SYRG - Bobwins - My Pee-Dinker EXPLODED today!
Did you ever look at it?
Here is today's news:
Synergy Resources Adds Over 85,000 Gross Acres to Its Lease Position in the Denver-Julesburg Basin
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Mon Feb 28 06:00:00 2011 EST
DENVER, Feb. 28, 2011 /PRNewswire via COMTEX News Network/ --
Synergy Resources Corporation (OTC Bulletin Board: SYRG), a domestic oil and
gas exploration and production company focused in the Denver-Julesburg Basin, today
announced that it has closed on outstanding letters of intent to acquire 80,558
gross lease acres (78,738 net) in the Denver-Julesburg Basin. All leases are a 10
year paid up term. The lease acreage all lies within the Eastern portion of the
D-J Basin Niobrara play.
Synergy also acquired 5,724 acres in Larimer, Park and Yuma Counties at the
February 17, 2011 Colorado state oil and gas auction. Synergy has a gross acreage
position in the D-J Basin of 122,833 gross (113,021 net) acres, making Synergy one
of the larger D-J Basin acreage holders.
Ed Holloway, CEO of Synergy, stated, "We are thrilled to announce the closing
of these lease acquisitions. The ability to assemble over 80,000 gross acres is
quite an accomplishment given the current competitive environment in the D-J Basin
where bonuses for leases are going for nearly $2,000 per acre. We are excited about
the potential of the leases and look forward to continue leveraging our relationships
and expertise in the D-J Basin."
About Synergy Resources Corporation
Synergy Resources Corporation is a domestic oil and natural gas exploration
and production company.Synergy's core area of operations is in the Denver-Julesburg
Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska.The Wattenberg
field in the D-J Basin ranks as the 7th largest field in the U.S. in terms of proved
gas reserves and 9th in production. Synergy continues to increase its acreage position
in the Denver - Julesburg Basin with 122,833 gross acres and 113,021 net acres under
lease. Synergy's corporate offices are located in Platteville, Colorado.More company
news and information is available at www.SYRGinfo.com.
This press release may contain forward-looking statements.The actual results
could differ materially from a conclusion, forecast or projection in the forward-looking
information. Certain material factors or assumptions were applied in drawing a conclusion
or making a forecast or projection as reflected in the forward-looking information.
SOURCE Synergy Resources Corporation
