1st NRG Corp (FNRC)

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1st NRG Corp Provides November 2015 Operations Update For Immediate Release November 16, 2015 –Denver, CO – 1st NRG Corp. (OTCPK:FNRC), an independent exploration and production company engaged in the development of oil and gas properties in the Powder River Basin of Wyoming and the Appalachian Basin in southeast Ohio. The Company is pleased to announce total revenues for the nine months ended September 30, 2015 increased 305% to $68,705 when compared to the nine months ended September 30, 2014. This increase was driven by our activity in the second quarter of 2014 where we negotiated new oil and gas leases and a Surface Use Agreement which enabled the Company to begin operations in Wyoming and increased our net wells from 1.22 to 18.22 and our net acreage position from 690 net acres to 1,954 net acres. The increase in net wells and corresponding net production brought the Company to an average of 274 mcfd for the quarter ended September 30, 2015 contributing to an increase in total revenues for the quarter ended September 30, 2015 of 838% to $48,531. Since taking over operations of the Clabaugh Ranch CBM field in June 2015, we have begun a program to restore production from existing wells and complete reserves in coal seams currently behind pipe. Our current asset base at Clabaugh Ranch is about 66% developed with 31 of the 43 drilled wells are commingling gas produced from three coals – and 11 are now open in five coal seams. In southeast Ohio the Beekmantown Dolomite has been perforated and acidized. Flow testing and swabbing indicated the well is capable of producing both oil and natural gas. Pumping equipment is being sourced for the well and once on pump, we will have a much better idea of the rates of flow. Current commodity prices do not lend a sense of urgency to bringing the initial production online. Forward Looking Statements 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. A statement identified by the words “expert”, “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. Contact: Brad Holmes EnergyIR [e-mail] [phone]