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1st NRG Corp (FNRC)

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Last Post: 1/16/2018 11:00:12 PM - Followers: 226 - 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
#17482   Would be nice if the dark dawn was alsteps 01/16/18 11:00:12 PM
#17481   No worries here for me. I know what's Malone 01/16/18 05:23:15 PM
#17480   BMIC is back goforit1 01/16/18 10:01:26 AM
#17479   Hello Malone, welcome back. My The Daily Trade klimanjaro 01/16/18 09:08:17 AM
#17478   Holiday in USA.. Martin Luther King Day.. go for the money 01/16/18 08:38:46 AM
#17477   Why no trading today? alsteps 01/15/18 09:38:15 PM
#17476   yep IFXY go for the money 01/15/18 10:08:05 AM
#17475   all my condolences, may Earth be light and klimanjaro 01/15/18 10:01:28 AM
#17474   I have believed in this since the option alsteps 01/15/18 03:28:42 AM
#17473   Just staying optimistic... floridaboy 01/14/18 07:27:05 PM
#17472   Not holding my breath cn78 01/14/18 06:51:27 PM
#17471   They will be released... floridaboy 01/14/18 03:45:19 PM
#17470   unless financials are released this is going nowhere goforit1 01/14/18 02:56:10 PM
#17469   Hey Kil, thanks for that. Been out of Malone 01/14/18 12:09:16 PM
#17468   Couldn't agree more. This will have a great Malone 01/14/18 12:06:05 PM
#17467   Yep, Once the MM's are loaded , they go for the money 01/14/18 09:14:03 AM
#17466   One more heavy dose @ 1 coming, then floridaboy 01/14/18 09:11:02 AM
#17465   With all the accumulation that has been going go for the money 01/14/18 09:08:13 AM
#17464   Correct...Big bounce coming, sooner than later floridaboy 01/14/18 09:05:45 AM
#17463   There has not been a R/S since 2014.. go for the money 01/14/18 08:35:20 AM
#17462   You believe no reverse split then? alsteps 01/14/18 04:05:59 AM
#17461   It will blow by them 3's as soon go for the money 01/13/18 12:19:30 PM
#17460   I think we will get the financials feb Action86 01/13/18 12:07:38 PM
#17459   Where are the Financials? alsteps 01/13/18 01:41:19 AM
#17458   It's so disappointing that this POS stock has iwant1mil 01/12/18 11:46:15 AM
#17457   ZERO volume, more dilution. I have my Engineer in Colorado 01/12/18 10:56:03 AM
#17456   OOPS... $20,000 not 420,000 :) I wish Engineer in Colorado 01/12/18 09:22:39 AM
#17455   Well, when I get my refund and bonus, Engineer in Colorado 01/12/18 09:21:45 AM
#17454   oh hohoo! SOUNDS LIKE DESPAIR , ANGER, HOPELESS, klimanjaro 01/12/18 07:33:25 AM
#17453   I learned my lesson from this stock and Engineer in Colorado 01/12/18 02:17:13 AM
#17452   stay out of the POS, got burnt bad shepdog11 01/11/18 06:12:07 PM
#17451   No I have some of there preferred series Mikethomson2099 01/11/18 09:30:52 AM
#17450   Hopefully, the CEO will have a "come to Engineer in Colorado 01/11/18 08:39:41 AM
#17449   Sitting on 30 million shares , I have go for the money 01/11/18 07:20:32 AM
#17448   We all know it a R/S is coming, alsteps 01/11/18 03:16:45 AM
#17447   6/23/2014 - 20,000 to 1 reverse split FNRC goforit1 01/10/18 04:19:39 PM
#17446   I bough at .0003, so I rather take iwant1mil 01/10/18 02:55:30 PM
#17445   I bought at 0.0004 so I cant get Engineer in Colorado 01/10/18 01:57:53 PM
#17444   So glad I'm out of this scam. Company iwant1mil 01/10/18 01:54:01 PM
#17443   Mikethomson, are you getting shares from the company? Engineer in Colorado 01/10/18 01:50:10 PM
#17442   Waiting for the RS so I can convert Mikethomson2099 01/10/18 12:09:04 PM
#17441   Yo Malone! klimanjaro 01/10/18 08:49:10 AM
#17440   HI Malone klimanjaro 01/10/18 06:52:11 AM
#17439   Could not disagree with that, same pattern coming alsteps 01/09/18 01:18:03 PM
#17438   I'm telling you a RS in the next Mikethomson2099 01/09/18 01:00:13 PM
#17437   The buying frenzy has come to a screeching Engineer in Colorado 01/09/18 12:23:04 PM
#17436   Just don't make sense to continue diluting at iwant1mil 01/08/18 06:43:47 PM
#17435   I know goforit1 01/08/18 12:22:05 PM
#17434   The problem is GETTING OUT! You cant Engineer in Colorado 01/08/18 12:14:25 PM
#17433   Decision made- getting out early (000) goforit1 01/08/18 12:00:52 PM
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