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1st NRG Corp (FNRC)

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Last Post: 10/18/2018 2:23:32 PM - Followers: 254 - 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

1550 Larimer Street, Suite 469, Denver, Colorado 80202, United States  

816-256-8561

Website: http://1stnrg-corp.com
Phone: 816-256-8561
Email: investorrelations@1stnrg-com


     
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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
#20160  Sticky Note LOL you dont want to know, read it runningsloth 10/09/18 01:23:38 AM
#19018  Sticky Note Here is FNRC's twitter page, which has been ezbnsteve 04/16/18 11:54:12 AM
#20192   Wow, that is sensational. Dare I say this alsteps 10/18/18 02:23:32 PM
#20191   13!!!!!! LOL!!!! cnote420 10/18/18 10:25:10 AM
#20190   Maybe it will be the Mega Lottery that alsteps 10/18/18 04:57:47 AM
#20189   I thing it adds up to less than alsteps 10/16/18 09:02:01 PM
#20188   Got to be MM, it can’t be “fills” goforit1 10/16/18 05:53:06 PM
#20187   Another staggering amount trade here. Something is up alsteps 10/16/18 05:34:37 PM
#20186   I agree, certainly one thing going on. Maybe alsteps 10/15/18 03:49:10 PM
#20185   I have this awkward feeling these transactions have goforit1 10/15/18 11:43:36 AM
#20184   And the strangeness continues, today 20000? goforit1 10/15/18 11:40:32 AM
#20183   It will one day or it will bust. alsteps 10/14/18 07:52:41 PM
#20182   Booooooooooo.......m lol cnote420 10/12/18 11:02:02 PM
#20181   Massive movement today on volume, We are flying here?? alsteps 10/12/18 02:33:55 PM
#20180   just joking goforit1 10/11/18 10:38:30 PM
#20179   Haha...massive cnote420 10/11/18 07:28:18 PM
#20178   Did I miss something, were there mire than alsteps 10/11/18 06:46:40 PM
#20177   Volume - Now we are talking goforit1 10/11/18 05:17:19 PM
#20176   Unless you want to get it back to cnote420 10/11/18 02:45:52 PM
#20175   I am with you on that, however just alsteps 10/11/18 02:44:48 PM
#20174   Market makers do weird things. Them and brokers cnote420 10/11/18 01:58:13 PM
#20173   How on earth does someone sell 125 worth alsteps 10/11/18 01:48:00 PM
#20172   Great to hear, keep it up Brad! Take cnote420 10/10/18 04:46:07 PM
#20171   The price of Natural Gas is definiately up alsteps 10/10/18 02:48:30 PM
#20170   What I found significant is not the answer goforit1 10/10/18 09:46:05 AM
#20169   Yes that is what it says, the average alsteps 10/09/18 04:43:02 PM
#20168   The response was in reply to - goforit1 10/09/18 02:21:14 PM
#20167   Response read "Yes - It helps. goforit1 10/09/18 02:19:24 PM
#20166   Will post it later goforit1 10/09/18 12:51:13 PM
#20165   New tweet response goforit1 10/09/18 12:50:06 PM
#20164   Ethanol teema 10/09/18 11:44:58 AM
#20163   Are these guys doing anything with wthanol. teema 10/09/18 11:44:25 AM
#20162   It’s on the website. It’s bad. But the Davein3D 10/09/18 08:36:55 AM
#20160   LOL you dont want to know, read it runningsloth 10/09/18 01:23:38 AM
#20159   What is the current AS and float?? DeltaSierra 10/09/18 12:44:00 AM
#20158   Bring it on, I am sure you are right. alsteps 10/09/18 12:01:53 AM
#20157   FNRC!! Just a matter of time before the Davein3D 10/08/18 05:12:55 PM
#20156   Well at least it showed green today, back alsteps 10/08/18 02:25:07 PM
#20155   Natural gas up 4.26%!! Time to act FNRC!!! cnote420 10/08/18 12:22:57 PM
#20154   Hey, natural gas is killing it this morning cnote420 10/08/18 12:21:14 PM
#20153   Correct, must be a broker to buy under cnote420 10/08/18 12:12:18 PM
#20152   Agreed. I have nothing to lose by holding Davein3D 10/08/18 10:35:24 AM
#20151   I bet that you and I cannot buy alsteps 10/08/18 05:04:01 AM
#20150   I have often wondered if those were signals goforit1 10/08/18 04:32:14 AM
#20149   So they sell for $1.50. Very dumb. Jmo alsteps 10/08/18 02:14:02 AM
#20148   People have been doing that for the last year. Davein3D 10/07/18 07:57:03 PM
#20147   I wish it would however someone sold. 150000 alsteps 10/07/18 07:15:48 PM
#20146   Yep. This ticker could explode to dollarland real Davein3D 10/06/18 08:23:33 PM
#20145   Maybe it's the TA updating but the stop cnote420 10/05/18 09:04:47 PM
#20144   its been like that for over a year Action86 10/05/18 08:41:29 PM
#20143   This is what OTC Markets shows... cnote420 10/05/18 07:53:34 PM
#20142   Would you please advise what the “SS” update alsteps 10/05/18 02:10:37 PM
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