764 02/17/17 12:21:41 AM
#11991   Thinking could easily pop over .001 again. LOI Arnold25764 02/17/17 12:20:19 AM
#11990   Hello TFP nice to see you here too. Arnold25764 02/17/17 12:16:35 AM
#11989   Hey Arnold. good to see u here. on TradeForProfits 02/17/17 12:10:18 AM
#11988   1 year chart shows the full move $FNRC TradeForProfits 02/17/17 12:07:34 AM
#11987   took what? 300m shares to pop this over TradeForProfits 02/17/17 12:06:23 AM
#11986   lots of news so far this year (2017). TradeForProfits 02/17/17 12:05:00 AM
#11985   i agree. Chart shows Sep 2016 was the TradeForProfits 02/17/17 12:00:59 AM
#11984   If people would life their bids this could JohnWayne2289 02/15/17 02:31:55 PM
#11983   Right soaking all these shares this low because Arnold25764 02/15/17 12:30:48 AM
#11982   Insiders hold large positions in FNRC, stock wise...Investors floridaboy 02/14/17 08:39:45 PM
#11981   They were inactive last year. Now they're active JohnWayne2289 02/14/17 05:30:44 PM
#11980   an after close sale of 13m + below .0003. alsteps 02/14/17 04:14:29 PM
#11979   Etrade had a low of .0002. We should alsteps 02/14/17 05:10:45 AM
#11978   Hasn't traded lower than .0003. I think we Arnold25764 02/13/17 03:06:20 PM
#11977   well something has to give, trading between .0002 alsteps 02/13/17 03:05:06 PM
#11976   We are getting close here I believe. Watch Arnold25764 02/13/17 10:53:20 AM
#11975   Tomorrow we bust into the 00's with massive alsteps 02/13/17 03:04:40 AM
#11974   Check chart it's getting bought up. Go $FNRC Arnold25764 02/12/17 06:02:44 PM
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