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Synergy Resources Corp (SYRG) First Quarter 2015 Earnings Call Transcript

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Below is the Synergy Resources Corp (NYSE:SYRG) first quarter results for fiscal 2015 ended November 30, 2014. The Company reported its overall financial performance and business operations on Weideman, Geis, Wattenberg, Phelps, Eberle, Codell, Niobrara, and Weld pads.  Its revenue is $42.5 million, an increase of 17% from the previous quarter year.

SYRG Synergy Resources Logo

The Synergy Resources Corp (NYSE:SYRG) is a domestic oil and natural gas exploration company whose core operation is based in Denver-Julesburg Basin in Colorado, United States. Based on August 2014 Ryder Scott report, Synergy Resources has 16.3 million barrels of oil and 95.2 cubic feet of natural gas. Its operations span across 308 wells including 39 horizontal wells with an interest ownership in 297 net producing wells.

 

Company Representatives:

Edward Holloway – President, Co-CEO

William Scaff, Jr. – Co-CEO, Treasurer

Frank (Monty) Jennings – CFO

Craig Rasmuson – COO

Jon Kruljac – VP Capital Markets and IR.

 

Analysts:

Michael Kelly – Global Hunter Securities

David Beard – IBERIA Capital Partners

Irene Haas – Wunderlich Securities

Ryan Oatman– SunTrust Robinson Humphrey

David Deckelbaum– KeyBanc Capital Markets

Kim Pacanovsky – Imperial Capital

Welles Fitzpatrick – Johnson Rice & Company

Mike Scialla– Stifel, Nicolaus & Company

Joseph Reagor – ROTH Capital Partners

Eli Kantor – Canaccord Genuity

Megan Repine – FBR Capital Markets

David Snow – Energy Equities.

 

Operator
Good morning everyone, and thank you for joining us to discuss Synergy Resourcesfirst quarter results for the period ended November 30, 2014. With us today are Synergy Resources Co-CEOs Ed Holloway and William Scaff, Jr., CFO Monty Jennings, and COO Craig Rasmuson, VP of Capital Markets and Investor Relations Jon Kruljac will be available to answer your questions during the Q&A session. Following the prepared remarks, we will open the call to your questions. Before the conclusion of today’s call, I will provide the necessary precautions regarding forward-looking statements made by management during this call.

I would like to remind everyone that today’s audio conference call will be available for replay through January 23, 2015. The webcast replay will also be available via the company’s website at www.syrginfo.com. I would now return the call over to Co-CEO of Synergy Resources, Mr. William Scaff. Sir, please proceed.

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