Key Executives & Board Members NYSE MKT: SYRG Edward Holloway William Scaff, Jr. Frank Jennings George Seward President & CEO Vice President, Director Chief Financial Officer Board of Directors 30+ Years of Oil and Gas 30+ Years of…
Company Highlights NYSE MKT: SYRG Significant 17,046 net acres in the oil and liquids portion of the Wattenberg Field in Exposure to Weld County, CO. 604 net total locations - 157 Mmboe of un-risked Wattenberg Field potential(1). 31…
Our Leased Acreage * NYSE MKT: SYRG Area 1 All of our current wells both vertical and 2 Northern D-J Basin horizontal are in the oil and 20,040 net (high liquids) high-liquids portion of the Wattenberg Field…
Strengths of the Wattenberg Field NYSE MKT: SYRG Wattenberg Overview Wattenberg Acreage (17,046 net acres) Wattenberg Field is highly defined by over 17,000 vertical wells drilled since the 1970s Synergy has successfully completed…
Horizontal & Drilling Expands Opportunity NYSE MKT: SYRG Advent of pad drilling & new technologies has led to: Horizontal Drilling Allows Multiple Wells on a Improved drilling efficiencies Single Pad that Reach Multiple Zones…
Oil Weighted Reserve & Production Growth NYSE MKT: SYRG Average Daily Net Production Per Period (Boe/d) Proved Reserves (2/28/2013) and Unrisked Potential 200 3,000 3,000 Northern 180 25.1 Extension 2,500 2,500 2,256 160 Codell…
Wattenberg Field Acreage & Activity NYSE MKT: SYRG Wattenberg Acreage (17,046 net acres) & Activity Map Weld County, CO(1) PDC Leffler Synergy (3 Codell) Noble - Wake Well (B-Bench) Horizontal wells with 65%, 56%, & 13% Synergy -…
First Operated Well Pads NYSE MKT: SYRG Synergy First Operated Wattenberg Well Pads 1 Renfroe Pad operated 5 well pad with 97% W.I. (first production by late August 2013) 2 Leffler Pad operated 6 well pad with 97% W.I. (drilling to…
Northern D-J Basin Extension Overview NYSE MKT: SYRG Northern Extension Acreage & Activity Synergy Northern Extension Area Overview - 20,040 Net Acres(2) Synergy has 20,040 net acres in Morgan & Weld, County Whiting Red Tail Project…
Fiscal 2014 Accelerated Drilling Budget and Summary Sources & Uses NYSE MKT: SYRG Synergy Fiscal 2014 Drilling Program Ending 8/31/2014 Net Net Non- Total Net Well Cost Drilling Budget Operated Operated Wells (MM) (MM) Wattenberg…
1P Reserve Growth by Year (PV-10) NYSE MKT: SYRG 250M Total 1P PV-10 208 Million 200M 150M PDP PDNP 100M PUD 78% of PV-10 50M value is currently oil weighted 0M 8/31/10 8/31/11 8/31/12 2/28/2013 BOEs 1.4M BOEs 4.4M BOEs…
Key Takeaways NYSE MKT: SYRG Synergy is pursing a well-defined plan for creating shareholder value: Fully funded 157.5 M drilling and capital expenditure budget through 8/31/2014, 97% focused on Wattenberg Field Implement…
NYSE MKT: SYRG Appendix
Wattenberg Field Horizontal Potential NYSE MKT: SYRG Wattenberg Horizontal Potential Per 640 Acre Unit, Arial View Niobrara B Bench Only Niobrara B Bench Perimeter Stacked HZ Niobrara/Codell Leading Industry Company Potential HZ…
134 Vertical / Directional Wells Drilled in Wattenberg Field NYSE MKT: SYRG 134 Drilled Drilling Activity Production Activity Formations Niobrara A 5 producing Niobrara-only wells (119 wells in Niobrara behind pipe) Niobrara B…
Mississippian & Pennsylvanian Plays Moving North NYSE MKT: SYRG S. Dakota Powder River Basin Kennedy Basin Iowa Wyoming Current Pennsylvanian Horizontal Test Wells Banner Laramie Central Kansas Kimball Cheyenne Basin…
Nebraska Acreage Multiple Stacked Play NYSE MKT: SYRG 123,000 net acres in Nebraska that is highly prospective for Upper Multiple Stacked Play Pennsylvanian, Cherokee and Mississippian Lime Type Log Historical production from…
Key Stats: SYRG (NYSE MKT) NYSE MKT: SYRG Stock Price (8/7/13) 7.70 Revenue (ttm) 38.2 M 52 Week High/Low 8.14-2.69 Net Income (ttm) 10.53 M Shares Outstanding 68.95 M EPS (ttm) 0.20 Public Float 54.6M Cash & STI (pf) 96.6 M…
Capitalization NYSE MKT: SYRG Shares Outstanding: 68.95 million Warrants Outstanding: 9.0 mm 6, expiring on 12/31/14 0.18 mm Avg 1.60, expiring on 12/31/14 0.025 mm 2.69 investor relations warrants Management and Employee…
2014 CAPEX Budget NYSE MKT: SYRG Total CAPEX Budget of 157.5 million 90 million to drill 20 net new horizontal wells as operator 22.5 million to participate in 5 net non-operated horizontal wells 10 million for 12 vertical wells…
Hedging Summary NYSE MKT: SYRG The companys commodity derivative contracts as of July 15, 2013 are summarized below: 2013 Hedges Quantity Quantity Contract Type Counterparty (BbL/Month) (BbL/d) Strike Price Term Swap BP Energy…
Board of Directors NYSE MKT: SYRG Edward Holloway Bill Conrad Synergy Resources President & CEO Independent director since May 2005 Director since June 2008 Former President of Wyoming Oil & Gas 30+ years of Oil and Gas Executive…
Sell-Side Research Coverage NYSE MKT: SYRG Firm Analyst Brean Capital Jeff Connolly Cannacord Genuity Stephen Berman Euro Pacific Equities Joel Musante, CFA Global Hunter Securities Mike Kelly Johnson Rice & Co. Welles…
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