1st NRG Corp (FNRC)

1st NRG Corp. Formally Naptau Gold Corporation was formed under the laws of the State of Delaware on January 8, 1988 and was inactive until 1995 when it entered into an agreement to acquire certain mineral properties. The Company historically engaged in the acquisition, exploration and development of mineral properties. Effective October 1, 2003 the Company discontinued its current operations and re entered the development stage to examine new opportunities. In 2006 the Company pursued opportunities in Specialty Fuel and embarked on a path to leverage itself into favorable partnerships in the oil and gas space. Further, to reflect this change of direction, the Company changed its name to 1st NRG Corp. In 2007 the Company continued pursuing the opportunities in Specialty Fuels and secured agreements with two facilities by the placement of funds in escrow towards concluding the commitments under the agreements. It faces competition from other oil and natural gas companies in all aspects of its business, including acquisition of producing properties and oil and natural gas leases, marketing of oil and natural gas, and obtaining goods, services and labor. Its operations are subject to various types of regulation at the federal, state and local levels.