Synergy Resources

DENVER–(BUSINESS WIRE)–Synergy Resources Corporation (OTCBB:SYRG – News), a domestic oil and gas exploration and production company, today announced the completion of drilling of its 36 well program with a 100% success rate. Of the 36 wells drilled, 22 wells are completed and producing and 14 wells are in the completion stage. Synergy expects all wells to be completed and producing by September 10, 2010. Synergy is the operator of all the wells. The cumulative production on the 16 wells that were producing thru June 2010 is 61,075 BOE (barrel of oil equivalents) with an approximate gas to oil ratio of 6 to 1.

List of Drilled Wells

Meyer Wells

Synergy has completed the two (2) remaining Meyer wells of the initial seven (7) wells drilled. The SRC Meyer #2, producing from the A, B & C benches of the Niobrara Formation, initial 90 minute production test flowed at a rate of 26 barrels of oil equivalent (BOE), while the SRC Meyer #4, in the J-Sand formation, initial 16 hour production test yielded a rate of 40 BOE. Synergy holds a 62.5% working interest in all seven Meyer wells.

SRC Wiedeman Wells

Four (4) Wiedeman wells were completed in the last week in January. Cumulative gross production for the Wiedeman wells and the four (4) Meyer wells, which were completed in mid-April, was 169,492 mcf of gas and 15,652 barrels of oil for a total of approximately 39,332 BOE thru June 30, 2010.

SRC TK Wells

Synergy has drilled and completed five (5) TK Wells. The TK Wells are mainly oil wells with low gas to oil ratios. The TK 11-36D initial 12 hour production test flowed at a rate of 143 BOE, the TK 22-36D initial 12 hour production test flowed at a rate of 111 BOE, and the TK12-36D initial 12 hour production test flowed at a rate of 69 BOE. The TK 36AD after setting tubing, test flowed at a rate of 54 BOE and the TK 21-36D initial 12 hour production test flowed at 74 BOE. The TK wells were all brought on line in June 2010.

SRC Northridge Wells

Synergy has also drilled and completed the six (6) Northridge wells. The six wells comprise two (2) J-Sand wells, three (3) Codell wells and one (1) Niobrara well. The initial production is as follows:

All six wells were connected to pipeline during the months of July and August.

SRC State Wells

Synergy has drilled, logged and completed eight (8) state wells of which three (3) wells exhibit pay zones in five (5) formations including the J-Sand, Codell and three benches of the Niobrara formation. The remaining five (5) wells are Codell/Niobrara wells with all four (4) pay zones present.

All three (3) J-Sand wells exhibited 30 to 40 feet of greater than 8% to 10% porosity with 30-44 ohms.

The Codell wells exhibited 20 to 23 feet of pay with greater than 10% and as high as 18% porosity.

The three (3) benches of the Niobrara were represented in all eight (8) wells with 30-45 ohms and 11% to 13% porosity.

All eight (8) SRC State wells will be hooked up to pipeline and producing by the first week in September.

SRC M&T Farm Wells

Synergy completed the drilling of all six (6) M&T wells on August 18, 2010. Four (4) wells were drilled to the Codell/Niobrara formation and two (2) wells were drilled to the J-Sand formation with Codell/Niobrara present above the J-Sand.

The Codell wells exhibited 14 feet to 17 feet of greater than 10% to 16% porosity with the Niobrara formation exhibiting up to 105 ohms and 10% to 13% porosity. All three (3) benches of the Niobrara were present.

The two (2) J-Sand wells both exhibited 45-60 ohms with 10% to 14% porosity and good neutron log x-over. Completion (fracing) of these six wells is scheduled to be completed by September 4, 2010 and production should start within a few days after completion.

William Scaff, Vice President and Director, remarked, “The 100% success rate of the 36 wells of our drilling program has been quite an accomplishment, and we are very pleased. The initial production numbers have been gratifying and we remain confident the remainder of the wells will produce in a similar fashion. It is great to know that as we continue to grow our acreage in the DJ Basin, we clearly have the operational team to execute our overall vision. We look forward to providing updates towards this success.”

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.

DENVER–(BUSINESS WIRE)–Synergy Resources Corporation (OTCBB: SYRG), a domestic oil and gas exploration and production company, is pleased to announce the addition of George Seward to the Board of Directors. The addition of George Seward to the Board will add extensive oil and gas experience in the Denver-Julesburg Basin, in particular the Wattenberg Field.

Ed Holloway, President and CEO of Synergy stated, “We are honored to have George join the Board of Directors. His thirty-plus years of experience in the Wattenberg Field as well as his expertise from co-founding and developing Prima Energy will assist the Company considerably. His independence as a non-affiliated director reinforces the Company’s corporate governance at a key point during the Company’s development. In addition, as detailed in our latest S-1 filing, George made a considerable personal investment in our recent note offering.”

Prior to joining the Board, Mr. Seward was most notably a co-founder and Board member of Prima Energy (formerly Nasdaq: PENG), guiding the company from early-stage development to the sale to Petro-Canada for $534 million. Prima Energy created tremendous shareholder value, for example $20,000 worth of original stock in 1980 was valued at $3,000,000 at the time of sale in 2004. Mr. Seward also serves as President of Pocito Oil and Gas (a limited production company in Northeast Colorado, Southwest Nebraska and Western Kansas), President of George Seward Alternative Energy, Partner in Schramm Feedlot (a 25,000 head cattle feeding operation), Founder of Power Genetics (a cattle verification processing organization), and holds his Colorado Real Estate Brokers License (currently licensed with Cummings Realty). Mr. Seward graduated from Colorado State University in 1973 with a major in Political Sciences.

With the addition of Mr. Seward, the Board consists of eight directors. To read more information on the Directors and Management, please visit the Company’s website: www.SYRGinfo.com.

DENVER–(BUSINESS WIRE)–Synergy Resources Corporation (OTCBB: SYRG – News), a domestic oil and gas exploration and production company, today provided a drilling update. Synergy has successfully drilled 29 wells of its 35 well drilling program with 100% success, of which 18 wells are completed and producing and 11 wells are in the completion stage. Synergy is the operator of all the wells in the 35 well drilling program. The cumulative production on the 16 wells that were producing thru May 31, 2010 is 46,751 BOE (barrel of oil equivalents).

List of Drilled Wells

Number of Wells Drilled By Formation: 17 Codell, 9 J-Sand, 3 Niobrara

Ed Holloway, Chairman and CEO of Synergy, commented, “We are very pleased by the 100% success rate of our drilling program and the initial production numbers are quite gratifying. We remain on schedule to drill 35 wells by the end of the summer 2010 and continue to increase our acreage position in the Denver – Julesburg Basin, doubling our acreage position from approximately 6,000 net acres in November of 2009 to 13,517 gross acreage and 11,174 net acres under lease.”

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.

DENVER–(BUSINESS WIRE)–Synergy Resources Corporation (OTCBB: SYRG – News), a domestic oil and gas exploration and production company, today provided an operations update. Synergy has successfully drilled 21 wells on its 35 well drilling program, of which 16 are completed and producing. Synergy is the operator of all the wells in the 35 well drilling program.

*CODL= Codell, JSND=J-Sand, NIO=Niobrara

Meyer Wells

Synergy has completed the two (2) remaining Meyer wells of the initial seven (7) wells drilled. The SRC Meyer #2, producing from the A, B & C benches of the Niobrara Formation, initial 90 minute production test flowed at a rate of 26 barrels of oil equivalent (BOE), while the SRC Meyer #4, in the J-Sand formation, initial 16 hour production test yielded a rate of 40 BOE. Synergy holds a 62.5% working interest in all seven Meyer wells.

TK Wells

Synergy has drilled and completed five (5) TK Wells. The TK Wells are mainly oil wells with low gas to oil ratios. The TK 11-36D initial 12 hour production test flowed at a rate of 143 BOE, the TK 22-36D initial 12 hour production test flowed at a rate of 111 BOE, and the TK12-36D initial 12 hour production test flowed at a rate of 69 BOE. The two (2) remaining wells have all been completed and will have initial production rate tests (“IP’s”) early next week.

Northridge Wells

Synergy has also drilled five (5) Northridge wells and is currently drilling the sixth Northridge well of which Noble Energy has a 50% working interest with SYRG as the operator. The sixth well is targeting the Codell/Niobrara formation. The first four Northridge wells have exhibited pay zones in five formations including the J-Sand, Codell, and three benches of the Niobrara formation. The fifth well was targeted to the Codell and Niobrara and all formations were present.

The first five wells have shown similar log results as follows:

• The J-Sand is showing pay zones of 45-50 feet thick with 13% porosity.
• The Codell is showing pay zones of 16-18 feet thick with porosity ranging from 19% to 21%.
• The three benches of the Niobrara are all present in all five wells with 14-19% porosity in the B bench and 14-17% in the A & C benches.

Upon completing the drilling of the six Northridge Wells, Synergy will be moving to the SRC State well prospect and will commence drilling nine (9) wells.

Weideman Wells

Four (4) Weideman wells were completed in the last week in January. Cumulative gross production for the Weideman wells and the four (4) Meyer wells, which were completed in mid-April, was 99,996 mcf of gas and 9,506 barrels of oil for a total of approximately 26,000 BOE thru April 30, 2010.

Ed Holloway, Chairman and CEO of Synergy, commented, “We continue to be encouraged with the recent results of our drilling program and we remain on schedule to drill 35 wells by the end of the summer 2010. We are reporting initial production rates using different test periods due to the varied formations we are producing from on several different leases. While the market and our investors have been eager to see the initial production rates, a better gauge of our performance will be cumulative production rates that we will release on a quarterly basis. We remain focused on executing our drilling plan and increasing our footprint. Recent results of the Colorado State land auction, where lease rates exceeded $2,000 per acre in Weld County where we hold most of our current acreage, serves to confirm the value of Synergy’s assets.”

Synergy continues to increases its acreage position in the Denver – Julesburg Basin with 13,461 gross acreage and 11,118 net acres under lease.

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 has corporate offices in Platteville, Colorado and on 17th Street in downtown Denver. 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.

DENVER–(BUSINESS WIRE)–Synergy Resources Corporation (OTCBB: SYRG – News), an oil and gas exploration and production company, today announced that five (5) wells have been hooked up to the DCP gas pipeline system and two (2) remaining wells have been completed on the Meyer Lease in Weld County, Colorado.

Production test results of the Meyer Wells in section 21, T6N, R66W, Weld County, Colorado are as follows:

SRC Meyer #3 initially flowed 711,000 cu. ft. of gas, 41.6 bbls of oil and 92 bbls of water in a 24-hour test from the Codell Formation.

SRC Meyer #5 flowed 728,000 cu. ft. of gas, 105 bbls of oil and 12 bbls of water in its initial 18-hour production test from the Codell Formation.

SRC Meyer #6 initial flow rate of 753,000 cu. ft. of gas, 94.3 bbls of oil and 40 bbls of water in a 24-hour test from the Codell Formation.

SRC Meyer #7 initial 24-hour production test flowed 391,000 cu. ft. of gas and 354 bbls of water from the J-Sand Formation.

SRC Meyer #8 in an 18-hour production test from the Codell Formation, produced 380,000 cu. ft. of gas and 38.8 bbls of oil and 38 bbls of water.

On the remaining two Meyer wells, the SRC Meyer #4 was frac stimulated in the J-Sand formation from 7,988 to 8,010 and will be placed into production by the end of April.  The SRC Meyer #2 was fraced by Halliburton with a multi zone stimulation staged treatment. In stage one, the Codell formation, from 7,430 ft. to 7,448 ft. was fracture stimulated and a retrievable bridge plug was then set above the Codell Formation and below the C Bench of the Niobrara Formation.  In stage two, the C and B bench of the Niobrara Formation were both fraced.  In stage three, a flow thru bridge plug was set between the B and A bench of the Niobrara and the A bench was fraced.  All three benches of the Niobrara will be placed into production in the coming weeks. The Codell Formation will be put in production at a later date.  At that time, Synergy will commingle the production from the Codell and the A, B & C benches of the Niobrara Formations and will have all four (4) zones producing simultaneously.

Synergy Resources Corporation holds a 62.5% working interest in all seven (7) Meyer wells and is the operator of the wells.

Synergy Resources Corporation CEO Ed Holloway stated that, “We are very pleased that we have multi pay zones in all seven (7) wells on the Meyer Lease and that all formations are showing strong initial production.”

Synergy Resources Corporation continues to increase its acreage position in the Denver-Julesburg Basin with 13,141 gross acres and 10,798 net acres under lease.

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 has corporate offices in Platteville, Colorado and on 17th Street in downtown Denver.  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.

Synergy Resources Corporation (OTCBB: SYRG), an oil and gas exploration and production company, today announced that it has completed the drilling of five (5) Codell/Niobrara wells on its TK Lease in Weld County, Colorado.

The five wells, the SRC TK 11-36D, 12-36D, 21-36D, 22-36D & 36AD were all directionally drilled from a pad location to a total depth ranging from 7,500’ to 7,900’ targeting  the Codell/Niobrara formations.  All five wells exhibited similar characteristics in the Codell formation with 14’ to 17’ of pay zone with 12% – 15% porosity.  The B-bench of the Niobrara showed 20’ of pay with 11% – 12% porosity and was present in all five wells.  Production casing was set and all five wells will be completed within the next three weeks.

Ensign Drilling Rig #33 has moved from the TK Lease to the SRC Northridge Lease and will commence drilling the SRC 21-4D, 11-4D, 4AD, 12-4D, 22-4D & 4KD wells on April 7, 2010.

Synergy Resources Corporation has now drilled 16 out of the 35 wells of its 2009-2010 drilling program.

Synergy Resources also announced that its leasehold position continues to increase with 13,141 gross acres and 10,798 net acres as of April 6, 2010.

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 has corporate offices in Platteville, Colorado and on 17th Street in downtown Denver. 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.

Contact:

William Scaff

Vice President

970-737-1090



DENVER–(BUSINESS WIRE) – March 16, 2010 –

Synergy Resources Corporation (OTCBB: SYRG), a domestic oil and gas exploration and production company, today reported that it had completed an $18 million private placement offering.  Net proceeds to Synergy, after placement agent commissions and other offering expenses, were approximately $16,600,000.

Synergy will utilize the proceeds to continue its 2009/2010 drilling program, a planned 35 well program in the Wattenberg Field in the D-J Basin. Synergy has drilled 12 wells and completed 9 wells of which 2 are producing in the Codell formation, 2 are producing from the J-Sand formation, 3 are waiting to be stimulated (fraced) and 5 are completed and will be placed into production this month.  An additional 23 wells are permitted and ready to be drilled by Ensign United States Drilling, Inc.

The private placement was managed by GVC Capital LLC, formerly Bathgate Capital Partners LLC, a full-service investment banking firm headquartered in the Denver suburb of Greenwood Village, Colorado.  The placement was over subscribed and consisted of 180 Units priced at $100,000, with each of the units in the offering consisting of one promissory note in the principal amount of $100,000 and 50,000 warrants.  The notes bear interest at 8% per year, payable quarterly, and mature on December 31, 2012.  At any time after May 31, 2010 the notes can be converted into shares of the Company’s common stock, at a conversion price of $1.60 per share.  The notes will be secured by any oil or gas wells drilled, completed or acquired with the proceeds from the offering.  Each warrant entitles the holder to purchase one share of the Company’s common stock at a price of $6.00 per share.

Synergy Chairman Ed Holloway stated that, “We are pleased with the response to our private placement offering and pleased that GVC Capital was able to exercise the $3,000,000 over-allotment option.  The proceeds will provide the capital to complete the wells drilled in Synergy’s 2010 drilling program and to continue to take advantage of many of the compelling opportunities that exist in the D-J Basin.”

About Synergy Resources Corporation

Synergy Resources Corporation is a domestic oil and natural gas exploration and production company with leases covering 12,248 gross acres and 10,406 net acres in the Denver-Julesberg Basin. Currently the company has 6 producing wells in the Wattenberg Field; 4 producing in the Codell or Niobrara formations and 2 producing from the J-Sand formation.  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 has corporate offices in Platteville, Colorado and on 17th Street in downtown Denver. More company news and information is available at www.SYRGinfo.com.

About GVC Capital LLC

GVC Capital LLC (“GVC”), which changed its name from Bathgate Capital Partners LLC on January 1, 2010, is an innovative, full-service investment-banking firm headquartered in the Denver suburb of Greenwood Village, Colorado. GVC focuses primarily on providing comprehensive investment banking services to underexposed and undervalued microcap companies by fostering long term relationships with their clients.  Over the past eight years, GVC has assisted emerging growth companies in raising in excess of $600 million in over 100 transactions.  More information is available at www.gvccap.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.

Contact:

Investor Relations
Andrew Barwicki

516-662-9461 / andrew@barwicki.com

Synergy Resources Corporation (OTCBB: SYRG), an oil and gas exploration and production company, today announced that on February 26, 2010, Synergy Resources Corporation entered into an agreement with Ensign United States Drilling, Inc. to drill 20+ wells in the Wattenberg field of the Denver – Julesburg (DJ) Basin in Weld County, Colorado.

The wells will be drilled to depths ranging between 7,600 and 8,500 feet sufficient to test the Niobrara, Codell and J Sand formations. Synergy estimates that the drilling will cost between $125,000 to $180,000 per well depending on depth. Synergy will be the operator for all wells drilled.

The first well, the SRC – TK 36AD commenced drilling on March 4^th and reached total depth of 7,406 feet on March 10, 2010. The well was logged and exhibited strong oil and gas shows in the Codell and Niobrara formations. The Codell showed 17 feet of pay with 14-16% porosity and the B bench of the Niobrara showed 29 feet of pay with 12% porosity. Production casing will be set. Synergy holds a 100% working interest with an 82.5% net revenue interest in the TK lease on which 5 wells will be drilled.

Synergy Resources also announced that it continues to increase its leasehold position and as of March 10, 2010 had interests in oil and gas leases covering 12,248 gross acres and 10,406 net acres.

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 has corporate offices in Platteville, Colorado and on 17th Street in downtown Denver. 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.

Contact:

Investor Relations

Andrew Barwicki

(516) 662-9461 / andrew@barwicki.com