Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/synergy-resources-corporation-mid-year-proved-rese.shtmlSynergy Resources Corporation mid-year proved reserves increase 43%
Synergy Resources Corporation announces that its mid-year proved reserve evaluation for the six months
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Synergy Resources Corporation announces that its mid-year proved reserve evaluation for the six months ending 2/28/2014 increased to 19.7mm/BOE compared to 13.8mm/BOE for the fiscal year end 8/31/2013 and the PV10 value of the proved reserves increased to $326 million from $236 million.
Proved developed producing and proved developed non-producing (behind pipe) assets accounted for two thirds of the value of the reserves while the remaining third of the value is proved undeveloped reserves.
