New Trade Idea:
1st NRG Corp. (FNRC)
Tuesday’s Closing PPS: $0.0005
… **FNRC** is a sub-penny trade opportunity that could provide traders with intra-day gains of up to +220pct today.
This is based on the fact that shares of (FNRC) were trading as high as $0.0016 back at the end of December! Just think about this for a second…
… FNRC opened at $0.0004 on December 16th and hit a high of $0.0016 on December 20th! Traders witnessed potential gains of up to +300pct in just 3 trading sessions!
Go and take a look at the chart for yourself. You’ll notice that shares have consolidated back down to the same price range it was at when traders witnessed that +300pct move up! Why Wait?
Get **FNRC** Front & Center On Your Trading Screen Immediately and Begin Your Research!
FNRC is a genuine energy play that is loaded with potential profits of up to +300pct.
Remember to always do your own research and due diligence and that I’m not a licensed financial advisor.
Right now it trades at $.0005. One of the main catalysts behind this one is that OTC Markets has their entire market-cap at just $2.8M.
We have done several small market-cap plays over that last few months that have exploded for double and triple digit gains after I gave you the ticker.
The laws of supply and demand take effect and big runs can potentially ensue.
Now I’m not saying that is what will happen today but I like the short-term gain potential on this one a lot!
On December 16th, FNRC ran from a low of $0.0004 and hit a high of $0.0016 per share on December 20th.
Did you read what I just wrote? Traders got a REAL CHANCE to capture REAL GAINS of up to +300pct in just 3 trading sessions!
Shares of FNRC have consolidated back down to the same levels it exploded from before! Now is the time to get FNRC on your radar before a potential BREAKOUT occurs.
More Short-Term Indicators:
Recent Candlestick Analysis: VERY BULLISH – Homing Pigeon
Exponential Moving Average (EMA) Analysis: VERY BULLISH
Moving Average Convergence Divergence (MACD) Analysis: VERY BULLISH
Stochastic Analysis: BULLISH
20 – 50 Day MACD Oscillator: GREEN
FNRC Company Profile
1st NRG Corp. ( OTC PINK : FNRC ) is an exploration and production company headquartered in Denver, Colorado. Their activity has been centered upon the development of coal bed methane reserves in Wyoming where they operate and hold a working interest in 43 producing wells and 3,059 undeveloped acres. The undeveloped acreage could be permitted for up to 36 additional locations which are characterized by what they believe to be low geologic risk, a repeatable development opportunity and are offsetting wells which all demonstrated developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations.
In 2015 they expanded our activities into a development of acreage in SE Ohio encompassing approximately 7,000 acres. They hold a 35pct working interest in a development well completed in the Beekmantown Dolomite. They currently hold 100pct of the offset development rights.
The coal seams in the Powder River Basin that are targeted have been extensively mapped from many the wellbores drilled by others and their selves. This allows them to determine the extent, thickness, gas saturation, formation pressure and relative
permeability of the coal seams , thereby reducing (but does not entirely eliminating) the risk of drilling unproductive wells.
Pursuant to approvals from the Wyoming Oil and Gas Commission (the “WOGC”), gas production at Clabaugh Ranch has primarily been comingled from three coals: the Schwartz, the Anderson and the Canyon coals. They have begun a program to perforate and produce the Cook and Wall coal seams which are identified as PDNP reserves behind pipe. They expect that in time, using the same well bores and capital equipment (pumps, electricity, water and natural gas gathering systems)
will result in lower total development and operating costs per mcf for the property. They also expect cumulative recovery by simultaneous multiple seam production to be greater than single seam production and result in lower per mcf operating
costs and longer well lives.
Gas production from CBM wells usually is accompanied by production of significant volumes of water from the coals. Water quality varies with the chemical composition of the depositional environment when the coals were formed. Depending on water quality, local land conditions and regulations, water disposal can be a relatively expensive cost of production. Disposal methods range from reinjection, treatment plants (reverse osmosis or ion exchange), and impoundment systems (ponds) to evaporation sprinklers, irrigation and surface disposal.
A subsurface irrigation system was installed for the Clabaugh properties. Water from the wells (which is potable) is piped to an underground system of dispersal pipes where water seeps down into the alluvial till just below the ground surface.
This technique (originally developed as an underground irrigation method – designed to limit evaporation) has been approved by the Wyoming Department of Environmental Quality for use where core drilling shows the subsurface can hold the water. This method is much less expensive than treating the water, and avoids overflow issues associated with impoundment ponds. 1st NRG is taking this process one step further by permitting a tool which will allow them to dispose of produced water within the existing wellbore.
The ARID™ Aquifer Recharge Injection System was developed in order to solve the problems and costs associated with the surface discharge of CBM /CSNG produced water. This Aquifer Recharge Injection System has proven to satisfy the needs of CBM Operators, as well as landowners, environmentalists, and regulators as the safest and most cost effective method of removing water from a gas producing coal seam while at the same time saving the water in another aquifer all in the same well bore. ARID Aquifer Recharge Injection is now considered a “Best Practice” by CBM / CSNG gas producers that want to eliminate the cost and time associated with surface water discharge.
Overview of Coalbed Methane (CBM) and the Powder River Basin
CBM is natural gas that is trapped within buried coal and is stored, or adsorbed, onto the internal surfaces of the coal face. Geologists have long known that coal was the source for natural gas found in many conventional accumulations, but coal beds were not targeted for production due to high water content and minimal natural gas production. Following a West Virginia mine explosion in 1968, the U.S. Bureau of Mines began to examine ways of removing methane from coal prior to mining. The Bureau of Mines demonstrated that CBM can be produced when large volumes of water are pumped from a coal seam. In a process known as dewatering a submersible pump is set below the coal seam, and the water column is pumped down, reducing the pressure in the coals.
As pressure in the coal bed formation is reduced, CBM is released through a process called desorption. CBM then moves into naturally occurring cracks, or cleats, in the coal, and then to the well bore. Cleats are natural fractures in the coals and are a result of ages of geological stresses. The cleats are generally filled with water, so the static water level above the coal must be reduced, which then lowers the reservoir pressure allowing desorption to occur. Thus, unlike producing from a conventional natural gas reservoir, reservoir pressure in a coal bed formation must generally be reduced to allow for production of CBM. Because of the necessity to remove water and reduce the pressure within the coal seam, CBM, unlike conventional hydrocarbons, often will not show immediately on initial production testing. Coal bed formations typically require extensive depressurization through dewatering before desorption can occur and the methane begins to flow at commercial rates.
The Powder River Basin is an asymmetrical structure and sedimentary basin bounded by the Bighorn and Black Hills uplift and the Casper Arch. The Paleocene Fort Union formation crops out along the basin margin and is overlain by the Eocene Wasatch formation in the central and western part of the basin. The Wasatch and Fort Union formations contain numerous coal beds, some of which approach 250 feet in total thickness. The Fort Union formation is divided, in ascending stratigraphic order, into the Tullock, Lebo, and Tongue River members, with the majority of coal and CBM production being produced from the Tongue River member.
The majority of Powder River Basin CBM reserves are found in the Fort Union formation. Extensive drilling in the Fort Union formation (over 25,000 drilled well bores) has provided supporting data indicating that this formation contains numerous coal beds which are generally continuous, extremely permeable and are relatively shallow (less than 1,000 feet deep) and low in rank (geologic maturity) compared to other coals in the Rocky Mountains.
Drilling and Production
CBM wells in the Powder River Basin are drilled with small truck mounted rig drilling through the base of the Fort Union Coals and then setting casing and cementing the well to the surface. The coal bed seams are then completed by perforating the casing at the target coal (or coals) and the coal face is then cleaned out and flushed by pumping water at high rates into the coal seam. Once the well is completed, a submersible pump is run into the well on production tubing to pump produced water from the coal seam. As the coal dewaters, gas flows up the casing to the surface where the methane gas and produced water are metered. The gas then flows to a central compressor station where it is compressed into a high-pressure pipeline for sale. The water is gathered through a pipeline for disposal. CBM production generally is continuous to ensure a constant low-pressure natural gas and water flow and to sustain a commercially viable operation.
They intend to use drilling, completion and production practices that utilize technological advances in cementing, multiple zone completions and programmable submersible pumps. These techniques minimize damage to coal zones, preserve the potential of coals behind pipe, and reduce cementing costs. Multiple zone completions allow for the successful perforation of multiple zones which reduces capital costs over the life of the wells. Programmable submersible pumps and telemetry provide efficient means to best manage production and detect problems on a real time basis.
Continuing reading more about the company here: www.otcmarkets.com/financialReportViewer?symbol=FNRC&id=162589
Recent Breaking News
1st NRG Corporate Update December 2016
DENVER, CO–(Marketwired – Dec 20, 2016) – 1st NRG Corp. ( OTC PINK : FNRC ), an exploration and production company headquartered in Denver, Colorado, has issued a corporate update to shareholders on the past year’s progress and its plans for 2017.
CEO Kevin Norris noted, “These are exciting times at 1st NRG Corp.! We are embarking on a path which will launch us on a growth trajectory for 2017. Many of the steps to do that have been put in place over the past year, and we now expect to see the results of those efforts.”
The company’s 2016 highlights, and upcoming efforts include:
In November, the company announced the potential acquisition of a natural gas gathering system. The system will cover over 364 miles and give the Company access to over 100,000 acres of potential development. We are negotiating the purchase and sale agreement right now and hope to close in Q1 2017.
The Company expanded its activities into Ohio participating in a development of prospective acreage encompassing approximately 7,000 acres. In 2014, a vertical test well was drilled, logged, cored and cased to a depth of approximately 7,620 feet, testing the Utica Shale but ultimately completed in the Beekmantown Dolomite. The well has been acidized and pumping equipment has been installed; we estimate our share of reserves to be 251 MCFE and production to begin January 2017.
The company plans to bring the Clabaugh Ranch field in Wyoming back into production Q1 2017. Our estimated reserves at Clabaugh Ranch are 18.7 BCF.
The company is in discussions to raise $25-30 million dollars for the announced acquisitions and for a few that are planned.
CEO Kevin Norris continued: “While commodity prices in 2016 led to us being a bit inactive, this year it is turning around and we are set up to hit the ground running.”
View the entire article here: www.finance.yahoo.com/news/1st-nrg-corporate-december-2016-133000533.html
With 220pct real upside potential based on the fact that it soared to $0.0016 from the same undervalued levels in December… Why wait?
Start your research and due diligence on FNRC now.
P.S. – My track record has been seriously awesome! Just take a look at some of my biggest verified winning trade ideas below:
My Top Trade Alerts
9/1/16 – (SMCE) Ran From .0248 to .035 = +41pct
9/6/16 – (DCLT) Ran From .0028 to .013 = +364pct
9/13/16 – (FLCR) Ran From .0016 to .0065 = +306pct
9/20/16 – (QPRC) Ran From .0022 to .006 = +172pct
9/23/16 – (BLGA) Ran From .0079 to .0155 = +96pct
9/27/16 – (PSNX) Ran From .0089 to .014 = +57pct
9/30/16 – (CORMF) Ran From .4601 to .558 = +21pct
10/04/16 – (AOXY) Ran From .05 to .11 = +120pct
10/07/16 – (ELRN) Ran From .01 to .0425 = +325pct
10/10/16 – (UNDT) Ran From .02 to .145 = +625pct
10/13/16 – (PLLX) Ran From .0388 to .1529 = +294pct
10/18/16 – (ABBY) Ran From .004 to .01534 = +283pct
10/21/16 – (EMAV) Ran From .005 to .0606 = +1112pct
10/25/16 – (ACNV) Ran From .007 to .018 = +157pct
10/27/16 – (NSEH) Ran From .012 to .0299 = +149pct
11/04/16 – (JFIL) Ran From .014 to .0375 = +167pct
11/09/16 – (CGYG) Ran From .03 to .06 = +100pct
11/18/16 – (DTST) Ran From .05995 to .13 = +116pct
11/28/16 – (IEGH) Ran From 5.00 to 5.95 = +19pct
12/02/16 – (KSIX) Ran From .36 to .48 = +33pct
12/06/16 – (STLT) Ran From .58 to .80 = +37pct
12/21/16 – (EMAV) Ran From .0065 to .024 = +269pct
12/22/16 – (ECEZ) Ran From .007 to .0101 = +44pct
12/27/16 – (AEXE) Ran From .0145 to .027 = +86pct
1/10/17 – (KDRH) Ran From .0169 to .076 = +349pct
1/19/17 – (ASTI) Ran From .0023 to .0078 = +239pct
These Percentage Runs Are Based From The Open To HOD
Make sure to always do your own research and due diligence on any day and swing trade alert I bring to your attention. I am not a licensed financial advisor.