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1st NRG Corp. provides corporate update


Published Jan 23, 2014
1st NRG Corp.

1st NRG Corp. has completed the drilling phase of the Clabaugh Federal 42-15-5376 WA, the first well in a planned eight well development drilling program. The well was drilled to 1680' and as expected, wireline logging identified approximately 200' of developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations. The Company currently holds a 100% working interest in the well and the other seven wells in the current development drilling program. The Company has begun completion work and anticipates first flow of natural gas in Q1 2014.

In SE Ohio, the initial location selection and the drilling plan for the test well has been extended 60 days to allow for additional due diligence. The Company now expects the test well of about 6,000 feet in depth to be drilled in the second quarter of 2014.

Tags: 1st NRG Corp.




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