1st NRG Corp (FNRC)

[WG1mil]

So I just read back thru the quarterly and I am liking this company more...

Yes they issued a ton of shares in 2016 but it appears it was their compensation as they had wells that stopped producing revenues in dec 15 and then again in16. I think the acquisition will be buying out their partners from the WY operation. The filing makes it sound like the two other partners stopped paying and they are working to buy it. OH is the other pipeline that broke down and they expected it to be operational in Q2. Today is day 3 in Q2 and they tweeted it was about operational.

It appears they went all of 2016 without any revenues. So putting numbers up in '17 will be huge - especially if they are now 100% owner of the WY property. Which I think someone posted an article calling it one of the best places for production in the us or something along those lines.

Already undervalued based on assets vs liabilities ( should be in the .001-.0012 range) but obviously no incoming revenue deters investors.

Let's hope that PR continues some revenue projections and if we are lucky an extra nugget of a retirement (retirement is 100% speculation but makes sense to get their pps back to where they should be - especially with them owning o we 5.1bil of 6.4o/s)

All imho and let's hope Kevin is doin work and not just blowing smoke.

GLTA