1st NRG Corp (FNRC)

[cropduster08]

Deanerys, I did a little research, so let me try to answer your question about how long it will take FNRC to get 6.9 bcf of gas from the upcoming 8 wells that it has a 100% interest in.

Once all 8 wells get up and running, it looks like total production could be anywhere between .7 and 1 bcf of methane gas per year, at least initially. After the dewatering and stable production stages, production drops off in the decline stage. Just a guess would be that it could take 10 years or longer to secure the 6.9 bcf that Mr. Norris is talking about for the 8 new wells in Wyoming, if all goes well. I believe the first of those 8 wells has already been drilled and should come into production soon.

Here is a link to read more about coalbed methane production:

http://en.wikipedia.org/wiki/Coalbed_methane

My take is that the Wyoming coalbed methane operation has the potential to get the company back in the black, providing the 8 new wells come on line in a timely fashion. But, the rocket fuel that FNRC really needs for the share price is for FNRC and its partner to start drilling in the Utica Shale of Ohio and hit oil. Considering the fact that FNRC and its partner have already purchased 40 acres for the drilling pad bodes well for good news later this year.

Cropduster