1st NRG Corp (FNRC)

[TRUSTUNITS1000000]

Revenues
Natural Gas Sales $ - $ -
COPAS Fees 14,884 14,884 29,769 29,769
Total revenues 14,884 14,884 29,769 29,769
Costs and Expenses of Operations
Transportation/gathering - -
Lease operating expense 12,246 12,246 24,492 51,189
Production taxes - - -
Total costs and expenses of operations 12,246 12,246 24,492 51,189
Operating Margin 2,639 2,639 5,277 (21,420)
Expenses
Management compensation 83,750 113,750 167,500 197,500
General and administrative 29,522 14,994 91,994 29,802
Total Expenses 113,272 128,744 259,494 227,302
Income (loss) from operations (110,634) (126,106) (254,217) (248,722)
Other Income (Expense)
Interest Expense (89,297) (83,588) (177,248) (168,101)
Total Other Income (Expense) (89,297) (83,588) (177,248) (168,101)
Net Income (Loss) $ (199,931) (209,693) $ (431,465) (416,823)
Net Income (Loss) Per Common Share $ (0.00002) (0.00004) $ (0.00005) (0.00008)
Average Number of Shares Outstanding 8,723,120,649

5,410,319,880 8,723,120,649

5,410,319,880