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Saturday, July 13, 2013 8:44:58 PM
Q3 earnings were 7 cents versus Capital iQ of 6 cents/share. Revenues were up 64% YoY to $12.3 versus $12.6 million estimated.
Synergy has 17,046 net acres in Wattenberg Field and 20040 net acres in the Northern D-J Basin.
Both are in high-liquids producing areas. In eastern Colorado it has 56,000 net acres in dry gas prospects. Most importantly is its 123,000 net acres in Nebraska, which is an oil play. Nebraska could be the next big play.
It is prospective in the Mississippian and Cherokee, but more importantly the Pennsylvanian formation. Synergy has low lifting costs of just $3.87/Boe.
Synergy has operated a vertical program to date, and has been successful. To date, it has participated in a non-operated horizontal program.
Oil & Gas | OTCBB | OTCQB | Pink Sheets
Purely my own opinion. This is not investment advise and do your own due diligence.
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