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1st NRG Corp (FNRC)

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Last Post: 4/20/2018 8:22:36 PM - Followers: 250 - 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: 

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





(link at bottom of website) 

CURRENT O/S 9,975,220,651 


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PlusOneCoin Top Posts
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#19018  Sticky Note Here is FNRC's twitter page, which has been ezbnsteve 04/16/18 11:54:12 AM
#19087   Yep, the 1's just keep coming. Why buy iwant1mil 04/20/18 08:22:36 PM
#19086   Get your .0001’s! ezbnsteve 04/20/18 02:53:39 PM
#19085   looks better today. nite only 1 left now TradeForProfits 04/20/18 10:58:09 AM
#19084   The volume we have seen in the last ezbnsteve 04/20/18 10:38:19 AM
#19083   0001 is only a deal if it moves goforit1 04/20/18 10:17:47 AM
#19082   as long as people sell at 0001 and goforit1 04/20/18 10:16:36 AM
#19081   Not anymore Engineer in Colorado 04/20/18 10:01:30 AM
#19080   Bid is back goforit1 04/20/18 09:34:59 AM
#19079   I grabbed more today, pretty sure if the alsteps 04/19/18 04:32:43 PM
#19078   noticed that also.. at the close 6.47m left TradeForProfits 04/19/18 04:10:07 PM
#19077   6.7 mil 1s left. We could see a cnote420 04/19/18 03:38:05 PM
#19076   When CFGN is done diluting with that "10,000,000" cnote420 04/19/18 02:50:50 PM
#19075   Put it at 25 on volume board goforit1 04/19/18 02:26:39 PM
#19074   Wow!! 60 mil 1s go on the ask. cnote420 04/19/18 02:16:23 PM
#19073   it's coming. we've already seen part of the TradeForProfits 04/19/18 12:57:19 PM
#19072   let it. they obviously put in a lot Davein3D 04/19/18 11:12:23 AM
#19071   I guess FNRC needs to sleep for a while. Engineer in Colorado 04/19/18 10:32:38 AM
#19070   C'mon, it's speculation season FNRC!! Time for OTCs cnote420 04/19/18 12:02:52 AM
#19069   All true, but you overlooked a key factor. earl34 04/18/18 06:15:00 PM
#19068   All true, but you overlooked a key factor. earl34 04/18/18 06:14:29 PM
#19067   All true, but you overlooked a key factor. earl34 04/18/18 06:14:23 PM
#19066   Float too big.... Outstanding shares to high..... Over Rebel In The FDG 04/18/18 04:58:30 PM
#19065   $3000 will put this @ 0.0002 again. Engineer in Colorado 04/18/18 10:10:29 AM
#19064   agree, this puppy needs Fins and stop sign goforit1 04/18/18 09:52:24 AM
#19063   ???? klimanjaro 04/18/18 09:49:36 AM
#19062   Let them get out!!! We have a Engineer in Colorado 04/18/18 09:46:58 AM
#19061   NITE is retail (etrade goes through here), I goforit1 04/18/18 09:45:22 AM
#19060   I think they are trying to sell the Engineer in Colorado 04/18/18 09:40:49 AM
#19059   or are there just that many wanting to goforit1 04/18/18 09:33:43 AM
#19058   Is NITE trying to be the new BMIC? goforit1 04/18/18 09:31:53 AM
#19057   Only MM left at EOD NITE (retail sales), goforit1 04/17/18 04:55:14 PM
#19056  Restored They are full of shit. Posting on twitter vince k 04/17/18 03:49:24 PM
#19055   Here is an idea. If Brad Holmes is reading alsteps 04/17/18 03:44:57 PM
#19054   its either the company is dumping shares, or Engineer in Colorado 04/17/18 01:09:16 PM
#19053   All of the shares bought at .00001 over cnote420 04/17/18 12:23:38 PM
#19052   Back to 0002, now let us move up goforit1 04/17/18 12:05:00 PM
#19051   3 mil 1s left, looks like the bid cnote420 04/17/18 12:01:19 PM
#19050   I think FNRC is trying to get rid Engineer in Colorado 04/17/18 10:55:56 AM
#19049   Man they shit the bed on this one again. WG1mil 04/17/18 10:50:27 AM
#19048   Keep that bid going!!! Engineer in Colorado 04/17/18 10:37:06 AM
#19047   We are on the OTCBB Movers! This Engineer in Colorado 04/17/18 10:36:15 AM
#19046   And just like that we have a bid again! Malone 04/17/18 10:35:21 AM
#19045   Volume picking up! Keep the buys coming! Engineer in Colorado 04/17/18 10:16:28 AM
#19044   we will keep getting trickles of buys until Engineer in Colorado 04/17/18 09:49:14 AM
#19043   We went to no bid?! All that movement PJ Patel 04/17/18 09:37:56 AM
#19042   These 1s wont last long. Grab you Engineer in Colorado 04/17/18 09:37:56 AM
#19041   I looked again and saw that I had jet101 04/17/18 07:54:49 AM
#19040   Now that's strange, there was 2-4 million 1s cnote420 04/16/18 07:56:31 PM
#19039   I finally got at least a nibble, I jet101 04/16/18 07:47:47 PM
#19038   Chinese giant recommits to Aspire coal rail plan klimanjaro 04/16/18 04:26:51 PM