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March 7, 2013
14:05 EDTSYRGSynergy Resources enters into joint venture in Wattenburg Extension
Synergy Resources entered into a joint venture agreement with Vecta Oil & Gas on March 1 to jointly develop oil and gas leases covering lands in Morgan & Weld counties, Colorado. Synergy and Vecta will each contribute acreage to the JV. The JV will delineate two separate areas of mutual interest. In the first area covering 45,661 net acres, Synergy will have a 35% working interest and the second area covering 2,983 net acres, Synergy will have a 65% working interest. Synergy will be the designated operator of both areas. Synergy will pay to Vecta a leasehold reimbursement fee consisting of a cash payment of $2.84M and the issuance to Vecta of 100,000 shares of its restricted common stock having a value, for purposes of the agreement, of approximately $640,000. Synergy's net acreage position in the Wattenberg Extension Area has increased by 36% to approximately 19,400 acres.
News For SYRG From The Last 14 Days
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February 3, 2016
07:08 EDTSYRGEmerald Asset Management to hold a forum
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January 29, 2016
08:29 EDTSYRGSynergy Resources management to meet with JPMorgan
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