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1st NRG Corp (FNRC)

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Last Post: 12/11/2017 11:58:04 AM - Followers: 228 - Board type: Free - Posts Today: 8

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
#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
#17216   this is so cheap TRUSTUNITS1000000 12/08/17 01:20:08 PM
#17215   tightly held TRUSTUNITS1000000 12/08/17 01:19:50 PM
#17214   maybe we are sitting on a huge property(s) TRUSTUNITS1000000 12/08/17 01:19:39 PM
#17213   what is happening next week TRUSTUNITS1000000 12/08/17 01:17:26 PM
#17212   where will be next week and I say TRUSTUNITS1000000 12/08/17 01:17:12 PM
#17211   Idiots selling before next week will be sorry.. BoilerRoom 12/08/17 12:29:00 PM
#17210   great, now lets work on those 2's bud TradeForProfits 12/08/17 12:24:58 PM
#17209   Got some 0.0001’s Weeeeeeeee!!! BoilerRoom 12/08/17 12:23:52 PM
#17208   agreed. and VNDM is tiny size, shadow imo. TradeForProfits 12/08/17 12:16:29 PM
#17207   BMIC moved to 0003 it is getting ready goforit1 12/08/17 10:39:46 AM
#17206   Lol - someone is gonna STRIKE IT RICH MeltedViking 12/08/17 10:34:08 AM
#17205   Make up your mind man! Go $FNRC MeltedViking 12/08/17 10:33:38 AM
#17204   Is this trading today? Fatty80 12/08/17 10:25:15 AM
#17203   FNRC Bidding 0.0001’s bitches load me the F up!!! BoilerRoom 12/08/17 09:48:38 AM
#17202   Good morning Rainer 12/08/17 09:20:51 AM
#17201   Canceled bid bought something else. Good luck here BoilerRoom 12/08/17 08:35:07 AM
#17200   Were you able to get a few 1’s Malone 12/08/17 08:29:21 AM
#17199   $FNRC board needs some more action MeltedViking 12/08/17 08:17:49 AM
#17198   A new tweet, some volume, and we've got MeltedViking 12/08/17 08:17:11 AM
#17197   Good morning FNRC. Believe we will see more Malone 12/08/17 08:06:28 AM
#17196   Warn what? Its a .0001 lotto you want koolmc 12/07/17 10:28:45 PM
#17195   Mr. December knows... believe he’s touched his ankles LPTex 12/07/17 07:06:30 PM
#17194   They always get real quite when a stock cnote420 12/07/17 05:39:40 PM
#17193   time for the BULLS to come out and goforit1 12/07/17 04:31:27 PM
#17192   Nice close :) Rainer 12/07/17 04:19:41 PM
#17191   I warned everyone. Move along. Save your capital. mrdecember123 12/07/17 03:53:19 PM
#17188   You might get lucky and get a few, Malone 12/07/17 12:33:07 PM
#17187   Be cool if company jumped in the bitcoin game Rainer 12/07/17 11:37:14 AM
#17186   Almost a 600 mill bid Rainer 12/07/17 11:23:19 AM
#17185   Where did all yesterday's volume go? jmorexxnet 12/07/17 11:18:10 AM
#17184   Am I too late to get 0.0001’s here? BoilerRoom 12/07/17 11:05:00 AM
#17183   Nice bids! jackson73 12/07/17 10:49:43 AM
#17182   oh yeah. this am bids almost 600m ! TradeForProfits 12/07/17 10:43:19 AM
#17181   I wish people would STOP SELLING! Engineer in Colorado 12/07/17 10:14:09 AM
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