1st NRG Corp. Commits to Bakken Shale and Three Forks Formation Prospect

1st NRG Corp. (OTC Markets: FNRC.PK)(http://1stnrg-corp.com) has committed to participate in a Bakken Shale and Three Forks Formation Prospect in North Dakota.

Bakken/Three Forks

The Company is pleased to announce its commitment to participate in a prospect which will test the Bakken Shale and Three Forks formations in a prospect which encompasses approximately 9,800 acres. The initial test well is scheduled to be drilled prior to year end 2012. USGS estimates in 2008 of recoverable oil in the formation beneath Western North Dakota, Eastern Montana and into Canada were as much as 4.3 billion barrels of oil. In the four years since, new drilling and completion techniques have some industry participants estimating the resource to hold 20 billion barrels of oil and 4 Bcf of natural gas. The Company will use its recently announced credit facility to finance its share of acquisition, drilling and completion expenses.

Management Comments

Mr. Kevin Norris, CEO said “We are pleased to add this property to our other core properties in the Powder River Basin, the Utica Shale in Ohio and the Niobrara Shale in Nebraska.” Mr. Norris went on to add “the liquids rich Bakken/Three Forks shale development is one of the most active areas in the country”.

Utica Shale – Eastern Ohio

Previously announced, the Company is finalizing agreements to develop approximately 7,150 acres in Eastern Ohio, one of the most active areas for oil, natural gas and natural gas liquids exploration in the United States. Recently the Ohio Department of Natural Resources released estimates of the possible Utica-Point Pleasant recoverable reserve potential in Ohio to be between 3.75 to 15.7 trillion cubic feet of natural gas and 1.3 to 5.5 billion barrels of oil. Recently the USGS released its first estimates of the reserve potential of the Utica Shale to be about 38 trillion cubic feet of undiscovered, recoverable natural gas, 940 million barrels of oil and 9 million barrels of natural gas liquids. The USGS estimates included part of Maryland, New York, Ohio, Pennsylvania, Virginia, and West Virginia

Niobrara Shale – Western Nebraska

The Company also has entered into an agreement which will deliver an Oil and Gas Lease and surface use agreement for 1,370 acres located in Banner County Nebraska. We expect the area to have possibilities to develop the Niobrara Shale which is being compared to the Bakken Shale in North Dakota. Located in the Denver Julesburg Basin which extends from Southeast Wyoming and Southwest Nebraska into Northeast Colorado the acreage will provide the company with possible oil, natural gas and natural gas liquids development in the Niobrara Shale, as well as the Codell, Greenhorn, D and J Sands. Industry estimates of the possible Niobrara Original Oil in Place (OOIP) are 30 million BOE per section, however recoverable oil, natural gas and natural gas liquids will vary by area, thickness, porosity and fracture systems.

CBM – Northern Wyoming

Clabaugh Ranch - Clabaugh Ranch was acquired in October 2010 and consists of various working interests in forty two producing coal bed methane (CBM) wells. Coal bed methane is a source of clean natural gas. Along with the forty two (1.22 net) drilled and producing wells, the Company holds an interest in eight (6.00 net) permitted locations which we intend to drill in the fourth quarter 2012. The field currently produces 1,200 – 1300 MCFD and we estimate our reserves to be about 4.8 BCF (3P).

About 1st NRG

1st NRG Corp. (OTC Markets: FNRC.PK) is an exploration and production company headquartered in Denver, Colorado. The Company currently holds natural gas (CBM) assets in the Powder River Basin of Wyoming. We own working interests in producing and prospective CBM wells in the Clabaugh Ranch Field, a development of 6,025 gross acres in the Powder River Basin in northeast Wyoming. The Powder River Basin is a major source of coal bed methane - clean natural gas. We are expanding our activities into unconventional shale potential which includes 1,370 acres in the Niobrara Shale in Western Nebraska and 7,150 acres the Utica Shale in Eastern Ohio. The Niobrara Shale and the Utica Shale not only have potential oil reserves, but also natural gas and natural gas liquids.

See the company website for updates, at http://1stnrg-corp.com

Forward-Looking Statement

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," "feels," "anticipates" and certain of the other foregoing statements may be deemed "forward-looking statements." Although 1st NRG believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in production which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.

First NRG (CE) (USOTC:FNRC)
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