Agree with you...FNRC showing the same traits as the other stocks that you mentioned...It can take off like those...All the info and rising interest in this stock point to it!.
The Company finalized an agreement to develop approximately 7,150 acres in Eastern Ohio, one of the most active areas for oil, natural gas and natural gas liquids exploration in the United States. According to the Ohio Department of Natural Resources, there are over 250 approved permits to drill in the Utica shale, 15 well drilling, 128 that have been drilled and 47 producing wells. The play continues to develop and expand to the south and west. FNRC is still seeking joint venture partners for its prospect. http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/colorado-based-1st-nrg-seeking-utica-shale-jv-partners-1.378583
Significant producers within the Utica Shale are:
Anschutz Exploration (Sold Acreage to Chesapeake) Atlas Energy (Acquired by Chevron) Chesapeake Energy Chevron Consol Energy East Resources (Acquired by Shell) Enervest Epsilon Energy EV Energy Partners Range Resources Shell
Market Value $1,317,184 a/o Apr 02, 2013 Shares Outstanding 243,922,872 a/o Mar 18, 2013 Float 69,861,443 a/o Mar 18, 2013 Authorized Shares 500,000,000 a/o Dec 31, 2012
FNRC market cap under around 2 mil, FNRC has 14 mill in cash 17 mill in assets just received 7 mill financing, and leased around 50mil in property on the Utica shale[/b]
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