1(st) NRG Corp. announced that it will begin drilling of CBM properties in Wyoming. The company has initiated a plan of development encompassing the drilling and completion of eight Federally permitted locations in Wyoming's Powder River Basin.

FNRC holds 100% of the working interest of these locations before payout, and 66% after payout. Permits from the State of Wyoming are currently being prepared for State approval. The company current CBM properties are characterized by what the company believes to be low geologic risk as well as a repeatable development opportunity.

The planned development is offset development wells to a field which encountered developed coal seams in the Warner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. Successfully instituting these drilling plans would significantly increase FNRC production revenues.