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1st NRG Corp (FNRC)

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Last Post: 9/23/2017 5:03:56 PM - Followers: 226 - 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
#16768   I locked in our new company twitter handle. @absolutelynotanotherotcstockscamtru WG1mil 09/23/17 05:03:56 PM
#16767   You were also Indiana jones and the last Moheikan WG1mil 09/23/17 04:57:31 PM
#16766   Idk... just new to jazz up your resume. WG1mil 09/23/17 04:56:57 PM
#16765   Can I be COO? I’m clearly really responsible ezbnsteve 09/23/17 04:45:36 PM
#16764   This stock is amazing, it has the same Malone 09/23/17 04:42:51 PM
#16763   when will the deal go through BootsandCoots 09/23/17 03:01:34 PM
#16762   And I forgot it all goes down... NEXT WEEK WG1mil 09/23/17 01:08:10 PM
#16761   And I forgot it all goes down... NEXT WEEK WG1mil 09/23/17 12:41:06 PM
#16760   Great DD! I am in! $HIT Sentti 09/23/17 12:39:47 PM
#16759   Shitco. Marketwired (09/23/17 - ticker: shtco) A mining WG1mil 09/23/17 11:32:33 AM
#16758   We should create a corporation. ezbnsteve 09/22/17 11:30:54 PM
#16757   I just don't get how this is even WG1mil 09/22/17 11:02:11 PM
#16756   Still pretty bad if we lose, but let’s ezbnsteve 09/22/17 08:41:21 PM
#16755   Agree - out on the 16k. I'm only WG1mil 09/22/17 07:37:04 PM
#16754   You know what's funny, it went to .00001 Elkay11 09/22/17 05:32:05 PM
#16753   Wish I knew someone in the Denver area, goforit1 09/22/17 03:34:40 PM
#16752   I feel better some what now I guess, threewheeler 09/22/17 02:51:22 PM
#16751   I’m in this for $16,000 your pain is ezbnsteve 09/22/17 02:44:34 PM
#16750   advice like that and u dont have any threewheeler 09/22/17 02:42:49 PM
#16749   I heard a rumor that this was going ezbnsteve 09/22/17 11:10:42 AM
#16748   ...... MeltedViking 09/22/17 10:33:55 AM
#16747   Hi all Goodwills 09/22/17 06:56:41 AM
#16746   !!!!! Malone 09/21/17 09:54:02 PM
#16745   ????? Donutman 09/21/17 11:48:36 AM
#16744   $50 in volume. Malone 09/19/17 09:06:25 PM
#16743   It was another exciting day here in FNRC land! Malone 09/19/17 09:05:50 PM
#16742   hope so BootsandCoots 09/18/17 10:44:43 PM
#16741   This Lotto play will run again one day. Malone 09/18/17 06:25:30 PM
#16740   Still no bid BootsandCoots 09/17/17 04:46:58 PM
#16739   they need to drill and maybe found a TRUSTUNITS1000000 09/15/17 03:03:17 PM
#16738   $880,000 market cap and tightly held, the float TRUSTUNITS1000000 09/15/17 03:02:37 PM
#16737   It's a SNOW JOB BootsandCoots 09/15/17 02:44:13 PM
#16736   Yep, actually had a bid for a second. Malone 09/15/17 10:00:46 AM
#16735   Almost had a run going, but BMIC stepped iwant1mil 09/15/17 09:49:37 AM
#16734   I hope it's soon. :) ironically sick of WG1mil 09/15/17 08:50:58 AM
#16733   Just a matter of time. It will be Malone 09/15/17 06:15:56 AM
#16732   be nice to see this stock trading Rainer 09/14/17 01:51:38 PM
#16731   Someone is trading Davein3D 09/11/17 01:20:53 PM
#16730   I can't find any updates on this company BootsandCoots 09/09/17 11:20:52 AM
#16729   There really is no scam at this point. No Elkay11 09/09/17 12:47:02 AM
#16728   is this a scam, insiders hold a lot, TRUSTUNITS1000000 09/08/17 04:33:52 PM
#16727   bogus? goforit1 09/08/17 02:44:52 PM
#16726   paid 0.0001 TRUSTUNITS1000000 09/08/17 02:06:22 PM
#16725   Waiting for news on financing TRUSTUNITS1000000 09/08/17 02:06:02 PM
#16724   I also connected the dots... it makes a poomoji. WG1mil 09/06/17 09:50:35 PM
#16723   Bueller, Bueller, Bueller. Anyone home here? Malone 09/06/17 06:05:12 PM
#16722   Someone buy my shares so I can get Davein3D 09/05/17 11:58:17 AM
#16721   Today is a holiday... cn78 09/04/17 08:02:14 PM
#16720   Did I see the ask at .0002 today? alsteps 09/04/17 04:52:41 PM
#16719   Tightly held is good, but not true here, iwant1mil 09/02/17 06:22:57 PM
PostSubject