1st NRG Corp (FNRC)

[StockRocket]

THIS IS HUGE: 1st NRG Corp – Announces its Strategic Plan for 2017
Denver, Colorado (February 3, 2017) 1st NRG Corp. (OTCBB: FNRC.PK) an exploration and production company headquartered in Denver, Colorado is issuing a stockholder update to shareholders on its plans for 2017.
The Company has previously announced key acquisitions it has for 2017. CEO Kevin Norris states, "We realize that in order to meet these potential acquisitions, any attempt to raise money on the OTC Markets is futile. To that end, we are now committing ourselves on a course to becoming a fully reporting Company. Prior to that objective, we must file either reviewed or audited financial statements and pay for a reserve report which will give us an independent third party evaluation. The decision to file a REG A or an S1 will likely depend upon the value that comes out of the reserve report, and the financial review. We are certain however that we meet the net shareholder equity requirements of $4,000,000 needed to meet minimum qualifications to get listed on a nationally recognized exchange. Our major concern is cash flow and the acquisition of producing oil and gas wells would mitigate those concerns. "
CEO Kevin Norris further states that the Company's stockholders will be making investments into 1st NRG so that it can meet its obligations to pay for the audit/financial review and reserve report. Depending upon the value that comes out of that, a determination will be made to file a REG A or S1.

About 1st NRG Corp.

Our activity has been centered upon the development of coal bed methane reserves in Wyoming where through our wholly owned subsidiary, 1st NRG Wyoming, we operate and hold a working interest in 43 producing wells, 3,059 undeveloped acres and an estimated 18.5 BCF net to our interest. 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 where we hold a 35% working interest
in a Beekmantown Dolomite well.

https://www.otcmarkets.com/stock/FNRC/news/1st-NRG-Corp-–-Announces-its-Strategic-Plan-for-2017?id=150443&b=y