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Last $0.15 USD
Change Today 0.00 / 0.00%
Volume 0.0
FNRC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/22/15 All times are local (Market data is delayed by at least 15 minutes).

1st nrg corp (FNRC) Key Developments

1(st) NRG Corp. Announces Start of Development on Eight Locations in Wyoming's Powder River Basin

1(st) NRG Corp. announced the start of development on eight locations in Wyoming's Powder River Basin where it holds 100% of the working interest before payout. These shallow locations are approximately 1,900 feet in depth, and characterized by what it believes to be low geologic risk and a repeatable development opportunity. The operations offset existing wells, all of which have developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations. Successful implementation of this plan would significantly increase company's production and revenues.

1st NRG Corp. Provides Update on Current Drilling and Production

1st NRG Corp. announced a plan of development for eight locations in Wyoming's Powder River Basin. FNRC holds 100% of the working interest in these locations before payout, and 66% after payout. These locations are characterized by what the company believe to be low geologic risk and a repeatable development opportunity. The planned development is offsetting wells which all demonstrated developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations. Successfully instituting this drilling plans would potentially significantly increase FNRC production revenues. The company have been delayed by another energy company's protests of planned operations, finally, the protests have been dropped and the company is finishing the State permitting procedures. The company expects to drill the first well by the year-end, 2013.

1(st) NRG Corp. Announces New Drilling and Production Revenues for CBM Properties in Wyoming

1(st) NRG Corp. announced that it will begin drilling of CBM properties in Wyoming. The company has initiated a plan of development encompassing the drilling and completion of eight Federally permitted locations in Wyoming's Powder River Basin. FNRC holds 100% of the working interest of these locations before payout, and 66% after payout. Permits from the State of Wyoming are currently being prepared for State approval. The company current CBM properties are characterized by what the company believes to be low geologic risk as well as a repeatable development opportunity. The planned development is offset development wells to a field which encountered developed coal seams in the Warner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. Successfully instituting these drilling plans would significantly increase FNRC production revenues.

 

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