Ed Holloway, CEO of Synergy Resources Corporation, remarked, “The M&T Farms wells represent the final six wells of our initial 36 well drilling program. The four Codell wells on the M&T Farms lease are exhibiting strong initial production rates similar to what we recently announced from the wells on our State Lease. The two J-Sand wells are still flowing back in the completion stage, and we should have results shortly. It has been a robust twelve months as we have drilled and completed 36 wells, acquired another 8 well bores, and have more than tripled our acreage position in the D-J Basin. We are excited about our future development of the company and demonstrating to our shareholders growth in our cash flow and proven reserves.”
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.