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I don't want to rain on anyones parade, but I did a little leg work on these folks. I have an old friend that lives in Denver and has practiced law in strictly the oil and gas industry there for over 30 years. I inquired about 1st NRG and what he knew. He has never heard of them. But, he did say he's not in tune to the hundreds of oil/gas companies in Colorado and all the different types of consultants or subs. Theres been more than adequate time for this little company to make a move, imo. Few more days, then I'll take what little I have left in it and move on if nothing has come to fruition. I hope it eventually works out for all of you willing to stay in.
I think we're there, are we not?
Why would you say that? They've only been working on a couple Joint Ventues since March 1st. The current schedule for announcemnet is suppose to be 12 working days from May 27th according to Brad Holmes.
I agree....I'm gone for sure. I have upset far too many to many on this board that what it the envitalbe of the results. I do hope I'm wrong for all of you long and strong. There is a reason for fnrc to be on this BB. I had hopes because of the high PPS in October, the oil/gas industry, something would be different. This 14 days has now turned into the next couple weeks, and now the next months, and now Ocotober. This is silliness. I'm gone as well. this is not a good senario. And this time, I'm gone. Unlike the paid promoters to lure all of you to stay in.
Oh for heavens sake, chill. We all get caught up in the moment, frustration, expectations, verifications, what needs to be done, what isn't being done....etc. The thing about these boards is there is no detection of demeanor nor voice fluxuations like in a phone call. Some folks are content with 2 years before some kind of results. Because 1stNRG has hit the .58 mark and because of the industry they're in, it's frustrating for the lack of speed of which things are accomplished. So chill, have a glass of whine. You're content in your world, and I in mine. Good Luck to You.
Reply as you wish. I repect that. I'm done ......... for the night. Enjoy your evening.
And again, simple business 101, the simplest basic rules of investing, building a business, knowing how to make a company grow and be productive to the shareholders and the money that they've invested within the company... do you know what that is?
And you too tradermac22! You and Whateverz flip flop form one end of the spectrum to the other from company support to shareholder support. What is your association with 1stNRG? You bash the company then compliment them. You both are pretty transparent what's going on here. I'll sell you my shares at .75 per share. Since you both are so confident in this company, this is a real steal and deal.
Happy Memorial Day to you both! As on this day, my focus has strictly been on the ultimate sacrifice made by our service men and women in armed forces.
My, my, soneone is testy. I meant that night. Possible new investors need to be aware of what's going on here. What exactly what is your involvement here to be so adimant about this company that has been in buisness since 1988 in one of the most lucrative businesses in the world? Proof is in the facts. Right now, not much is happening as we watch the PPS slip and go no where and the taunting of great news of a Joint Venture. You are entitled to your opinion as well as me or anyone else. You have no more investing ability and expectation of what's real or not in this venture. So, 10 buisness days is the goal for a big announcement on what's going on. Or is it a farce or a lure? Two weeks we will get an indication if it's true, or does the two weeks become 2 months, Or two years?
I commend you for your patience. You're exactly the kind of share holder companies love and in the minority as well. Excessive patience, no bugging about progress, PR's, etc. Simple buisness 101 is "new growth" for a company means survival and profitablility. Without it, companies are doomed. I must laugh at those that say "if I have to wait two years for JV news, then I will". Fact of the matter is, 1st NRG will most likely NOT survive without some kind of buisness play like the Joint Venture. They need to make this move and make it now. Far too many competitors laying in the shadows to take what they do not act apon.
Reads like alot of paper work.
What's AFE?
It's all a moot point anyway. Where they are is where they are.
It's all a moot point anyway. Where they are is where they are.
I'm done............
I will not post again. My views have been stated. For all yo new considering investors, lured in by what might be.....I think you can do much more or better some where else. There is thousands of better risks. There are only two employees!!! They've been in business since 1988. They can have funding if they get they're PPS to increase. It's gone down the past couple months.............FACT!! Adios............
I have...extensively and am confused why at this point and time progression, or shall we say, degression has gone from .58 to .0027 per share. I understand there are mitigating circumstances. I am a shareholder for now. He is responsible for my invested money. He is responsible for our money that is invested the company. And I'm saying with all do respect, I don't like it! If there is progression with the JV, what's the big deal? When might we know something?
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=414634
Go to this link, it clearly states, established in 1988, and only 2 employees. They need to produce now. Or forever hold their tongue. I don't know what there movtive is, but this is not a good business venture for new investors to consider.
They don't read these silly boards anyway.
New investors can find better risks than 1ST NRG!! Prove me wrong!! They won't, they can't. 1 month 2 months, on and on. The Joint venture will be hannging out there. The record speaks for it's self. If I'm wrong, I'll be the first to apologize.
Very difficult to find,and they hide it very well as they should in embarrassement for accomplishments.I tried to copy and paste the facts of 1988 and it would not do. Strange, or intended. I also see, there are only two employees. What are these two guys doing!! They maybe brokers in the industry. Nothing wrong with that, but the intention of luring investors in on Joint Venture possibility without producing is false advertising. Prove me wrong. Put up, or shut up. I will post the address of there date of start up.
Certainly seems to have the credentials and qualifications. This is from a PR in December of 2009. Goes on to say that.......
Mr. Norris has over 30 years of experience in the oil and gas industry. Most recently his activities have been focused in the Powder River Basin where he has been active in the drilling, operating, transportation and marketing of CBM gas. Mr. Norris founded and spent 15 years with e2 Business Services, Inc., a company which provided administration, marketing services and software solutions for producers in the industry. In 2006, Mr. Norris founded BlueCreek Energy and the company grew to own an interest in 78 coal bed methane producing wells, 42 of which were operated, with over 20BCF in 3P reserves.
Mr. Norris received a Bachelor of Science degree from Colorado State University and is a Past Chairman of the IPAMS Natural Gas Committee.
Management Comments
Dr. J. Greig, Chairman of the Board of Directors, said, "Mr. Norris's experience and qualifications will bring much needed expertise in operations and marketing which is key to our corporate growth. 1st NRG's strategy continues to focus on developing proprietary production coupled with product marketing. 1st NRG will initially focus on acquiring acreage in known coal bed methane and oil projects that have current production along with significant developmental potential. Mr. Norris has successfully operated coal bed methane fields and this along with his experience in gas marketing, scheduling and transportation makes him uniquely qualified to direct the day to day operations of 1st NRG
I dont' believe in specific time frames for event's to happen. i.e., October was the most recent spike in PPS, therefore will likely happen again in October. Business transactions occur as soon as the can when they can. 4 months is a long time considering Mr. Norris has been courting this idea for some time. Every day is a huge loss in revenue and profits without the big announcement. The bean counters calculate profits and losses for every second of every day. As I've mentioned, 1st NRG has been in this game for 25 years. If your ducks aren't in a row for a couple of quick Joint Venures or mergers at this stage of the game, then perhaps as I've mentioned before, new leadership might be needed. Just because one is a CEO doesn't mean one is a good one.
.23 per share, I might consider it after a cocktail.
I'd be glad to sell you mine for $1 per share. It's a steal!
Hey, all you can do is act upon the information given to you at the current time like we all did. The .58 per share price in October and the dangling carrot of supposidly joint venture any day now, would entice anyone in this one. Especially in the oil/gas industry where millions are being made.
How long of a marathon do you want? This race has been running since 1988. Time to cross the finish line and begin racing the next event.
Ok, before I check in for the night. It's a letter, from an attorney. For what reason, none of us have any idea. They've been in business for 25 years. Are we to believe they just secured an attorney for a Joint Venture acquisition? They've had attorny's for years. This was a mere fluff attempt at stimulating the activity. Good night all.
I think it's worth waiting until then (couple weeks). Beyond that, it's extremely risky. You folks with 2 million plus......yipes. That's a lot of faith. I've spent hours reviewing every post through the past years, and it ain't pretty. Sometimes in a year all they had was 12 posts. Months would go by before there was any attention. Not until October of 2012 did action take place. What sparked that? Now they are unresponsive, uninformative, and really give the appearence share holders are a nusanice. It's tough to swallow the pill, but I fear this is a misleading investment. It looked so promising..........I've run out of confidence....and you should too unless you just don't care about your money.
One has to wonder what does Kevin Norris does all day? As mentioned by many others, hardly any trading activity, no PPS movement but down. Supposidly two JV in the works but no updates of value (but then, they maybe limited to say anything by joing partners until ready). Maybe time for new leadership.
And you have a right to be. One looks at where the PPS has been, been in buisness since 1988, talk or rumors of a double joint venture, and even that is like pulling teeth. The paid pumpers advocate, "hey, if in two years you make millions, it's worth the wait". I don't think so, waiting 6 months, a year, 2 years. We all can find another investment of the month and run with it in the same hi hopes of something happening soon. If this doesn not come to fruition within a month or less, it ain't happening. That's my opinon and where I draw the line in the sand.
Which is pretty strange considering there was a PR or something to the like of stating 1st NRG had additional funding available, but the PPS had to get better before accessing the funds. It has continued to slip. The information from Mr. Holmes indicates that 2 Joint Ventures are being formed, not just one. If I'm reading that correctly. One would think one or both should be ready for announcement.
Now that's all impatient investors like me want. A nice little, current up todate statement of what's going on . Short and sweet. He doesn't need to update us every day. Maybe once every two weeks. Take 2 minutes of his time. Change or no change. Thank you.
It is our money, your money. And why did any of us sink some funds into this? Statements, encouraging sentences, that 1st NRG has drilling rights to Ohio and Bakken. One acts on the information given to them at the time. Wrong or right, there's no shame in that. They've been in business since 1988! In October they has PPS of .58. Then again, look where they're at. Sub penny nonsence and can't climb out of it.IN THE OIL AND GAS INDUSTRY!! In order to access additonal funding, they have to have a stronger PPS. They can't do it. They're web site is only updated through October when they hit the .58 PPS. Management can do alot better, but they choose not too.
It's all in the eye of the beholder. 1st NRG is not doing all it can or should be, especially in the interest of the investors. Again, for the millionst time, this company has been in business for 25 years! The PPS is the lowest it's ever been,EVER! PR's are not often, or as needed. You can view this all differently, I get that. That's fine. I respect that. For those of you that are content to let this company do as they do, in the most lucrative industry in the world, and to say they're doing all the right things, and you're content to wait a year, 5 years, 10 years until all comes to fruition, and even then, it's a roll of the dice. All any of us are asking for is the Joint Venture for real, or not. That's the only thing they've got cooking right now. Ok, let the arrows fly in rebutal. I respect all opposing opinions. GLTA.
I think I read that Mr. Norris is paid $260,000 per year in salary. For a CEO in the Oil/Gas industry (and not that I wouldn't mind making that)seems low. These guys generally are 2, 3 times that. The really big boys of course are off the charts. I agree, now that I've put alot of the puzzle together on this one, it is a joke. I've been out, back in. Going to give this a little time to see if for some quirky reason it climbs a bit and then scram. I've got better things to do with my money than sit on this for ever. GLTA
I think I read that Mr. Norris is paid $260,000 per year in salary. For a CEO in the Oil/Gas industry (and not that I wouldn't mind making that)seems low. These guys generally are 2, 3 times that. The really big boys of course are off the charts. I agree, now that I've put alot of the puzzle together on this one, it is a joke. I've been out, back in. Going to give this a little time to see if for some quirky reason it climbs a bit and then scram. I've got better things to do with my money than sit on this for ever. GLTA
I think it's silly to applaud a company for getting their home work in just at the bell. Has this report done anything for the PPS? Don't see that happening. This is going to go on forever at thes sub penny prices. We need a new CEO. Just because someone is a CEO of a company, doesn't mean they're a good one. Again, they've been at this since 1988, in a very lucrative industry. And again, the branding, the logo on the cover sheet looks like a kid cut and paste it on. Professionalism people, professionalism.
Why?
Why must they procratinate on this required report? I really don't care that much in quarterly reports anyway. I want positive JV news, something, anything. Now I'm reading like a basher, and I'm not. Just a simple, stupid investor with a little cash, trying to make it a little more cash.
If you've been in any game for some time, your network of contacts and association with companies throughout should be extensive, unless business bridges have been burned. Even larger issue is their lack of information on the progress of JV, drilling, exploration, PR's, what ever all they do. Nothing but fluffy information over the past months. I have an attorney in the oil/gas world and has been in the Denver area for many, many years. He has not heard of 1st NRG, but doesn't mean they don't exist. He was going to do some brief research on them and get back to me. I'll keep you posted.
I have posted in the past as to why has 1st NRG has not seeked drilling in their own back yard, the Bakken/Three Forks are in North Dakota. In further research, I was wrong. My bad. My apologies. They are! 9800 acres worth as posted Nov. 7th of 2012.
Why something isn't popping at this point is baffling. A Joint Venture or Merger at this point should be out. Why it is not, mystifies me as it does others. They've been in this game since 1988.
2012. left out a digit.
It's a lease. This PR is from September of 201, 8 months into it now From what this says, looks promising. I'm still confused why they are not involved in the Bakken fields in their own back yard. The PR says:
The Denver-based company entered into a letter of intent to develop about 7,150 acres in eastern Ohio, according to a press release. The seller was not identified.
The U.S. Geological Survey recently released its first estimate of the Utica reserves, showing the shale formation holds about 38 trillion cubic feet of undiscovered, recoverable natural gas, 940 million barrels of oil and 9 million barrels of natural gas liquids such as ethane and propane.
The lease is the first for the company, which has a non-operating working interest in Wyoming CBM wells, said spokesman Brad Holmes.
The lease is contingent on the successful drilling of test wells, for which a timetable has not been set.