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1st NRG Corp (FNRC)

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Last Post: 10/23/2017 2:49:16 PM - Followers: 222 - 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
#16875   Just a few thousand dollars could get this ezbnsteve 10/23/17 02:49:16 PM
#16874   FNRC 001 coming Goodwills 10/23/17 09:27:06 AM
#16873   Back up to 2's today!! Run will be Malone 10/23/17 07:24:45 AM
#16872   The deal here is when they do hit nickeli54 10/22/17 11:06:25 PM
#16871   FNRC BIG BOUNCE DAYS COMING $$$$$ Goodwills 10/22/17 10:26:37 PM
#16870   So glad to see you here, you done Malone 10/22/17 08:10:34 PM
#16869   That would be good. I'm loaded. mug2011 10/22/17 03:09:45 PM
#16868   Yes, won't be long now. This ticker is Malone 10/21/17 01:13:57 PM
#16867   I feel we are sitting on huge reserves, TRUSTUNITS1000000 10/20/17 03:32:46 PM
#16866   I feel we are sitting on huge reserves, TRUSTUNITS1000000 10/20/17 03:32:45 PM
#16865   I'm local Colorado. Wells are producing (some) ColoradoKid1993 10/20/17 01:50:25 PM
#16864   Going back to 2 today. Little to no Malone 10/20/17 07:46:58 AM
#16863   This Lotto play will run again one day. LagunaRad 10/19/17 05:53:54 PM
#16862   LOL - there are plenty of 1's left. LagunaRad 10/19/17 05:47:29 PM
#16861   Anytime 1's come up they get taken out Malone 10/19/17 03:18:21 PM
#16860   Lol. Can't believe 2s are selling. Elkay11 10/19/17 02:00:05 PM
#16859   Yep. I believe news will be coming shortly Malone 10/19/17 12:33:27 PM
#16858   Thanks goforit1 10/19/17 12:26:00 PM
#16857   Due 11/15 I thought? 45 days after quarter ends. WG1mil 10/19/17 12:24:08 PM
#16856   Now we need positive news to hold, word goforit1 10/19/17 12:10:03 PM
#16855   Are not the quarterly reports due? Or am goforit1 10/19/17 10:00:45 AM
#16854   No news of producing wells....anywhere and so far earl34 10/19/17 08:18:45 AM
#16853   Correctamundo...Gonna add to my position pretty soon, management floridaboy 10/18/17 07:21:00 PM
#16852   This goes up 100% tomorrow with no news, IMO. Malone 10/18/17 07:19:56 PM
#16851   It did, I hope it moves even more Rangerrook 10/18/17 02:45:35 PM
#16850   I thought we had moved from no trades alsteps 10/18/17 02:28:59 PM
#16849   Yeah, It would take a bit of good Rangerrook 10/18/17 02:20:38 PM
#16848   this will only move with news goforit1 10/18/17 12:20:17 PM
#16847   Like I said, 1's were in short supply. Malone 10/18/17 12:17:55 PM
#16846   Every dog has his day. Malone 10/18/17 11:21:22 AM
#16845   Lol. have you not heard. There is a run Elkay11 10/18/17 10:18:44 AM
#16844   why are you writing this? AUDIO GUY 10/18/17 08:55:25 AM
#16843   Not many 1's left. People better load the Malone 10/18/17 07:29:02 AM
#16842   Interesting session yesterday... floridaboy 10/18/17 06:47:48 AM
#16841   Let's see if we achieve double the trades alsteps 10/18/17 05:45:13 AM
#16840   FNRC bounce time coming! I now it! Goodwills 10/17/17 08:28:06 PM
#16839   Its been awhile since those 2's showed meteled 10/17/17 07:38:12 PM
#16838   It would be great for BMIC to stay alsteps 10/17/17 03:55:59 PM
#16837   BMIC is still laying off, I hope they goforit1 10/17/17 02:48:16 PM
#16836   Sure, another reason is Natural Gas is moving ezbnsteve 10/17/17 02:21:38 PM
#16835   "My personal reason is closeness to a family PTL 10/17/17 02:18:40 PM
#16834   My personal reason is closeness to a family ezbnsteve 10/17/17 02:15:47 PM
#16833   "There are some long believers in this group, PTL 10/17/17 02:12:23 PM
#16832   There are some long believers in this group, ezbnsteve 10/17/17 02:10:08 PM
#16831   "Trying to get people interested in this Stock PTL 10/17/17 02:07:11 PM
#16830   Trying to get people interested in this Stock ezbnsteve 10/17/17 01:44:56 PM
#16829   Only so many shares available at .0001 ezbnsteve 10/17/17 01:25:26 PM
#16828   Now this is interesting, ask is now .0002 alsteps 10/17/17 01:03:59 PM
#16827   https://sheridandaily.com/volume-moving-the-tape-for-1st-nrg-corp-new-fnrc/32659 ezbnsteve 10/17/17 12:58:23 PM
#16826   This old dog might run again. Elkay11 10/17/17 12:32:03 PM
PostSubject