Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
SYRG > SEC Filings for SYRG > Form 8-K on 19-Sep-2013All Recent SEC Filings

Show all filings for SYNERGY RESOURCES CORP



Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement

On September 16, 2013, Synergy entered into an agreement with an independent oil and gas company to acquire oil and gas properties consisting of:

o 21 producing oil and gas wells, all of which will be operated by Synergy after closing,

o leases covering approximately 800 net acres, and

o miscellaneous equipment.

If the acquisition is completed, Synergy will have:

o a 100% working interest (75% net revenue interest) in the 21 producing wells, and

o a 100% working interest (75% net revenue interest) in the oil and gas leases.

The producing oil and gas properties are located in the Wattenberg Field, which is part of the Denver-Julesburg Basin.

The purchase price for the oil and gas properties, subject to ordinary closing adjustments, will be $20,500,000. The purchase price will be payable in cash of $17,800,000 and $2,700,000 in restricted shares of Synergy's common stock.

The closing of the acquisition is subject to the completion of title reviews by Synergy and other conditions which are normal for a transaction of this nature.

  Add SYRG to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for SYRG - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.