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Stock Market & Financial Investment News

News Breaks
March 11, 2013
06:01 EDTSYRGSynergy Resources announces operations update in Wattenberg Field
Synergy Resources announces operations update in the Wattenberg Field.During Synergy's fiscal second quarter which ended February 28, the company successfully completed and brought into production 22 vertical wells in the Wattenberg Field. Of the 22 operated wells, twenty were completed in the Codell formation, one commingled in the Codell/Niobrara, and one in the Greenhorn formation. Six of the wells were brought into production during December and January, the remaining 16 wells came on line the third week of February. Synergy's owns a 100% working interest in these wells. Additionally, Synergy continues to participate in both vertical and horizontal wells as a non-operator with various operators throughout the D-J Basin.
News For SYRG From The Last 14 Days
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May 22, 2015
08:06 EDTSYRGSynergy Resources to purchase remaining 35% interest in DJ Basin Greenhorn
Synergy Resources has agreed to purchase the remaining 35% working interest in the DJ Basin Greenhorn, or AMI, owned by its non-operating partner, Foreland Investments LP. The transaction is scheduled to close on May 28, subject to customary closing conditions. This acquisition gives Synergy a 100% working interest in the AMI and increases its acreage position in the AMI by 15,789 net acres. Upon closing Synergy will have approximately 93,000 net acres in the Greater Wattenberg, including 36,643 net acres in the Core Wattenberg and over 56,000 net acres in the NE Wattenberg Extension Area. The purchase price of the conveyed interests is $250 per net acre, payable in 323,745 restricted shares of Synergy's common stock, equating to approximately $3.95 million based on $12.19 price per share.

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