NYSE MKT: SYRG At Home In the Wattenberg Corporate Presentation July 2015
Key Statistics This presentation may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The use Key Statistics of words such as believes, expects, anticipates, intends,…
Wattenberg Focused Position Colorado 89,000 net acres in the NE Wattenberg Extension Area Greater Wattenberg Area Core Wattenberg Area (approximately 90% operated) 35,000* net acre position in the Core Wattenberg (approximately…
Features of the Wattenberg Field Stacked Pay Horizons Depth Core Targets Low Drilling and Completion Low Costs Operating Rapid Return Costs on…
Core Wattenberg Stacked Pay HZ Well Inventory 1,060 Total Horizontal Drilling Locations Estimated Aerial Extent of the Niobrara Benches & Codell Formations(1) Niobrara A Niobrara B HZ Drilling Locations Core Wattenberg 234…
Core Wattenberg HZ Operated Wells 35,000 net acre position in the Core Colorado Wattenberg 60 Horizontal wells drilled and completed on 9 SYRG pads with 100% success rate 95% of fiscal 2016 capex focused on Core Weideman Pad…
Operated Pads Production Performance 9 months SRC Renfroe & Leffler Pads SRC Phelps & Eberle Pads vs vs Offsets Offsets Standard Length 120,000 110,000 100,000 (4,200') 90,000 120,000 CUM BOEs 80,000 70,000 100,000 CUM…
Cash-on-Cash Payout Focus Return of Capital In 3 Years or Less is the Primary Objective Months Needed to Achieve Cash-on-Cash Payout EUR 275 MBOE 350 MBOE 425 MBOE Using 7/10/15 Monthly Strip Well Cost Low *GOR Mid GOR High GOR…
NE Wattenberg Extension Area 54,000 Net Acres, Synergy has a 100% working interest. Red Tail Project Conrad well, a standard 4,300 foot horizontal well targeting the Greenhorn Formation has been drilled, completion phase to begin…
Rapidly Growing Revenues, Reserves and Production 90-100% Compound Annual Increase in Proved Reserves and Production (fiscal 2011-2014) 10,000 40,352 MBoe * Daily Net Production 40,000 Up 25% Reserves MBoe 8,015 32,188 MBoe…
Fiscal 8/31/16 Cash CAPEX Budget 250-300 Million Fully Funded Budget (With cash on balance sheet, projected internally generated cash flow and access to credit facility) Wattenberg Field Focused Operated Horizontal Wells Non-Operated…
Key Takeaways Significant Exposure to Wattenberg Field Experienced Operational Control in Returns Driven Low Risk Basin Management Team Fully Funded Fiscal Near-term Upside 2015 & 2016 CAPEX from Wattenberg Budget…
Appendix 13
Management Team Experienced in Managing and Monetizing Wattenberg Field Assets Edward Holloway, co-CEO 33 years as an executive of oil and gas companies focused on the Wattenberg Field in the D-J Basin Built three Wattenberg companies…
Nebraska Conventional Oil Play 185,000 Net Acres Targeting Conventional Oil Prone Zones Exploration agreement with a private operator on SYRG Leasehold: Participate in up to 10 wells covering 8,000 net acres in Dundy Co. Nebraska…
Eastern Colorado Assets 65,000 net acres, with long term leases and 85% NRI Proven shallow Niobrara dry gas field, economic above 4/mcf 2 days to drill and complete vertical wells (est. cost 250k) Area has existing gas gathering…
Adjusted EBITDA Reconciliation SYNERGY RESOURCES CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three Months Ended Nine Months Ended May 31, May 31, May 31, May 31, ADJUSTED EBITDA 2015 2014…
Hedging Summary as of June 1, 2015 Crude Oil and Natural Gas Hedges Hedges in Place as of June 1, 2015 Collar Volumes Average Collar Prices (1) Oil Gas HH Gas CIG Oil Gas HH Gas CIG Month (Bbl) (MMBtu) (MMBtu) (Bbl) (MMBtu)…
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