Synergy Resources Corporation Announces Flow Tests from Additional Zone of Seven Previously Drilled Wells

DENVER--(BUSINESS WIRE)--Synergy Resources Corporation (OTCBB: SYRG), a domestic oil and gas exploration and production company, announced today that it has fracture stimulated an additional zone (the Codell) in seven wells with the following results:

24 Hour Test Rates
Well Name	SYRG Working Interest	Oil (bbls)	Gas (mcf)	Barrels of Oil Equivalent Rate (BOE)	Initial Producing Formation	Current Producing Formation(s)
Meyer # 4	62.50%	82.6	794.1	215.0	J-Sand	Codell
Meyer # 7	62.50%	82.7	576.4	178.8	J-Sand	Codell
Northridge 11-4D	62.50%	265	1,239.3	471.6	J-Sand	Codell
Northridge 21-4D	62.50%	76.8	410.4	145.2	J-Sand	Codell
SRC Weideman 34-32	62.50%	177.5	444.6	251.6	J-Sand	Codell
Meyer # 2	62.50%	69.4	573.4	165.0	Niobrara	Niobrara & Codell
Northridge 4KD	31.25%	67.9	442.9	141.7	Niobrara	Niobrara & Codell

Ed Holloway, CEO of Synergy stated, “The initial flow rates of these seven wells with the addition of the Codell zone show encouraging results. In particular, the Northridge 11-4D well’s initial results are quite remarkable. We have now successfully opened additional zones in 11 wells drilled as part of our initial 36 well program. Exploiting the potential of the multi-zone is an essential component of our business strategy as we continue to increase cash flow for our stakeholders while increasing proven reserves.”

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 21,578 gross acres and 13,633 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.