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1st NRG Corp (FNRC)

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Last Post: 1/23/2018 10:08:57 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
#17559   Boom-time! bluegloop 01/23/18 10:08:57 PM
#17558   Yup, they're done The2ndAmendment 01/23/18 05:11:41 PM
#17557   Chances are that they bought convertible notes or iwant1mil 01/23/18 04:07:51 PM
#17556   Yea, soon as we go to 2, some Engineer in Colorado 01/23/18 03:03:06 PM
#17555   Looks like "no bid" might be here forever iwant1mil 01/23/18 02:32:21 PM
#17554   The filings are saying that inactive Tax status alsteps 01/23/18 01:58:02 PM
#17553   Current in Wyoming per SOS database..https://wyobiz.wy.gov/Business/FilingDetail The_Edge 01/23/18 09:08:50 AM
#17552   I think we will see 2's again today. Malone 01/23/18 08:17:33 AM
#17551   IMO 0001s are pretty well dried up as goforit1 01/22/18 05:28:34 PM
#17550   this is all retail selling IMO. Now BMIC Malone 01/22/18 04:29:45 PM
#17549   CSTI (a short seller) has join the 0001 goforit1 01/22/18 03:20:06 PM
#17548   retail goforit1 01/22/18 03:16:05 PM
#17547   They will sell all their shares, and then Engineer in Colorado 01/22/18 02:51:20 PM
#17546   Etrf have just under 9 m on the alsteps 01/22/18 02:00:00 PM
#17545   That ETRF - the are selling 1s. Engineer in Colorado 01/22/18 01:42:27 PM
#17544   Not BMIC (they're at .1501 all day) goforit1 01/22/18 01:31:17 PM
#17543   Looks like BMIC is still holding this down. iwant1mil 01/22/18 01:04:03 PM
#17542   What happened to the ask for 2s? cars3 01/22/18 11:26:18 AM
#17541   CDEL is changing some of their 0.0002 sells, Engineer in Colorado 01/22/18 10:35:36 AM
#17540   Agree that accumulation has been ongoing in a Malone 01/22/18 09:17:16 AM
#17539   Those shares are drying up .. Huge accumulation go for the money 01/22/18 07:58:21 AM
#17538   Do anyone know what shares individually our inside alsteps 01/22/18 01:04:42 AM
#17537   This is being held down. Hit the jp911 01/21/18 12:37:42 PM
#17536   Yep you're correct - it said "finishing Q3 goforit1 01/21/18 09:39:39 AM
#17535   I believe it was for 3rd quarter... floridaboy 01/21/18 09:23:21 AM
#17534   They reported they're working on the Q-report, they goforit1 01/21/18 09:20:06 AM
#17533   Hate to admit it but I'm kinda looking Malone 01/20/18 09:37:19 PM
#17532   Exactly. This has been happening for a while now The2ndAmendment 01/20/18 09:37:03 AM
#17531   Company need to explain the toxic dumping. Who's iwant1mil 01/20/18 09:26:27 AM
#17530   Ditto... floridaboy 01/20/18 05:48:54 AM
#17529   Holding a lot here myself. Love to see Rainer 01/19/18 10:54:27 PM
#17528   In reply to: I hope everything works out rdwild 01/19/18 05:09:03 PM
#17527   I hope everything works out with the new The2ndAmendment 01/19/18 05:03:46 PM
#17526   I downloaded it and its working great Engineer in Colorado 01/19/18 04:40:27 PM
#17525   Its funny, my main account NEVER shows L2's, Engineer in Colorado 01/19/18 04:39:54 PM
#17524   I can see L2 via the mobile app, The2ndAmendment 01/19/18 04:30:17 PM
#17523   Isn't FNRC trying to make some moves again? The2ndAmendment 01/19/18 04:29:03 PM
#17522   Hahaha...nice!! I'm super tempted too!! FNRC cnote420 01/19/18 04:14:47 PM
#17521   Let's see if 1's (looked thin at end goforit1 01/19/18 04:09:58 PM
#17520   Couldn’t help myself, had to grab another milly Malone 01/19/18 03:47:46 PM
#17519   Looks like someone is starting to load up. Malone 01/19/18 03:27:55 PM
#17518   I think 1’s about to go bye bye Malone 01/19/18 03:19:38 PM
#17517   He's on TDA, so Thinkorswim comes with it iwant1mil 01/19/18 12:58:35 PM
#17516   I use ETRADE PRO and find it good goforit1 01/19/18 12:47:18 PM
#17515   Are you using ThinkOrSwim? That's the only tool iwant1mil 01/19/18 12:43:36 PM
#17514   Why sell at 0001 when you can get goforit1 01/19/18 12:43:14 PM
#17513   I had to open up a new TD Engineer in Colorado 01/19/18 11:03:22 AM
#17512   I started buying over a year ago at goforit1 01/19/18 11:00:45 AM
#17511   the 3 Cs (CANT, CDEL,CSTI) usually run together goforit1 01/19/18 10:52:03 AM
#17510   1s are drying up again!! I'm so tempted cnote420 01/19/18 10:48:02 AM
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