Synergy Resources Corp. (SYRG.OB) Continues to Expand Wattenberg/D-J Basin Footprint with New Acquisition
Synergy Resources, www.SYRGinfo.com – the domestic oil and gas firm with primary operations in the resource-rich Wattenberg field in the Denver-Julesburg Basin, where the Company has leased some 17,147 gross acres (11.5k net), reported acquisition of additional properties in the Wattenberg. The properties were acquired for $1,017,435 from PEM (Petroleum Management, LLC and Petroleum Exploration and Management, LLC) which is actually controlled by officers and directors of SYRG, Ed Holloway and William E. Scaff, Jr., and consist of: • Six Producing oil and gas wells, and Two Shut-in oils wells (100% Working Interest; 80% Net Revenue Interest in both) •…