Denver, CO – October 8, 2012 – 1st NRG Corporation (OTC Markets: FNRC http://1stnrg-corp.com ) has
entered into a letter of intent with a private third party to initiate development of approximately 7,150 acres in
eastern Ohio.
Letter Agreement
1st NRG is pleased to announce the Company has entered into a Letter of Intent to develop approximately
7,150 acres in eastern Ohio, one of the most active areas for oil and natural gas exploration in the United
States. Recently the Ohio Department of Natural Resources has released estimates of the possible Utica-Point
Pleasant recoverable reserve potential in Ohio to be between 3.75 to 15.7 trillion cubic feet and 1.3 to 5.5
billion barrels of oil. By drilling a test well, 1st NRG will earn all depths below the second Berea sand. In
addition to the Utica Shale, other formations such as the Devonian shale, Marcellus shale, Clinton sandstone,
Medina Sandstone, Trenton Limestone, Black River, Beekmantown dolomite and Rose Run all are potential
targets below the Second Berea. By drilling a test well the Company will earn the rights to offsetting locations.
Management Comments
Mr. Kevin Norris, CEO said “This is another major step forward for 1st NRG and its shareholders as we
diversify our activity and pursue opportunity in an area rich in NGLs and oil.”
See the 1st NRG Corp. website for updates, at http://1stnrg-corp.com
10184 Park Meadows DriveLone Tree, CO 80124Phone: 720-484-5706
Investor Contact:
Brad Holmes Energy IR
9 Greenway Plaza #550
Houston, TX, 77046
United States
(713) 654-4009 [email protected]
From http://www.otcmarkets.com/stock/FNRC/company-info: