NYSE MKT: SYRG Corporate Presentation NYSE MKT: SYRG May 2014
Wattenberg Field & NE Extension Area Focus NYSE MKT: SYRG 25,200 net acre position in the Greater Wattenberg NE Wattenberg Extension Area Area and 24,700 net acres Greater Wattenberg Area in the NE Wattenberg Extension area…
Fiscal 2014 CAPEX Budget 8/31/2014 NYSE MKT: SYRG Total CAPEX Budget of 189 million * 127.5 million to drill 34 horizontal wells as operator 22.5 million to participate in 5 net non-operated horizontal wells 4 million for 6…
Capitalizing on Horizontal Potential with 2 Rig Development Drilling Program NYSE MKT: SYRG Horizontal drilling allows multiple wells on a single pad that reach multiple zones, enhancing recovery of oil in place per 640 acres by 3 to…
Greater Wattenberg Area Leases & Pad Sites (25,200 net acres) NYSE MKT: SYRG Synergy Land Legend Leasehold Leffler (producing) Renfroe 5 Niobrara B (producing) 1 Codell 3 Niobrara B 2 Codell Union Kelly Farms (drilled)…
Renfroe Pad Production Results NYSE MKT: SYRG 180-day average production rate for 2 Codell wells 280 BOED, 68% oil 180-day average production rate for 3 Niobrara B Wells 230 BOED, 68% oil Average drilling and completion cost on…
Leffler Pad Initial Production Results NYSE MKT: SYRG 30-day average production rate for the 6 Leffler Wells 300 BOED, 65% oil Leffler Wells are comprised of 5 Niobrara B and 1 Codell well Average drilling and completion cost on…
Drilling Pads in Progress NYSE MKT: SYRG Phelps Pad - Comprised of 3 Codell and 3 Niobrara B wells - Average 25 frac stages, 3 wells to be completed using sliding sleeves, 3 wells to be completed using plug and perf method Union…
NE Wattenberg Extension Area (24,700 Net Acres) NYSE MKT: SYRG Offset Operators (1) 154 Potential Greenhorn & Niobrara Synergy Land Legend Leasehold B locations (4 wells Whiting Red Tail Project per 640 acres) Participating with…
Nebraska 160,000 Net Acres NYSE MKT: SYRG 3D Seismic application is yielding strong results to vertical wells by Forestar Group Inc. (FOR NYSE) a public company, and numerous private companies including Berexco LLC, Murfin Drilling…
Proved Reserves 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…
Key Stats: SYRG (NYSE MKT) NYSE MKT: SYRG Stock Price (05/02/14) 11.45 Revenue (ttm) 69.1 M 52 Week High/Low 12.96-6.23 Net Income (ttm) 15.7 M Shares Outstanding (2/28/14) 77 M EPS (ttm) 0.22 Public Float 66 M Cash & STI (2/28/14) 54…
Company Highlights & Key Takeaways NYSE MKT: SYRG Fully Funded Fiscal 2014 budget of 189 million to drill/participate in horizontal and vertical wells, 2014 CAPEX additional leasehold, and acquisitions in the Wattenberg Field is fully…
NYSE MKT: SYRG Appendix 19
Eastern Colorado and Nebraska Acreage NYSE MKT: SYRG Long-term leases in these areas provide significant development potential Eastern Colorado area has proven shallow Niobrara dry gas production Nebraska acreage flanks the…
Eastern Colorado 61,000 Net Acres NYSE MKT: SYRG Proven dry gas field, economic above 4/mcf Participating as a non- operator in 2 wells in fiscal 2014 Area has existing infrastructure and gas processing Numerous deeper…
Capitalization NYSE MKT: SYRG Shares Outstanding: 77 M Warrants Outstanding: As of 2/28/14 3.7 M 6, expiring on 12/31/14 Management and Employee Options Outstanding: As of 2/28/2014 2.06 M shares with an average price of 5.50…
Hedging Summary NYSE MKT: SYRG The companys commodity derivative contracts as of February 28, 2014 are summarized below: Quantity Strike Price Collars Basis (1) (Bbl/month) (/Bbl) Mar 1, 2014 - Dec 31, 2014 NYMEX 1,840 85.00 -…
Sell-Side Research Coverage NYSE MKT: SYRG Firm Analyst Brean Capital Raymond Deacon Euro Pacific Equities Joel Musante, CFA Global Hunter Securities Mike Kelly Iberia Capital Partners David Beard, CFA Imperial Capital Kim…
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