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1st NRG Corp (FNRC)

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Last Post: 12/12/2017 5:06:24 PM - Followers: 227 - 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
#17266   The LOI was executed in October Andrewc015 12/12/17 05:06:24 PM
#17265   1st NRG will make available to the joint klimanjaro 12/12/17 04:22:14 PM
#17264   What is ? Volume?????? Engineer in Colorado 12/12/17 03:39:06 PM
#17263   The way I look at this, it is alsteps 12/12/17 03:35:39 PM
#17262   Settle down, it’s just $24,000. ezbnsteve 12/12/17 03:29:01 PM
#17261   They put this stock on the movers board Engineer in Colorado 12/12/17 02:54:16 PM
#17260   Think that was Company getting Christmas money. LOL Malone 12/12/17 02:26:05 PM
#17259   LOL, only seller was the Company. Well at Malone 12/12/17 02:24:23 PM
#17258   Dang!! Someone took you and your friends proposal cnote420 12/12/17 02:20:17 PM
#17257   Killing the MOJO sellers brought ask to 0001 goforit1 12/12/17 02:18:54 PM
#17256   well, I've been in this well before last Rainer 12/12/17 02:18:06 PM
#17255   Guess our friends got in. LOL Malone 12/12/17 02:14:09 PM
#17254   Well that really sucks! WTF was that? Malone 12/12/17 02:13:13 PM
#17253   Wow,...looks like they're selling CanadianBob 12/12/17 02:12:20 PM
#17252   Agree, anyone wanting out please sell. I too Malone 12/12/17 01:15:15 PM
#17251   Anyone wanting to sell, do so now. Engineer in Colorado 12/12/17 12:46:20 PM
#17250   12 DEC 17 News for FNRC is here goldpenny7 12/12/17 12:02:22 PM
#17249   Why sell at 0001 - dump IMO goforit1 12/12/17 11:05:52 AM
#17248   agreed few more 2 hits and should start TradeForProfits 12/12/17 09:38:53 AM
#17247   $FNRC get out there and spread the word MeltedViking 12/12/17 09:12:50 AM
#17246   boom "The joint venture has non-dilutive funding committed TradeForProfits 12/12/17 09:07:10 AM
#17245   I wonder which big energy company is taking bluegloop 12/12/17 09:06:34 AM
#17244   decent news change for .0002 to go today koolmc 12/12/17 08:59:36 AM
#17243   Huge news ! Thanks bud. Today I Will Goodwills 12/12/17 08:57:54 AM
#17242   News out! $FNRC looking promising these past MeltedViking 12/12/17 08:57:42 AM
#17241   News - 1st NRG Corp. Announces Joint Venture Rainer 12/12/17 08:43:00 AM
#17240   NEWS is out will post it later! goforit1 12/12/17 08:26:26 AM
#17239   ****RELEASE***** 1st NRG Corp moegreenbacks 12/12/17 08:26:16 AM
#17238   Okay. If the news hits today, remember what ezbnsteve 12/12/17 02:26:17 AM
#17237   fair day OK EOD goforit1 12/11/17 04:18:37 PM
#17236   I'm adding today. IF anything, there will be Davein3D 12/11/17 02:05:17 PM
#17235   Hope the new opportunities include pre-funding if necessary earl34 12/11/17 12:38:13 PM
#17234   Hopefully great news!! I want to Engineer in Colorado 12/11/17 12:35:44 PM
#17233   Another new tweet. Feeling better about $FNRC MeltedViking 12/11/17 12:29:56 PM
#17232   New tweet, (today) News coming soon. ezbnsteve 12/11/17 11:58:04 AM
#17231   gm. tweet update out. otc filings coming and TradeForProfits 12/11/17 11:57:46 AM
#17230   yes, that's the official twitter for $FNRC TradeForProfits 12/11/17 11:57:00 AM
#17229   1stnrgcorp? Rainer 12/11/17 11:55:45 AM
#17228   If they don’t post any news then what Andrewc015 12/11/17 11:24:13 AM
#17227   GM FNRC Goodwills 12/11/17 09:26:59 AM
#17226   Good morning. I hope everyone had a wonderful weekend. Rainer 12/11/17 09:08:15 AM
#17225   GM $FNRC MeltedViking 12/11/17 08:54:15 AM
#17224   This has been a long haul, company still alsteps 12/09/17 11:00:41 PM
#17223   Yes,decent news get's us atleast a 20 bagger. Malone 12/09/17 07:09:00 PM
#17222   Real substantive news could push this to 005 goforit1 12/09/17 02:40:00 PM
#17221   Agreed , when news drops this thing will explode. Malone 12/09/17 01:34:20 PM
#17220   Nice close today. Going to explode when that iwant1mil 12/08/17 07:59:29 PM
#17219   Cool, glad you got some. Should be a Malone 12/08/17 03:28:45 PM
#17218   figure out the game- "tweet's" or the promise mrdecember123 12/08/17 02:41:27 PM
#17217   I bought at 0.0001 TRUSTUNITS1000000 12/08/17 01:27:44 PM
PostSubject