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Synergy Shuffles Management Team

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Synergy Shuffles Management Team

Synergy Resources Corporation announced changes to its management team, the results of its annual meeting held on June 22, 2016.

The Company announced that Michael Eberhard has been named Chief Operating Officer-Operations and Nick Spence has been named Chief Operating Officer-Development, with joint responsibility over all facets of the Company's drilling, completion and production operations. At the same time Craig Rasmuson has been named Executive Vice President of Business Development.

At the Company's Annual Meeting on June 22, 2016 the following individuals have been elected by the shareholders to serve as directors of the Company for the upcoming year: Lynn Peterson, Jack Aydin, Daniel Kelly, Paul Korus, Raymond McElhaney and Rick Wilber.

Lynn Peterson, CEO, of Synergy commented, "We are very pleased to announce the promotion of Mike and Nick as co-heads of our technical team where they will assume charge of the Company's growing operational program. As both are petroleum engineers with a vast background of knowledge they bring significant credentials to our operations. Craig's move to business development will allow him to better utilize his skill set as the Company continues to grow its footprint in the Wattenberg Field. We welcome Paul Korus to our Board along with his extensive financial knowledge and I certainly want to thank the two founders of the Company, Ed Holloway and Bill Scaff, as well as outgoing Board member Bud Noffsinger for their service as they guided the Company through its early years. The Company's current slate of directors provide us with strong independence and business acumen at the board level."


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