1stnrgcorp

1st NRG Corp. (OTCBB: FNRC.PK) is a exploration and production company headquartered in Denver, Colorado.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 The folks we are working with just bought 5000 CBM wells - and 400 miles of gathering infrastructure. They offset our Clabaugh Ranch field and have plans to return those wells back to production. Looking for an Investment Banker to roll everything up.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 We are working with a group that just bought 5,000 cbm wells and associated gathering. We need to strike a deal with them and our current WI partners, but we are on the clock now.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 We have not been offered any "good" deals - we have been offered some bad ideas. We have a path (maybe two) forward and hopefully not torpedoed by HORRIBLE natural gas prices in the Rockies.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 The plan is to get Clabaugh Ranch back up - the cash flow then enables the website, FS and OTC. And yea there are future plans after we get current ...

[1stnrgcorp @1stnrgcorp]

@goforit87419868 We have a few things working - we'll see who we get to the table first. Optimistically thinking we may be up July ish.

No opinion on the market.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 We're far from dead …… Still working to get Clabaugh Ranch back up

[1stnrgcorp @1stnrgcorp]

@goforit87419868 We're still in discussions with a couple capital sources - one in particular. 7-14 days is probably not in the cards.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 Yes - so far so good

[1stnrgcorp @1stnrgcorp]

@goforit87419868 Things are progressing - nothing worth announcing yet

[1stnrgcorp @1stnrgcorp]

@goforit87419868 It's still there - we need to unwind it. The conversion price is way out of the money.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 Thinking things will heat up in April

[1stnrgcorp @1stnrgcorp]

@goforit87419868 The FS will be updated as we resurrect our OTC listing. Getting the Company financed will grease the wheels for the FS and OTC filing as well.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 So far we are proceeding - and cautiously optimistic. Natural gas prices are helping, the US will exit the heating season at storage levels not seen since 2014. In 2018 Production grew 10.3% but consumption grew 10.5%.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 Yes. We don't have a timeline for restart yet.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 This should move fast. They are totally professional and have a large appetite for CBM.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 We are having discussions with a potential source of funds. We are third on their list.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 It looks like the US is making some progress in its dealing with China. As for LNG - exports of LNG have been increasing steadily (now 4.8 BCFD).

[1stnrgcorp @1stnrgcorp]

@goforit87419868 We ran into a 20M CBD deal. As you posted - going to stay focused on natural gas.

[1stnrgcorp @1stnrgcorp]

@goforit87419868 If we had $20M - we could do a CBD oil deal …...

[1stnrgcorp @1stnrgcorp]

@goforit87419868 Power is not the problem - raising the money to restart is the issue. Discussions are underway with a source of funding.