Synergy Resources Corporation Announces Executive Promotions and Changes in
PLATTEVILLE, CO -- (Marketwired) -- 01/24/14 -- Synergy Resources
Corporation (the Company) (NYSE MKT: SYRG), a U.S. oil and gas
exploration and production company focused in the Denver-Julesburg
Basin, announces the following changes in corporate structure of its
officers and executives from its January 22nd board meeting:
William E. Scaff, Jr. has taken on the title of Co-Chief Executive
Officer of the company which he will share with Ed Holloway as
Co-Chief Executive Officer. Bill will remain Treasurer and both will
remain Directors of the Company.
Craig Rasmuson has been elevated from Vice President of Operations to
Chief Operating Officer. Craig joined Synergy in September 2008 and
has been instrumental in the growth achieved by the Company.
Val Dunn has been promoted to Secretary and will assume those duties
previously performed by William E. Scaff, Jr. and she will continue
as Controller for the Company.
Bill Conrad, Director and Chairman of Compensation Committee,
commented, "These changes in our officers and their responsibilities
properly reflect the contributions and importance of these
individuals to the Company. Bill Scaff & Ed Holloway joined Synergy
as a team in 2008 and have been making the strategic decisions
jointly since that time."
About Synergy Resources Corporation
Synergy is a Colorado-based independent exploration and production
company focused primarily on the development of its assets in the
Wattenberg Field in the Denver-Julesburg Basin ("D-J Basin") in Weld
County, Colorado. In addition to the Company's Wattenberg Field
acreage position, it has also assembled a 24,700 net acre leasehold
position directly to the northeast of the Wattenberg Field (the
"Northern Extension Area"), which Synergy believes to be prospective
for the Niobrara and Greenhorn formations and large acreage leasehold
in Eastern Colorado and Nebraska.
This press release contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbors created under the Securities Act of 1933 (the "Securities
Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
All statements other than statements of historical facts included in
this press release regarding our financial position, business
strategy, and plans and objectives of management for future
operations and industry conditions, are forward-looking statements.
When used in this press release, forward-looking statements are
generally accompanied by terms or phrases such as "estimate,"
"project," "predict," "believe," "expect," "anticipate," "target,"
"plan," "intend," "seek," "goal," "will," "should," "may" or other
words and similar expressions that convey the uncertainty of future
events or outcomes. Items contemplating or making assumptions about
actual or potential future sales, market size, collaborations, and
trends or operating results also constitute such forward-looking
Forward-looking statements involve inherent risks and uncertainties,
and important factors (many of which are beyond the Company's
control) that could cause actual results to differ materially from
those set forth in the forward-looking statements, including the
following: general economic or industry conditions nationally and/or
in the communities in which Synergy conducts business, changes in the
interest rate environment, legislation or regulatory requirements,
conditions of the securities markets, the ability to raise capital,
changes in accounting principles, policies or guidelines, financial
or political instability, acts of war or terrorism, other economic,
competitive, governmental, regulatory and technical factors affecting
the Company's operations.
These forward-looking statements are based on current expectations
and assumptions about future events. While management considers these
expectations and assumptions to be reasonable, they are inherently
subject to significant business, economic, competitive, regulatory
and other risks, contingencies and uncertainties, most of which are
difficult to predict and many of which are beyond Synergy's control.
Investor Relations Contact:
Synergy Resources Corporation
Tel (303) 840-8166
Synergy Resources Corporation
Tel (970) 737-1073
Press spacebar to pause and continue. Press esc to stop.