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Synergy Brings Four Wells Online in 4Q; Ups Production 27%
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Synergy Resources Corporation reported its fiscal first quarter results for the period ended November 30, 2015.
Q1-2016 Operational Highlights Wells Completed : 5 (7,000 ft ) Wells Drilled : 8 (4,000ft Lateral) Production Net (Cum) : 959,176 BOE Production - Average Daily : 10,540 Boe/d Closed an acquisition in the Wattenberg Field comprised of 4,300 net acres Q1-2016 Financial Highlights Revenues were $26.1 million Net Loss was $122.3 million or $(1.14) per diluted share in the quarter which includes a full cost ceiling impairment charge of $125.2 million or $(1.10) per diluted share Adjusted EBITDA of $11.9 million (see further discussion regarding the presentation of adjusted EBITDA in "About Non-GAAP Financial Measures" below) As of November 30, 2015, the Company's cash and…- ✓ Full news archive — U.S., Canada & international coverage
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