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1st NRG Corp (FNRC)

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Last Post: 5/23/2017 2:41:14 PM - Followers: 233 - Board type: Free - Posts Today: 20

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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FNRC
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Volume:
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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
#15793   POSTED IN PISTOL PETES GROUP AND WHALE TEAM. WG1mil 05/23/17 02:41:14 PM
#15792   I hear ya brother! DeltaSierra 05/23/17 02:39:42 PM
#15791   God is good! I pray the gamble pays ezbnsteve 05/23/17 02:24:41 PM
#15790   Good score at that price. Elkay11 05/23/17 02:21:34 PM
#15789   :D Elkay11 05/23/17 02:20:53 PM
#15788   You have enough. No more for you 8/ Elkay11 05/23/17 02:20:27 PM
#15787   Well. I'm buying 116M shares...I'm stuck somewhere right ezbnsteve 05/23/17 02:12:38 PM
#15786   Really, I'm calling you out on that. Cuz I'm Elkay11 05/23/17 02:09:26 PM
#15785   As far as I can tell, I am ezbnsteve 05/23/17 01:25:41 PM
#15784   Looking nice FNRC!! This can be huge, IMO! Sentti 05/23/17 01:22:58 PM
#15783   Good volume today. This will make FNRC Elkay11 05/23/17 12:47:39 PM
#15782   Right ! it is not really a dump, klimanjaro 05/23/17 12:38:16 PM
#15781   Another huge dump - unreal. DaArkForce 05/23/17 12:34:38 PM
#15780   Players changing...Interest is here, inked deal and we're floridaboy 05/23/17 11:11:36 AM
#15779   Big dump @ .0002 though, probably going back DaArkForce 05/23/17 10:43:42 AM
#15778   finally L2 is back to 0.0002x0.0003! WG1mil 05/23/17 10:19:43 AM
#15777   HEY HEY ! POP GOES TE WEASEL !88 klimanjaro 05/23/17 10:18:45 AM
#15776   Told you! Tons of profit takers at .0003 DaArkForce 05/23/17 10:11:57 AM
#15775   looks like someone knocked that wall out FuelEvolution 05/23/17 09:51:08 AM
#15774   Nice action early on FNRC... floridaboy 05/23/17 09:47:39 AM
#15773   All quiet before the proverbial storm. Really hoping DaArkForce 05/22/17 11:34:18 AM
#15772   You have nothing to lose . This is klimanjaro 05/22/17 10:36:12 AM
#15771   I just closed on my new mountain home. Engineer in Colorado 05/22/17 09:43:56 AM
#15770   Inked deal this week?...FNRC rubber about to actually floridaboy 05/22/17 08:17:27 AM
#15769   I think when they close the deal, it Elkay11 05/20/17 07:18:48 PM
#15768   They have posted their intent through their recent Elkay11 05/20/17 07:16:26 PM
#15767   I really want to know what they're going The2ndAmendment 05/20/17 08:08:25 AM
#15766   Yes, I get that. However, the company has The2ndAmendment 05/20/17 08:06:54 AM
#15765   When a company is closing a deal, they Elkay11 05/20/17 02:49:33 AM
#15764   Yeah, that last message did piss me off. The2ndAmendment 05/19/17 05:36:03 PM
#15763   things take time, next week should be the week TRUSTUNITS1000000 05/19/17 04:25:42 PM
#15762   This is no scam TRUSTUNITS1000000 05/19/17 04:25:01 PM
#15761   volume drying up sell for higher TRUSTUNITS1000000 05/19/17 04:07:15 PM
#15760   Someone said revenues $2 or $4 million dollars TRUSTUNITS1000000 05/19/17 04:01:13 PM
#15759   people will scramble for shares, as no one TRUSTUNITS1000000 05/19/17 03:09:21 PM
#15758   this is going to run TRUSTUNITS1000000 05/19/17 03:07:55 PM
#15757   insider holds 83% TRUSTUNITS1000000 05/19/17 03:05:06 PM
#15756   at least we have a bid TRUSTUNITS1000000 05/19/17 03:04:50 PM
#15755   going to be great revenues jmo TRUSTUNITS1000000 05/19/17 03:01:45 PM
#15754   Can't wait for the final news TRUSTUNITS1000000 05/19/17 03:01:12 PM
#15753   This is going to the moon TRUSTUNITS1000000 05/19/17 03:00:22 PM
#15752   congrats to the 0.0001's TRUSTUNITS1000000 05/19/17 03:00:08 PM
#15751   I do too, look forward to these confirmations nickeli54 05/19/17 01:05:52 PM
#15750   Did not get any 1s' so added some 2s'.. Sentti 05/19/17 12:38:56 PM
#15749   The principles own the majority of shares, look nickeli54 05/19/17 11:02:47 AM
#15748   That's a huge O/S, but a $14 million tycoonbull 05/19/17 10:30:05 AM
#15747   My thoughts exactly. Not to mention the numerous DaArkForce 05/19/17 10:23:44 AM
#15746   If this company isn't willing to spend $100 MeltedViking 05/19/17 10:10:43 AM
#15745   The closing news needs to get out. Hell, Davein3D 05/19/17 10:02:41 AM
#15744   but they only have 130 followers on FB WG1mil 05/19/17 09:52:45 AM
PostSubject