Corporate Management Presentation NYSE Amex: SYRG April 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 183% quarter-over-quarter production growth with a February 2012 Production exit rate exceeding 1,250 BOED Concentration in 445 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 program Significant upside potential from multiple pay zones and horizontal wells targeting the Niobrara, Codell &…
Largest Producers in the Wattenberg and D-J Basin Anadarko Petroleum (NYSE:APC) Market Cap 38.17B 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 Colorado 15,503 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…
Niobrara Horizontal Well Participation 28.75% Working Interest: PDC Energy Operated Leffler 14-1H W/2 Sec 1, T6N-R66W Wattenberg Field 25% Working Interest: Noble Energy Operated Wake E24-77HN W/2 Sec 24, T6N-R65W Synergy…
First Horizontal Niobrara Well with Noble Energy On Jan 30, 2012 Noble Energy commenced drilling on Synergys first horizontal well (Wake E-24-77HN) which is now in production: Wake E-24-77HN 25 % working interest 320 acre…
Leveraging New Technology New technology, directional and horizontal drilling, leads to improved drilling efficiencies, increased production, and reduces costs and environmental impact. Pad drilling allows for multiple wells from…
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 04/09/12) 52 Week Stock Price Range: 2.20 - 4.75 Share Price As Of Apr 09, 2012: 3.28 Mar 24, 2012…
Revenue Growth Per Quarter 7,000,000 6,000,000 Revenue Mix for MRQ: Oil = 83% 5,000,000 Gas = 9% 4,000,000 *NGLs = 8% 3,000,000 2,000,000 1,000,000 - 2Q Feb 2010 3Q May 2010 4Q Aug 2010 1Q Nov 2010 2Q Feb 2011 3Q May…
EBITDA Growth Per Quarter 5,000,000 4,500,000 EBITDA % for MRQ: 71% 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 - 2Q Feb 2010 3Q May 2010 4Q Aug 2010 1Q Nov 2010 2Q Feb 2011 3Q May 2011 4Q…
1P Reserve Growth by Year (PV-10)* 80,000,000 * Reserve estimates prepared by Ryder Scott Company Total 1P PV-10 = 71,757,843 70,000,000 60,000,000 50,000,000 40,000,000 PUD PDNP 30,000,000 PDP 20,000,000 Total 1P…
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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