Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Once retail stops selling this will begin to run. BMIC has moved on and she's ready to roll.
Great advice. News is coming soon and this will begin to rise. Agreed that the 1’s are all retail. Feel sorry for people selling with the run so close. Oh well. Their loss.
I think people are starting to realize they need to get in before the explosion coming soon with filings imminent.
Looking like 6's today.
This will run as soon as the retail noobs sell off all their holdings for a loss. Such a shame, bmic backs off and now they cry and panic sell over a few selling at a loss. And those few crying the sky is falling just let us add to our pile.
Good morning FNRC. Looking forward to some more good trading action this week. Getting close to a run.
10 bagger on the way.
Nice few days of accumulation last week. Should test new highs this week.
Looks like we are in for some fun times ahead. Should be a nice runner here.
You are absolutely right about that. Way past due for the run.
Yep, and Fins could/should be any day now.
1st NRG Corp. Announces Joint Venture and provides Q4 2017 Corporate Update
Denver, Colorado, Dec. 12, 2017 (GLOBE NEWSWIRE) -- 1st NRG Corp. (OTCBB: FNRC.PK), an exploration and production company headquartered in Denver, Colorado, has issued its Q4 corporate update to shareholders on the Company’s progress.
The Company is pleased to announce that it has agreed to participate in a new joint venture to be owned 20% by the Company and 80% by others. The joint venture partners combine resources and talent with the Company in identifying and acquiring CBM assets we believe will be beneficial to all. 1st NRG will make available to the joint venture a Letter of Intent executed by the Company in October 2017 to buy 422 CBM wells containing an estimated 45 BCF of natural gas reserves as estimated by an independent third party engineering firm. We will also contribute verbal agreements to buy the balance of the working interest at Clabaugh Ranch which we estimate would add 11 BCF of natural gas reserves.
The joint venture already has the following acquisitions under contract:
Approximately 60,000 acres containing approximately 600 wells to be returned to production. After closing, work will begin to increase production from existing wells to an estimated 20 MMCF/D. The anticipated work program will take 12 months and will be a combination of turning on inactive wells and targeting strategic workovers coupled with related cost optimization. Reserves are estimated at 43 BCF of developed 3P natural gas reserves per a third party engineering report.
Approximately 400 shallow CBM wells on 92,000 net acres currently producing 22.5 MMCFD with gross income of approximately $1.8M per month and net revenues from operations of approximately 400-500k per month. The wells contain an estimated 98 BCF of 3P reserves natural gas reserves per a third party engineering report and the acquisitions include mid-stream assets consisting of 72 miles of pipeline capable of 125 MMCFD of throughput capacity.
The joint venture has non-dilutive funding committed to the projects, and formal documentation of the joint venture is being finalized.
We are also finishing Q3 2017 reporting for the OTC Markets.
About 1st NRG Corp.
Our activity has been centered upon the development of coal bed methane reserves in Wyoming where through our wholly owned subsidiary, 1st NRG Wyoming, we operate and hold a working interest in 43 producing wells, 3,059 undeveloped acres and an estimated 18.5 Bcf net to our interest. 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.
Contact:
Brad Holmes
Energy IR: b_holmes@att.net
(713) 304-6962
Please follow us to keep up to date on the latest corporate developments:
https://twitter.com/1stnrgcorp
Forward-looking statements in this release are within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 as amended. A statement identified by the words “expects,” “projects,” “plans,” “feels”, “anticipates,” and certain of the other foregoing statements may be deemed “forward-looking statements.” Although 1st NRG Corp. believes the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release.
Source: 1st NRG Corp
© 2017 GlobeNewswire, Inc.
I picked up a couple mil more.
Agreed, she’s ready to run soon. Not many 1’s left to be had. Probably a few more foolish retail sellers, but then we fly.
Agreed, doing the same here.
Back to 2’s, maybe if no one places a bid at .0001 we can stay in 2's. LOL
It's at .002. And it's retail that keeps pushing back down to .0001.
Notice it says "opportunity to complete transaction", no guarantee they can. Also says "cannot provide any assurance if complaint will be dismissed", Sounds like plane deal is over to me. Bye Bye share price. So sad.
Like I said .11's here today. .08 next week. Looks like the longs will be playing Picasso again at the close.
Yep, down to .12 from $1.00. Sounds real strong to me. LOL Or you could look at it like down to .12 from .25 60 days ago. Where's the strength ????
Smart money starting to bail knowing this will be going much lower.
Looks like you might want to move it down a little lower after that 75k dump. Likely more coming.
He's not going to close the Company. Through BANKRUPTCY he will own all of the Company and take it private. That was his plan all along. Like y'all say, Billionaires aren't stupid.
Thinking .0023 today. Great action yesterday should continue today.
Looks like .11's will be here today. Maybe even lower. Sub silver here before you know it. When fins hit we go to .04
Positive results only come with positive attitude. I know it's hard with this one but hang in there. What else can we do. It will run in the near future.
Looks like you are on the money with this one. 75,000 sells in .13 range, 5000 buys in .14 range. Looks like people are catching on to the dire straights the Company is really in.
Don’t forget they have a $750,000 deposit from customer B that they have to pay back, minus any damages awarded. But after the plane debacle, I would bet the contract is full of holes and not many damages if any will be awarded.
Couldn't have said it better Rob. The "Johan" will always win. Like Buck says he's a billionaire for a reason. Too bad they all believe He will take them with them to a payoff.
This will run on Monday!
The last 10Q says 100 Mil AS.
So if we all agree that the AS is 29 Million, and OS is 24,536,004 million that leaves 4,463,996 shares left in AS. There were 2 S-1A yesterday. One for 4 million share for GHS and one for 5,842,404. That's 9,842,404 shares that are supposed to be issued. With only 4,463,996 shares left AS how are they going to do this? That's 5,378,408 shares more than AS. Then if plane deal goes through that's another 6,730,769 shares which would put it at 12,469,177 over the AS. How are they going to do this? also the Equity financing agreement says GHS can not own more than 9.99% of common stock at any 1 time. If AS is 29 million why does S-1A say they are giving 4 million shares to GHS? 9.99% of 29 million is roughly 2.9 million.
So what you are saying is, TMPS can't buy the planes because after the 4 million shares in the S1 yesterday we will be at the total AS. So that also means they can not access anymore of that equity line for the same reason. NOT Enough shares left in the AS.
Keep telling yourself that. 3 months ago OS was 17.8 million. Now it's 24.5 million. That's about 50% Increase in shares in 3 months. Now they're going to issue 4 million more.Which will make it 28.5 million OS.Or about 65% increase in OS. If plane deal ever goes through( not likely ) that's another 6.7 million shares which will make it 100% DILUTION. Not to mention the non-paying contract which they will have to repay back $750,000 deposit minus damages if they can win. Kinda hard to do when you only have $24,000 in cash on hand as per last 10Q. I don't even want to go into the 77.5 million possible shares converting in April at .08. Doesn't sound manageable to me, what with losing 40% of their revenue per their last 10Q. Share price is showing it's not manageable too.
More DILUTION. Looks like .04 on way sooner than I thought.
You might be on to something. The Johan can put this in bankruptcy and be the only shareholder to come out with his shares intact.. Hmmmmmmm
Savvy investors realize that billionaires need big tax write offs to offset their profits from real Companies they own. That’s why He bought into this “tax write off”. Oh, and he gets a private jet to boot.
Once this gets down to the GAP at .04 it might be a decent buy. That should happen when next Financials are released exposing all the ineptness of this management team. IMO
Looks like another day of good things happening here. 60,000 shares bought on ask and it's down over 20%. Good things happening.
I think we will see 2's again today.