1st NRG Corp. finalized an agreement to develop approximately 7,150 acres in Eastern Ohio. 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. The company also finalized an agreement which will deliver an Oil and Gas lease and surface use agreement for 1,370 acres located in Banner County Nebraska.

1st NRG Corp. has entered into an agreement which will deliver an Oil and Gas Lease and surface use agreement for 1,370 acres located in Banner County Nebraska. The company expect the area to have possibilities to develop the Niobrara Shale which is being compared to the Bakken Shale in North Dakota. Located in the Denver Julesburg Basin which extends from Southeast Wyoming and Southwest Nebraska into Northeast Colorado, the acreage will provide the company with possible oil, natural gas and natural gas liquids development in the Niobrara Shale, as well as the Codell, Greenhorn, D and J Sands. Industry estimates of the possible Niobrara Original Oil in Place (OOIP) are 30 million BOE per section, however recoverable oil, natural gas and natural gas liquids will vary by area, thickness, porosity and fracture systems.

1st NRG Corp. announced that further to its October 23, 2012 announcement it has executed the final documentation for the credit facility of up to $7,000,000. The facility will allow the Company to draw in one or multiple tranches as agreed to between the lender and the Company. The Note will mature in three years and will bear interest at 8%. Any outstanding amounts due under the Note may be converted at maturity into the Company's common stock at the average of the lowest bid for the ten days prior to conversion.