1st NRG Corp (FNRC)

[cropduster08]

I just found and read the update you are talking about. Thanks for mentioning it.

FNRC confirms the well got drilled in Ohio, but says the core samples are still being evaluated. We knew this already. The new information from the company is that they are encouraged by the pressure in the test well. This is good news, but we aren't there yet.

The lawsuit you are talking about concerns the lease agreement for the methane wells in Wyoming. Looks like the operator is not paying the owner of the land like he is supposed to. Anyway, looks like FNRC joined with a suit of their own against the operator to get the ball rolling. Hopefully this will resolve itself soon.

In the meantime, Ohio is where the potential action is. It is good to hear about the pressure in the test well, but I still don't understand what is taking them so long to make a decision about what the core samples mean. No doubt the current low price of oil is a factor being considered.

Good luck. Because we're going to need it. Drilling for oil is about good luck, to a large degree. Its also about money and geology, just to name a couple of other factors.

Cropduster