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1st NRG Corp (FNRC)

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Last Post: 1/22/2017 3:16:02 PM - Followers: 147 - Board type: Free - Posts Today: 0

 

Resultado de imagen para <a href=http://1stnrg-corp.com/" src="http://emerginggrowth.com/wp-content/uploads/2016/08/FNRC-Picture-Logo.png">
 

1st NRG Corp. (OTCBB: FNRC.PK) is an exploration and production company engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. Headquartered in Denver, Colorado, our activity has been centered upon the 
development of coal bed methane reserves where we hold a working interest in 42 producing wells, 1 permitted location and 2,821 undeveloped acres. The undeveloped acreage 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.
 
Clabaugh Ranch

 

1st NRG Corp. (OTCBB: FNRC) is an exploration and production company engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. Headquartered in Denver, Colorado, our activity has been centered upon the development of coal bed methane reserves where we hold a working interest in 42 producing wells, 1 permitted location and 2,821 undeveloped acres. We acquired our interest in October 2010 and the 42 wells which currently make up the field are shut in. The undeveloped acreage 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.The Powder River Basin is a major source of coal bed methane  - clean natural gas.  
These shallow locations are approximately 1,900 feet in depth, and characterized by what we believe to be low geologic risk and a repeatable development opportunity. The operations offset existing wells, all of which have developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations.
 
 Pursuant to approval from the Wyoming Oil and Gas Commission (the “WOGC”), natural gas production is commingled from three coals in the producing wells: the Schwartz, Upper and Lower Smith, and the Wyodak/Anderson Lower. When water levels from these coal seams subside, we intend to perforate other behind pipe coal seams and begin producing from those coals as well. Using the same well bores and capital equipment (pumps, electricity, water and natural gas gathering systems) will result in lower total development costs per Mcf for the properties. We also expect cumulative recovery by simultaneous multiple seam production to be greater than single seam production and result in lower per Mcf operating costs and longer well lives. 

The coal seams in the Powder River Basin that are targeted have been extensively mapped as a result of a variety of natural resource developments that have occurred in the region. Industry data from many wellbores drilled by others allows us to determine the extent, thickness, gas saturation, formation pressure and relative permeability of the coal seams. This reduces (but does not entirely eliminate) the risk of drilling unproductive wells.

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1st NRG Corp. (OTC Pink: FNRC) Keeping Costs Low by Utilizing Cleaner, Coalbed Methane, and Less Drilling – Thousands of Acreage Still Unexplored

 

The energy markets have continued to face volatile price movements throughout 2016. Natural gas prices have managed to recover after a steep sell off across the financial markets which led investors to dump risky investments and turning to safe havens. Given the miserable last few years the energy sector has faced and lousy  beginning of 2016; it appeared the energy bears could not give up control.

After seeing the price of natural gas dip below $2.00 MMBTUs in early March 2016, the price of gas has since rallied back to $2.822 MMBTUs and post year to date gains of 3.37% through August 2016. Most of the rally in natural gas could be attributed to the above-average heat wave that has largely effected the United States this summer. In addition, the production decline of 3% since February 2016, has also aided the bullish move. In fact, the U.S. Energy Information Administration released a gas inventory report on August 4, 2016 that showed natural gas storage shrank by 6 billion cubic feet, through the week of July 29th. This marked the first summer drawdown in natural gas storage since August 4, 2006.

 



 


 

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#11797   If we are right, then the upswing for alsteps 01/22/17 03:16:02 PM
#11796   Sure seems that you all are correct in JohnWayne2289 01/22/17 02:39:09 PM
#11795   Ok, I read up on Azure Mainstream. They alsteps 01/22/17 02:03:07 PM
#11794   Azur was the ticker AZURE MIDSTREAM is the bulloney 01/22/17 10:52:55 AM
#11793   Are you meaning Azure? I can not find alsteps 01/21/17 04:56:32 PM
#11792   Thanks .. Have a great weekend.. current administration The_Edge 01/20/17 04:32:49 PM
#11791   That's my thinking as well. We will just JohnWayne2289 01/20/17 04:24:00 PM
#11790   Chart indicates this could go ..still accumulating ..regards The_Edge 01/20/17 04:22:55 PM
#11789   Yes at the end of the day but, JohnWayne2289 01/20/17 04:20:14 PM
#11788   8.3 million were buys ..Perhaps Next Week it. The_Edge 01/20/17 04:16:53 PM
#11787   Someone is really unloading shares JohnWayne2289 01/20/17 12:21:21 PM
#11786   They did inform us that other Acquisitions were alsteps 01/19/17 03:49:48 PM
#11785   Maybe after Jan 30th, I still think they bulloney 01/19/17 03:34:45 PM
#11784   We need the news from the pipeline deal JohnWayne2289 01/19/17 02:52:58 PM
#11783   I was wishful thinking. alsteps 01/17/17 04:06:15 PM
#11782   I think we maybe hard pressed for any Hc1212 01/17/17 11:35:02 AM
#11781   Tonight we see the start of a run upwards. alsteps 01/16/17 10:58:54 PM
#11780   You are right, but when does that happen? alsteps 01/12/17 06:40:45 PM
#11779   I would like to think some good PR Hc1212 01/12/17 05:51:58 PM
#11778   Someone is desperate to keep this at .00006. alsteps 01/11/17 02:10:41 PM
#11777   Here comes the 4999 trade signal that we alsteps 01/11/17 11:05:32 AM
#11776   Ha that's why I used the word "assume" alsteps 01/10/17 03:48:25 PM
#11775   Agreed, but on the other hand assuming has JohnWayne2289 01/10/17 03:16:50 PM
#11774   The December 2016 company update said Q1, so alsteps 01/10/17 03:13:18 PM
#11773   Not a clue. Seems quite strange especially with JohnWayne2289 01/10/17 02:33:15 PM
#11772   No buys or sells today, whats happening folks? alsteps 01/10/17 01:32:23 PM
#11771   BMIC at it again. False ask volume amount. alsteps 01/09/17 09:43:17 AM
#11770   One would surely hope so. alsteps 01/08/17 07:50:52 PM
#11769   Could news like that drive us up to Hc1212 01/08/17 05:56:37 PM
#11768   Maybe this week we are enlightened of the alsteps 01/08/17 05:37:07 PM
#11767   Sounds about right, according to the November and alsteps 01/06/17 02:10:27 PM
#11766   I'm sure the deal was completed sometime early JohnWayne2289 01/06/17 12:44:57 PM
#11765   The pipeline deal was supposed to be completed Hc1212 01/06/17 11:38:50 AM
#11764   2 more after hour trades. Something is about alsteps 01/05/17 05:20:48 PM
#11763   Lets move passed the 0007's now. alsteps 01/04/17 03:37:13 PM
#11762   Still needs bigger volume, and BMIC is holding alsteps 01/04/17 02:12:59 PM
#11761   Lots of buying coming in here $FNRC nickeli54 01/04/17 01:13:31 PM
#11760   Here is the 52 week high and low alsteps 01/02/17 02:12:38 PM
#11759   Happy New Year FNRC!! nickeli54 12/31/16 11:45:52 PM
#11758   2017 has arrived for me, I'm looking forward alsteps 12/31/16 04:00:07 PM
#11757   Let's clear the 0008's now!! alsteps 12/29/16 11:16:37 AM
#11756   January 2017 closer all the time. alsteps 12/28/16 03:17:16 PM
#11755   The 0006's need to be cleared out for good. alsteps 12/27/16 02:52:38 PM
#11754   6s clearing again!!! OTC Knight 12/27/16 01:57:07 PM
#11753   January 2017 and Q1 are getting closer. Looking alsteps 12/25/16 03:58:04 PM
#11752   Same here times3 12/24/16 07:21:33 AM
#11751   I have restricted and common stock, in other alsteps 12/23/16 05:47:44 PM
#11750   How many shares does everyone have? Avg? JohnWayne2289 12/23/16 02:35:28 PM
#11749   The faster funds are raised the quicker we alsteps 12/22/16 09:43:56 PM
#11748   Me too. ksuave 12/22/16 05:45:18 PM
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