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1st NRG Corp (FNRC)

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Last Post: 6/27/2017 8:42:53 PM - Followers: 230 - 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
#15156  Sticky Note Float 1,497,570,323 a/o Mar 10, 2017 http://www.otcmarkets.com/stock/FNRC/profi threewheeler 04/13/17 08:24:39 AM
#16176   No volume today, obviously something is happening here. alsteps 06/27/17 08:42:53 PM
#16175   I'd settle for .0005 DaArkForce 06/27/17 02:42:52 PM
#16174   .025 is a good starting point goforit1 06/27/17 12:58:45 PM
#16173   Let's not get ahead of ourselves... floridaboy 06/27/17 12:22:18 PM
#16172   Correction.... Make that .025 Estate1 06/27/17 12:18:41 PM
#16171   I'd settle for 5 cents Estate1 06/27/17 12:17:22 PM
#16170   Yep! goforit1 06/27/17 12:15:59 PM
#16169   So $20 mil. would be enough for you?? ;-) Sentti 06/27/17 11:58:46 AM
#16168   It will happen in time $FNRC nickeli54 06/26/17 07:32:03 PM
#16167   $5 puts me over $200 mil., sweet dreams. goforit1 06/26/17 07:31:51 PM
#16166   Agreed. WG1mil 06/26/17 06:51:20 PM
#16165   I will hang out for the $5.00 a alsteps 06/26/17 06:29:03 PM
#16164   I guess it depends how deep you are Elkay11 06/26/17 01:12:41 PM
#16163   Very close to joining you. The stress and DaArkForce 06/26/17 11:26:27 AM
#16162   I finally gave up today and sold. Good Krypt1c 06/26/17 10:20:47 AM
#16161   Ha, I live in Conifer. Dont want Engineer in Colorado 06/26/17 10:06:24 AM
#16160   It's been in a coma for a while... WG1mil 06/26/17 10:06:21 AM
#16159   FNRC Still sleeping ? Goodwills 06/26/17 09:45:09 AM
#16158   I'll set mine at 5.00 a share?? alsteps 06/25/17 01:19:46 AM
#16157   Set my sell points, now I just wait. goforit1 06/24/17 12:56:04 PM
#16156   I won't WG1mil 06/24/17 08:19:48 AM
#16155   In to penny land and beyond goforit1 06/24/17 07:24:15 AM
#16154   Not me... floridaboy 06/24/17 06:18:13 AM
#16153   I wonder how many folks are gonna bail Elkay11 06/24/17 03:26:24 AM
#16152   Where's that Engineer in Colorado dude? Send him! lol DaArkForce 06/23/17 05:23:23 PM
#16151   I bought this stock a while ago and Estate1 06/23/17 03:38:37 PM
#16150   If I lived in CO I would drop goforit1 06/23/17 03:31:41 PM
#16149   Do you know something we don't? No tweet iwant1mil 06/23/17 03:23:48 PM
#16148   Thanks for your update and follow through. GLTA Malone 06/22/17 04:28:43 PM
#16147   $PNTV will return your investment and more. Trust me. Estate1 06/22/17 03:45:36 PM
#16146   We were told by management the website would alsteps 06/22/17 03:40:05 PM
#16145   Nothing to do but hold. Maybe one day Malone 06/22/17 03:16:31 PM
#16144   This silence is killing me. DaArkForce 06/22/17 01:41:52 PM
#16143   eh, no, nothing is going on here in mrdecember123 06/22/17 01:38:43 PM
#16142   Maybe it's just me and my thinking, but LPTex 06/22/17 11:29:42 AM
#16141   I believe something is going on here. Lot's Malone 06/21/17 09:03:13 AM
#16140   Sure as hell hope we get positive news soon WG1mil 06/21/17 08:23:49 AM
#16139   Bring on tomorrow, more 4999's and the potential alsteps 06/21/17 04:42:41 AM
#16138   Sounds like a plan to me alsteps 06/20/17 06:09:55 PM
#16137   Strange... Game's on the bid and the ask. Goes floridaboy 06/20/17 03:52:58 PM
#16136   Heaps of 4999 trades again, very unusual alsteps 06/20/17 03:35:33 PM
#16135   Just games... floridaboy 06/20/17 12:54:51 PM
#16134   WT? That's 17 bucks??? Idiot? goforit1 06/20/17 12:50:47 PM
#16133   Stupid people will buy >= 0.0002 and pay Engineer in Colorado 06/20/17 12:45:11 PM
#16132   Thank you for the information, my belief was alsteps 06/19/17 11:40:18 PM
#16131   I said I would check with a friend Estate1 06/19/17 10:51:09 PM
#16130   Strange, that didn't show on my Etrade Pro alsteps 06/19/17 10:23:42 PM
#16129   anybody want to guess what all the 4,999 jet101 06/19/17 09:27:27 PM
#16128   As the hour passes another day's trading awaits alsteps 06/19/17 06:54:08 PM
#16127   Right, Crazy trading today. FNRC about to move IMO. iwant1mil 06/19/17 06:05:22 PM
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