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1st NRG Corp (FNRC)

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Last Post: 2/24/2018 2:03:09 PM - Followers: 226 - Board type: Free - Posts Today: 1

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
#17725   ty. puts us around 219m to go then TradeForProfits 02/24/18 02:03:09 PM
#17724   No, I got out last month, because after iwant1mil 02/23/18 09:38:24 PM
#17723   was that your purchase? Engineer in Colorado 02/23/18 03:18:58 PM
#17722   6 mil iwant1mil 02/23/18 02:17:35 PM
#17721   looking forward to updates on the JV they TradeForProfits 02/23/18 12:48:47 PM
#17720   Yea, once financials come out (and they are Engineer in Colorado 02/23/18 12:08:36 PM
#17719   they can't get any more as there is TradeForProfits 02/23/18 11:53:14 AM
#17718   4b float. stop sign won't allow more conversions. TradeForProfits 02/23/18 10:17:06 AM
#17717   that is strange, usually they move off, unless TradeForProfits 02/23/18 10:14:37 AM
#17716   Until we get a TON of money hitting Engineer in Colorado 02/23/18 10:08:22 AM
#17715   BMIC back. 25mil shares. ZZZZ good night FNRC. Engineer in Colorado 02/23/18 10:06:48 AM
#17714   think that was retail. didn't see a t TradeForProfits 02/23/18 10:06:47 AM
#17713   FNRC wake up $$$ Goodwills 02/23/18 09:36:39 AM
#17712   FNRC's website is down: http://1stnrg-corp.com/ Engineer in Colorado 02/23/18 09:35:45 AM
#17711   Not sure about the fake wall... I wont Engineer in Colorado 02/22/18 10:06:20 AM
#17710   Strange, my trades go through NITE, and yesterday goforit1 02/22/18 09:52:51 AM
#17709   This wont go up with here and there Engineer in Colorado 02/22/18 09:47:49 AM
#17708   NITE dumping 16 million shares. Boy I Engineer in Colorado 02/22/18 09:44:28 AM
#17707   Gotta be like 10 billion man...5 in the floridaboy 02/22/18 06:11:08 AM
#17706   Same here, was trying to take out those Malone 02/21/18 08:04:38 PM
#17705   I wonder how many s/o TRUSTUNITS1000000 02/21/18 07:07:03 PM
#17704   yup. hopefully other poster recalls the t trade TradeForProfits 02/21/18 07:05:52 PM
#17703   I had a buy in for 1 mil+ goforit1 02/21/18 06:41:53 PM
#17702   I agree, seller about done. Then we run. Malone 02/21/18 04:54:18 PM
#17701   yup. ABVG hit 0004 and i think it TradeForProfits 02/21/18 03:18:42 PM
#17700   no, dont think so. we know company has TradeForProfits 02/21/18 03:17:43 PM
#17699   u remember size on it? trying to keep TradeForProfits 02/21/18 03:16:05 PM
#17698   Fake wall, tried to buy a mil+ and goforit1 02/21/18 10:09:28 AM
#17697   Doesn’t that put us at Revenue if approx alsteps 02/20/18 12:38:39 PM
#17696   Is this another line of crap? AUDIO GUY 02/18/18 05:42:22 PM
#17695   Maybe 20 years until I am forced to ezbnsteve 02/18/18 02:12:23 PM
#17694   Almost in to March and the same old alsteps 02/17/18 10:09:02 PM
#17693   30m is just $3000 ezbnsteve 02/15/18 05:05:34 PM
#17692   Most likely that early morning t-trade was BMIC. iwant1mil 02/15/18 03:47:39 PM
#17691   Not saying it to is. Just that large Malone 02/15/18 03:44:03 PM
#17690   Dilution like that is never good... The2ndAmendment 02/15/18 03:32:21 PM
#17689   BMIC is back goforit1 02/15/18 03:29:26 PM
#17688   ABVG is around 10 billion and it’s at Malone 02/15/18 03:27:16 PM
#17687   Wouldn't doubt it. BMIC has been doing this The2ndAmendment 02/15/18 03:23:02 PM
#17686   All I know is there were like 12 Malone 02/15/18 01:19:16 PM
#17685   Hate to burst your bubble, but those were iwant1mil 02/15/18 01:05:16 PM
#17684   Haha I would, but I really don't want The2ndAmendment 02/15/18 12:47:24 PM
#17683   Buy 1 share to bring it up to Engineer in Colorado 02/15/18 12:39:02 PM
#17682   Lol, it's so depressing seeing .0001, I almost The2ndAmendment 02/15/18 12:11:06 PM
#17681   Any purchase now... even 1 share... will bring Engineer in Colorado 02/15/18 12:04:22 PM
#17680   Hahaha...nice! Thanks for the paint up. I've been cnote420 02/15/18 10:44:50 AM
#17679   nice, saw the .0002 print Rainer 02/15/18 10:22:56 AM
#17678   Ha! I pushed it to 2 :) Engineer in Colorado 02/15/18 10:16:30 AM
#17677   $80 will bring it to 2!!!! Engineer in Colorado 02/15/18 10:04:48 AM
#17676   Could fins and news be coming today? We Malone 02/15/18 09:19:42 AM
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