NYSE MKT: SYRG Corporate Presentation NYSE MKT: SYRG February 2014
Wattenberg Field & NE Extension Area Focus NYSE MKT: SYRG 50,000 net acre position in the Wattenberg Field and NE Wattenberg NE Wattenberg Extension Area Extension area 97% of 189 million CAPEX budget focused in the…
Fiscal 2014 CAPEX Budget 8/31/2014 NYSE MKT: SYRG Total CAPEX Budget of 189 million 127.5 million to drill 34 horizontal wells as operator 22.5 million to participate in 5 net non-operated horizontal wells 4 million for 6 operated…
Strengths of the Wattenberg Field NYSE MKT: SYRG Wattenberg Field is highly defined by over 17,000 vertical wells drilled since the 1970s Synergy has successfully completed 100% of its wells in the Wattenberg Field both vertical and…
Capitalizing on Horizontal Potential with 2 Rig Development Drilling Program NYSE MKT: SYRG Rig 131 spudded 6 well Union Pad early Horizontal drilling allows multiple wells on a January, 2014. 95% working interest single pad that…
Greater Wattenberg Area Leases & Pad Sites (25,200 net acres) NYSE MKT: SYRG Synergy Land Legend Leasehold Leffler (producing) 5 Niobrara B 1 Codell Renfroe (producing) 3 Niobrara B 2 Codell Union (drilling) Rig…
Renfroe Pad Initial Production Results NYSE MKT: SYRG 90-day average production rate for 2 Codell wells 376 BOED, 67% oil 90-day average production rate for 3 Niobrara B Wells 321 BOED, 68% oil Average drilling and completion cost on…
NE Wattenberg Extension Area (24,700 Net Acres) NYSE MKT: SYRG Offset Operators (1) Synergy Land Legend Whiting Red Tail Project Leasehold 16 Wells /960 DSU Nio A & B Horsetail Pilot 32 Wells/960 DSU Nio A, B & C Noble - East…
Proved Reserves and Resource Potential* NYSE MKT: SYRG * Management believes the Wattenberg Field acreage will support between 16 and 26 horizontal wells per 640 acres on a fully developed basis and have used a mid-point of 21 wells for…
Key Stats: SYRG (NYSE MKT) NYSE MKT: SYRG Stock Price (02/14/14) 9.10 Revenue (ttm) 57.2 M 52 Week High/Low 11.40-6.03 Net Income (ttm) 13.5 M Shares Outstanding (12/31/13) 76 M EPS (ttm) 0.20 Public Float 58 M Cash & STI 11/30/13 61 M…
Company Highlights & Key Takeaways NYSE MKT: SYRG Fully Funded Fiscal 2014 budget of 189 million to drill/participate in horizontal and vertical wells, 2014 CAPEX additional leasehold, and acquisitions in the Wattenberg Field is fully…
NYSE MKT: SYRG Appendix
Eastern Colorado and Nebraska Acreage NYSE MKT: SYRG Long-term leases in these areas provide significant development potential Eastern Colorado area has proven shallow Niobrara dry gas production Nebraska acreage flanks the…
Nebraska 160,000 Net Acres NYSE MKT: SYRG 3D Seismic application is yielding strong results to vertical wells by Forestar Group Inc. (FOR NYSE) a public company, and numerous private companies including Berexco LLC, Murfin Drilling…
Eastern Colorado 61,000 Net Acres NYSE MKT: SYRG Proven dry gas field, economic above 4/mcf Participating as a non- operator in 2 wells in fiscal 2014 Area has existing infrastructure and gas processing Numerous deeper…
Capitalization NYSE MKT: SYRG Shares Outstanding: 76 M Warrants Outstanding: 4.3M 6, expiring on 12/31/14 Management and Employee Options Outstanding: As of 11/30/2013 1.95 M shares with an average price of 5.27 Current Public…
Hedging Summary NYSE MKT: SYRG The companys commodity derivative contracts as of November 30, 2013 are summarized below: 22
Sell-Side Research Coverage NYSE MKT: SYRG Firm Analyst Brean Capital Raymond Deacon Euro Pacific Equities Joel Musante, CFA Global Hunter Securities Mike Kelly Iberia Capital Partners David Beard, CFA Johnson Rice & Co. Welles…
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