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1st NRG Corp (FNRC)

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Last Post: 7/21/2017 4:37:05 PM - Followers: 233 - 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: 

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
    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




Current Price
Bid Ask Day's Range
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#16460   if that is the best then yes Paraceratherium 07/21/17 04:37:05 PM
#16459   Thanks, and might that be Beef Wellington? goforit1 07/21/17 04:07:01 PM
#16458   great it does not matter where you make Paraceratherium 07/21/17 04:00:37 PM
#16457   good point and you are right, on the Paraceratherium 07/21/17 03:59:20 PM
#16456   Well when I talked with him earlier in Paraceratherium 07/21/17 03:55:52 PM
#16455   Hopefully you are right. It's just that I iwant1mil 07/21/17 03:53:48 PM
#16454   IDK, I'm bag holder from last time it Malone 07/21/17 03:51:11 PM
#16453   I understand all of that, but I would like goforit1 07/21/17 03:44:33 PM
#16452   looks like .0004 is a good entry point klimanjaro 07/21/17 03:43:42 PM
#16451   a no show on the phones NOW tells Paraceratherium 07/21/17 03:34:24 PM
#16450   It was ZNTR, but back down some today Malone 07/21/17 03:23:21 PM
#16449   which one is up 250%? klimanjaro 07/21/17 03:17:20 PM
#16448   pay off worth the wait FNRC threewheeler 07/21/17 03:00:34 PM
#16447   How's that good that no one answers the iwant1mil 07/21/17 02:59:31 PM
#16446   just talked with my buddy who tried yesterday Paraceratherium 07/21/17 02:33:44 PM
#16445   Can not get ahold of Brad baby, goforit1 07/21/17 01:55:55 PM
#16444   Years ago I was pitching a pink sheet Paraceratherium 07/21/17 10:33:18 AM
#16443   On the pink sheets there is virtually an Paraceratherium 07/21/17 09:46:19 AM
#16442   FNRC gonna do big things. Stay patient a Malone 07/20/17 06:41:26 PM
#16441   Can you explain your reasoning? New to this. AUDIO GUY 07/20/17 05:43:34 PM
#16440   that would be awesome if it bids triple Paraceratherium 07/20/17 03:36:09 PM
#16439   Great, soon .0001 bid will return. Big news iwant1mil 07/20/17 03:30:45 PM
#16438   No Bid and 293 mill on ask @ jet101 07/20/17 03:11:12 PM
#16437   Thanks, a couple of others got his phone Paraceratherium 07/20/17 10:16:38 AM
#16436   Thank, I'm gonna try. I'll keep you guys posted Elkay11 07/20/17 10:14:45 AM
#16435   713 304 6962 Brad Holmes Paraceratherium 07/20/17 10:06:39 AM
#16434   Do you have a number for IR?? Elkay11 07/20/17 10:04:16 AM
#16433   As much as I hate the klowns that Paraceratherium 07/20/17 10:04:06 AM
#16432   NITE showing 10k on the have to jet101 07/20/17 09:39:15 AM
#16431   we will see how the 1 and 2 Paraceratherium 07/20/17 09:07:53 AM
#16430   Was it just a cross trade between MMs? WG1mil 07/19/17 03:03:52 PM
#16429   Hold your shares folks. Double zeros coming Elkay11 07/19/17 02:52:07 PM
#16428   bmic at .004 but vndm .0002 how okwife 07/19/17 02:39:03 PM
#16427   You win the forums with that comment today! Elkay11 07/19/17 02:13:11 PM
#16426   Is it possible that 1st NRG press release's earl34 07/19/17 02:06:06 PM
#16425   Yea, no Vaseline, no thank you... Engineer in Colorado 07/19/17 12:21:09 PM
#16424   the klowns at FNRC headquarters are playing us hard........ Paraceratherium 07/19/17 11:42:00 AM
#16423   I still have a feeling that July is goforit1 07/18/17 06:21:38 PM
#16422   pretty much a lotto here as any trip threewheeler 07/18/17 05:25:26 PM
#16421   they can't raise finance if no shares are alsteps 07/18/17 02:52:04 PM
#16420   I would feel much better if there was iwant1mil 07/18/17 12:55:59 PM
#16419   Best way to make money is to buy Elkay11 07/18/17 12:34:52 PM
#16418   I am not losing money. I am holding Engineer in Colorado 07/18/17 12:18:20 PM
#16417   Guys, keep in mind that they are trying Elkay11 07/18/17 11:47:38 AM
#16416   FNRC is at bottom from BMIC dumping, so iwant1mil 07/18/17 11:33:44 AM
#16415   My prediction: BIG FAT NOTHING this week Engineer in Colorado 07/18/17 10:20:47 AM
#16414   What makes next week different than this week. skyrocketinsight 07/18/17 09:22:08 AM
#16413   How much longer till the next deadline for DaArkForce 07/18/17 09:15:19 AM
#16412   I think so too, today's stock behaviour will Paraceratherium 07/18/17 07:04:07 AM
#16411   However there is another day in 2017, we alsteps 07/18/17 05:51:31 AM