My Potential Millionaire Maker Alert!!
Written by Michael Hall on December 16, 2013. Posted in General
Enter Sandman
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Small Cap Live Presents:
1st NRG Corp
Symbol: FNRC
www.1stnrg-corp.com
Top 10 Reasons to Buy FNRC
1. Major breakout started today, tapping the $0.0006 resistance mark. The chart opens up wide after $0.0006. Full size chart: preview.tinyurl.com/nc87eso
2. FNRC holds 100% of the working interest in 8 locations before payout, and 66% after payout
3. Clabaugh Ranch Field, a CBM field located in the Powder River Basin of Wyoming, with renewed maintenance and repairs has increased field wide gross production approximately 50% to over 800 MCFD
4. Clabaugh Ranch Field: Wire line logging shows gross pay zones of approximately 150-200 feet
5. Ohio: Utica shell play due diligence is being completed on the leasehold along with the drilling plan for the test well. The Company expects the test well to be drilled in Q1 2014.
6. The drip system water supplements and enhances the local water supply for the native grasses, hay, etc.
7. The drip system capacity is approximately 15,000 bbls/day – the field produces approximately 7,000 bbls/day and the system can expand to 30,000 bbls/day if necessary.
8. Expects to drill the first well by the year-end, 2013
9. Float 207,434,355 a/o Sep 30, 2013
10. OTC Pink Current Information
The Company
1st NRG Corp. (OTCBB: FNRC.PK) is an exploration and production company headquartered in Denver, Colorado whose activity to date has been centered on development of the Clabaugh Ranch Field, a project developing and producing coal bed methane reserves (CBM) located in the Powder River Basin of Wyoming.
The targeted coal seams in the Powder River Basin are part of the Tongue River Member of the Fort Union formation and have been extensively mapped as natural resource developments and exploration have occurred throughout the region. Industry data from many wellbores drilled by others, allow the Company to estimate the extent, thickness, gas saturation, formation pressure and relative permeability of the coal seams.
This reduces (but does not entirely eliminate) the risk of drilling unproductive wells. The Company has experienced a 100% success rate at Clabaugh Ranch where the 42 drilled wells have encountered developed coal seams in the Werner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. Well log analysis of the drilled wells demonstrates gross pay zones of approximately 150-200 feet, the most significant of these being the Werner, Wyodak/Andersen, and Gates coals. Clabaugh Ranch is about 20% developed; currently the 42 drilled wells are commingling gas produced from three coals – the upper and lower Smith, and the Wyodak/Anderson.
In total the Company has identified 515 separate coals seams for development of which only 126 (42 wells X 3 seams) have been completed. There are 8 permitted locations for future development and acreage for 28 additional locations which will be permitted in the future.
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