Corporate Management Presentation NYSE MKT: SYRG August 2012
Introductions Key Senior Executives Companys Management has Owned/Operated 300+ D-J Basin Wells in the Last 30+ years. Key Corporate Executives Edward Holloway, President, Chief Executive Officer, Director 25+ Years of Oil and Gas…
Introductions - Board of Directors Edward Holloway William Scaff, Jr. Director June 2008 Director June 2008 Raymond McElhaney* Bill Conrad* Director May 2005 Director May 2005 R.W. Bud Noffsinger, III* George Seward Director…
Company Overview Independent operator in the exploration and production of crude oil and natural gas focusing in the Denver-Julesburg Basin Identify opportunities, acquire acreage, drill and develop producing wells by leveraging…
Highlights Snapshot Rapidly Growing For the nine months ended May 31, 2012, average daily BOE Production production increased 167% compared to 2011. Over 400 net Wattenberg low-risk drilling locations on 20 acre spacing.…
Strengths of the Wattenberg Field Efficient use of capital Build reserves and cash flow to fund future drilling Significant upside potential from multiple pay zones and horizontal wells targeting the Niobrara, Codell & Greenhorn…
Largest Producers in the Wattenberg and D-J Basin Anadarko Petroleum (NYSE:APC) Market Cap 34.21B Believes the play has net resources potential of 500 million to 1.5 billion BOE; believes it has 1,200 2,700 future drilling locations…
Leased Acreage Northern D-J Basin 12,757 net (high liquids) Chase County, NE 48,321 net (oily) Hayes County, NE 34,315 net (oily) Hitchcock County, NE 2,492 net (oily) Dundy County, NE Wattenberg Field, CO 23,751 net…
Wattenberg Field Allows for Horizontal and Vertical Drilling Within the field Leffler 14-1H and 24-1H PDC Energy Operated Wells W/2 Sec 1, T6N-R66W Wake E24-77HN Noble Energy Operated W/2 Sec 24, T6N-R65W Vertical…
Nebraska Acreage Multiple Stacked Play Own 112,251 net acres in Nebraska that is highly prospective for Upper Pennsylvanian, Cherokee and Multiple Stacked Play Mississippian Lime Historical production from vertical wells Multiple…
New Technology The use of pad drilling and new technologies leads to improved drilling efficiencies, increased production, reduced costs and mitigated environmental impact, and allows for multiple wells from one site targeting the…
Vertical Well Strategy Production Per Zone Per Vertical Well* 200 Barrels of Oil Equivalent Per Day 180 J-Sand 160 Codell * Example is shown for illustrative purposes only 140 Niobrara and does not represent 120 Comingled…
Financial Profile and Recent Developments FINANCIAL PROFILE: NYSE Amex: SYRG (metrics in millions except per share statistics; as of 08/3/12) Dec 30, 2011 52 Week Stock Price Range: 2.20 - 3.75 Closed on 40.4mm Public Offering…
Revenue Growth Per Quarter 8,000,000 7,000,000 Revenue Mix for MRQ: Oil = 84% 6,000,000 Gas = 9% 5,000,000 *NGLs = 7% 4,000,000 3,000,000 2,000,000 1,000,000 - 3Q May 2010 4Q Aug 2010 1Q Nov 2010 2Q Feb 2011 3Q May…
EBITDA Growth Per Quarter 7,000,000 6,000,000 EBITDA % for MRQ: 77% 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 - 3Q May 2010 4Q Aug 2010 1Q Nov 2010 2Q Feb 2011 3Q May 2011 4Q Aug 2011 1Q Nov 2011 2Q Feb 2012…
1P Reserve Growth by Year (PV-10) 140,000,000 Total 1P PV-10 = 122,576,027 120,000,000 6 mos. ended 2/29/12 Mid Year Reserve Report 100,000,000 80,000,000 Total 1P PV-10 = 71,757,843 PUD PDNP 60,000,000 PDP…
Summary The management team has a well-defined and clear plan for creating shareholder value which includes: Continuing to expand our acreage footprint through leases and acquisitions Utilizing an aggressive drilling program in…
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