NYSE MKT: SYRG At Home In the Wattenberg Corporate Presentation January 2016
Company Features Wattenberg Field Provides Stacked Pay Horizons Depth Core Targets Focus on Completed Well and Operating Costs 6,500 Niobrara A Evolving Midstream Low Leverage 6,650 Niobrara B Takeaway Infrastructure…
Wattenberg Field Analogous to Core Midland Basin Acreage Summary Multiple Target Zones Wattenberg Midland Basin Wattenberg and Midland Basin both have multiple zones to Middle Spraberry Sussex target for horizontal drilling Jo…
Wattenberg Focus SYRG Has 93,000 Net Acres In The Greater Wattenberg Area ( 85% of Current Production Operated) Focus on Core Wattenberg Area 41,000 Net Acres NE Wattenberg Extension Area 52,000 Net Acres Synergy Leasehold…
Wattenberg Field Horizontal Stacked Pay Extensive Inventory of Potential Horizontal Drilling Locations Estimated Aerial Extent of the Niobrara Benches & Codell Formations(1) Niobrara A Niobrara B HZ Drilling Locations Core…
Core Wattenberg Operated HZ Wells 4 ML wells brought on line late November Colorado Wind Pad, 8 SL wells completed and in production as of late December 2015 8 wells drilled uncompleted on Weideman Evans Pad Pad consisting of 4 EL…
DCP Midstream & Oil Pipeline Infrastructure Lucerne 2 Plant, 200 MMcf/d capacity is online Grand Parkway Phase 1 scheduled for Q1 2016, Phase 2 Rights of Way and Permitting In Process PHASE 1 Synergy has secured oil take away…
Longer Laterals Generate Superior Returns Estimated Mid-point of EURs for Various Gas-to-Oil Areas in the Wattenberg Field Well Type Well Cost(1) EUR(2) IRR%(3) Payout(3) PV-10 Extended Length 4.00 mm 700 mboe 19% 45 months 1.0 mm…
Rapidly Growing Reserves and Production 12,000 Daily Net Production 60,000 57 MMBoe * 11,000 10,540 10,000 50,000 8,725 Reserves MMBoe 8,000 40,000 BOEPD 32 MMBoe 6,000 30,000 4,290 4,000 20,000 2,000…
Fiscal 8/31/16 Cash CAPEX Budget 115-135 Million Balance Sheet and Cash Flow Supports Discretionary Operated Drilling Program Wattenberg Field Focused Operated Horizontal Wells 95 - 105 Million Non-Operated Horizontal Wells 5 -…
Key Takeaways Target Rich Asset Acquisition Environment 2016 Operated CAPEX Funded By Available Strong Balance Sheet Liquidity and Internally Generated Cash Flow Low Interest Rate on Operational and Debt (2.5%) Financial…
Appendix 13
Management Team Lynn Peterson, CEO James P. Henderson, EVP of Finance and CFO Craig Rasmuson, COO Tom Birmingham, VP Exploration Geologist with 35 years in industry with focus on Wattenberg Field with HS Resources, Kerr McGee &…
Adjusted EBITDA SYNERGY RESOURCES CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited, in thousands) Three Months Ended Twelve Months Ended November 30, November 30, August 31, 2015 August 31, 2014 ADJUSTED…
Hedging Summary as of 1/11/16 Crude Oil and Natural Gas Hedges Collar Volumes Average Collar Prices (1) Oil Gas HH Gas CIG Oil Gas HH Gas CIG Month (Bbl) (MMBtu) (MMBtu) (Bbl) (MMBtu) (MMBtu) January 1 to December 31, 2016 240,000…
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