Newsletter
| Promoter: | Penny Stock General | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| FNRC | $2000 | UNKNOWN |
| Max Profit: 0.00 % | Gain at close: 0.00 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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Good morning,
We are counting down to the opening bell anticipating a nice run for 1st NRG Corp (FNRC).
Yesterday FNRC traded on massive volume because of some important news the Company released.
They announced an update on their current drilling and production. You can read it below.
FNRC ran very nicely yesterday, and closed in the green. We think momentum will carry over today and we could see some nice gains.
Please read our report on FNRC at the bottom of this email so you can see why FNRC could be a nice winner today.
1st NRG Corp -- An Update on Current Drilling and ProductionDENVER, CO--(Marketwired - Dec 16, 2013) - 1st NRG Corp. (OTC Pink: FNRC), an exploration and production company currently developing and producing coal bed methane reserves (CBM) in Wyoming. 1st NRG Corp. (FNRC) previously 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 are characterized by what we 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. We have been delayed by another energy company's protests of our planned operations, finally, the protests have been dropped and the Company is finishing the State permitting procedures. We expect to drill the first well by the year-end, 2013. Our activity to date has been centered on the development at Clabaugh Ranch Field, a CBM field located in the Powder River Basin of Wyoming. We acquired our interest in the 42 wells which currently make up the field in August 2010. As commodity prices of natural gas have improved, renewed maintenance and repairs have increased field wide gross production approximately 50% to over 800 MCFD. The Company also previously announced an agreement for the development of prospective acreage in SE Ohio particularly seeking Utica Shale potential on an initial block of acreage of approximately 7,000 acres. The Utica shale play continues to grow. The State of Ohio has issued over 1,000 permits for horizontal drilling in the Utica since 2009, and 551 of those permits were issued in 2013. The Company will not operate, but will be carried in the initial vertical test well and participate in future development with a 20% working interest. Currently 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.
To read this press release in full, visit
http://finance.yahoo.com/news/1st-nrg-corp-current-drilling-133000640.html
All the best.
PennyStockGeneral.com
>>>>>>>>>>>>>>>> Last night's FNRC report <<<<<<<<<<<<<<<<<<<
Traders,
After a solid run of gains last week, I'm back to give you more opportunities to profit before Christmas.
Tomorrow our focus is squarely on 1st NRG Corp (FNRC).
FNRC released some solid news this morning that obviously resonated with investors, because the volume traded on FNRC today was insane.
And so we come to tomorrow...
Volume precedes price is an important maxim that experienced traders follow.
It means that, typically, a stock will have greater volume in the day(s) before a strong move.
We think FNRC could move higher off these levels tomorrow and possibly the rest of the week as the oversold chart continues the bounce that started today.
You see below FNRC is significantly oversold at these levels, and the news today woke investors up to this.
 You will also see on the chart that there is longer term support/resistance (a key level) at around the $0.0010 - $0.0012 level, which also coincides with all important 50 day moving average.
This level could be a magnet for FNRC, and would represent a 100% - 140% gain from today's close of $0.0005.
About 1st NRG Corp
1st NRG Corp. (FNRC) 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.
To continue your research on FNRC, visit their website at http://1stnrg-corp.com/
We think FNRC could be a very profitable trade tomorrow and is therefore our #1 pick tomorrow.
In fact, there is very little else that is interesting in the market right now, which makes FNRC even more enticing.
The Team
PennyStockGeneral.com
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