NYSE MKT: SYRG At Home In the Wattenberg Corporate Presentation August 2015
Wattenberg Focused Position 89,000 net acres in the Colorado NE Wattenberg Extension Area Greater Wattenberg Area (approximately 90% Core Wattenberg Area operated) 35,000* net acre position in the Core Wattenberg (approximately…
Company Features Wattenberg Field Provides Stacked Pay Horizons Depth Core Targets Targeting 2.5-3M Completed Well Costs* Low Operating Low Leverage Costs Less Than 1X 6,500 Niobrara A…
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 Operated HZ Wells 71 Operated horizontal wells drilled Colorado and completed on 10 pads with 100% success rate 95% of fiscal 2016 capex focused on Weideman Pad 8 Core Wattenberg, primarily in the mid extended…
Cash-on-Cash Payout Focus Return of Capital In 3 Years or Less is the Primary Objective of Months to Achieve Cash-on-Cash Payout Using 8/10/15 Monthly Strip EUR 250 MBOE 350 MBOE 450 MBOE 3-Stream…
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 in…
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 Balance Sheet and Cash Flow Supports Discretionary 2 Rig Operated Drilling Program Wattenberg Field Focused Operated Horizontal Wells Non-Operated Horizontal Wells 220 - 240 Million…
Key Takeaways Target Rich Asset Acquisition Environment Catalyst from the Current Balance Sheet Greenhorn in the is Net Cash Wattenberg Extension Fully Funded Fiscal Operational and 2016 CAPEX Budget Financial…
Appendix 12
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 8/12/15 Crude Oil and Natural Gas Hedges Hedges in Place as of August 12, 2015 Collar Volumes Average Collar Prices (1) Oil Gas HH Gas CIG Oil Gas HH Gas CIG Month (Bbl) (MMBtu) (MMBtu) (Bbl) (MMBtu) (MMBtu)…
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