Last $0.60 USD
Change Today +0.235 / 64.38%
Volume 2.7K
FNRC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

1st nrg corp (FNRC) Snapshot

Open
$0.85
Previous Close
$0.37
Day High
$0.90
Day Low
$0.51
52 Week High
10/21/13 - $93.75
52 Week Low
09/24/14 - $0.10
Market Cap
326.4
Average Volume 10 Days
477.4
EPS TTM
$-1,000.00
Shares Outstanding
544.0
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for 1ST NRG CORP (FNRC)

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1st nrg corp (FNRC) Details

1st NRG Corp. explores, develops, produces, and sells natural gas properties in the United States. The company holds interests in the Clabaugh Ranch Field comprising 42 coal bed methane wells covering an area of 6,025 gross acres located in the Powder River Basin in northeast Wyoming. It also explores for oil, natural gas, and natural gas liquids in the Niobrara Shale that covers an area of 1,370 acres located in Western Nebraska; and the Utica Shale, which covers an area of 7,150 acres located in Eastern Ohio. 1st NRG Corp. is based in Lone Tree, Colorado.

1st nrg corp (FNRC) Top Compensated Officers

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Executives, Board Directors

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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FNRC

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Valuation FNRC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 11.6x
Price/Book 0.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

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