NYSE MKT: SYRG Corporate Presentation NYSE MKT: SYRG December 2013
NYSE MKT: SYRG Edward Holloway, President & CEO Craig Rasmuson, Vice President, Operations & Production Ed has been President & CEO of Synergy since 2008. He has Craig joined Synergy in September 2008. His duties vary from overseeing…
Our Leased Acreage * NYSE MKT: SYRG Area 1 All of our current wells both vertical and 2 Northern D-J Basin horizontal are in the oil and (Wattenberg Extension Area) high-liquids portion of the 20,040 net (high liquids) Wattenberg…
Fiscal 2014 Drilling Budget and Summary Sources & Uses NYSE MKT: SYRG Synergy Fiscal 2014 Drilling Program Ending 8/31/2014 Well Cost Well Cost Net Net Non- Total Net Operated Non-Operated Drilling Budget Operated Operated Wells…
Strengths of the Wattenberg Field NYSE MKT: SYRG Wattenberg Field is highly defined by over 17,000 vertical wells drilled since the 1970s Synergy has successfully completed 100% of its wells in the Wattenberg Field Significant…
Horizontal Drilling Expands Opportunity NYSE MKT: SYRG Advent of horizontal drilling has led to: Enhanced recovery of oil in place by 3 to 6 Horizontal Drilling Allows Multiple Wells on a Single Pad that Reach Multiple Zones fold…
Greater Wattenberg Acreage Lease Map* NYSE MKT: SYRG Noble+ Encana+ Anadarko+ North Synergy Existing Lease Hold in Orange * Pro-forma for acquisitions in yellow and green closed November 2013 + Offset operator areas…
First Operated Horizontal Well Pads NYSE MKT: SYRG Renfroe Pad operated 5 well pad with 99% 1 W.I. (first production commenced September, 2013) 3 Niobrara B and 2 Codell wells Leffler Pad operated 6 well pad with 99% 2 W.I. (drilling…
Renfroe Pad Initial Production Results NYSE MKT: SYRG 30-day average production rate for 2 Codell wells 518 BOED, 75% oil 30-day average production rate for 3 Niobrara B Wells 440 BOED, 70% oil Company estimates total well cost will…
Wattenberg Extension Area in the Northern DJ Basin Overview (20,040 Net Acres) (1) NYSE MKT: SYRG Whiting Red Tail Project Razor Well Synergy operated vertical well IP: 861 Boe/d 100% working interest From Niobrara B currently…
Production Growth and Resource Potential* NYSE MKT: SYRG * Management believes the Wattenberg Field acreage will support between 16 and 26 horizontal wells per 640 acres on a fully developed basis and have used a mid-point of 21 wells for…
1P Reserve Growth by Year (PV-10) NYSE MKT: SYRG Total 1P PV-10 250M 236 Million 200M 150M PDP PDNP 100M PUD 78% of PV-10 50M value is currently oil weighted 0M 8/31/10 8/31/11 8/31/12 8/31/2013 BOEs 1.4M BOEs 4.4M…
Key Stats: SYRG (NYSE MKT) NYSE MKT: SYRG Stock Price (11/15/13) 9.51 Revenue (ttm) 46.2 M 52 Week High/Low 11.40-3.59 Net Income (ttm) 9.6 M Shares Outstanding (10/31/13) 74.4 M EPS (ttm) 0.16 Public Float 56 M Cash & STI 8/31/13 79.5…
Company Highlights & Key Takeaways NYSE MKT: SYRG Fully Funded Fiscal 2014 budget of 157.5 million to drill/participate in horizontal and 2014 CAPEX vertical wells, additional lease hold, and acquisitions in the Wattenberg Field…
NYSE MKT: SYRG Appendix
Nebraska Acreage Multiple Stacked Play NYSE MKT: SYRG 123,000 net acres in Nebraska that is highly prospective for Upper Multiple Stacked Play Pennsylvanian, Cherokee and Mississippian Lime Type Log 3D Seismic application to…
Capitalization NYSE MKT: SYRG Shares Outstanding: 74.4 M Warrants Outstanding: 4.7 M 6, expiring on 12/31/14 Management and Employee Options Outstanding: As of 8/31/2013 1.95 M shares with an average price of 4.88 Current…
2014 CAPEX Budget NYSE MKT: SYRG Total CAPEX Budget of 157.5 million 96 million to drill 24 net new horizontal wells as operator 22.5 million to participate in 5 net non-operated horizontal wells 4 million for 6 operated vertical…
Hedging Summary NYSE MKT: SYRG The companys commodity derivative contracts as of November 30, 2013 are summarized below: 22
Sell-Side Research Coverage NYSE MKT: SYRG Firm Analyst Brean Capital Raymond Deacon Cannacord Genuity Ipsit Mohanty Euro Pacific Equities Joel Musante, CFA Global Hunter Securities Mike Kelly Iberia Capital Partners David…
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