1st NRG Corp. Stock Analysis FNRC

1st NRG Corp. is an exploration and production company, which engages in the development of natural gas producing properties in the powder river basin of Wyoming. The firm is engaged in the exploration, development, production and sale of oil and natural gas. The company is engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company is also pursuing prospective acquisitions in coal bed methane (CBM) fields in the Powder River Basin of Wyoming. The company is involved in the development of CBM reserves where it holds a working interest in over 40 producing wells and approximately 3,060 undeveloped acres and in Ohio. The company has an acreage encompassing approximately 7,000 acres. A vertical test well was drilled, logged, cored and cased to a depth of approximately 7,620 feet and testing of the well, the results of a diagnostic fracture injection test and analysis of the cores, proved inconclusive in the Utica Shale. The firm holds an interest in the well and is proceeding in over two zones of interest, the Conasauga formation and the Beekmantown Dolomite.