DENVER, CO–(Marketwired – December 14, 2015) – Synergy Resources Corporation (Synergy) (
Mr. Holloway remarked, “Bill Scaff and I are pleased to take this final step in the transition of leadership for Synergy. We have the utmost confidence in Lynn Peterson, and the talented industry veterans he has recruited, to take Synergy to a higher level in the development of its assets. Synergy will remain focused, disciplined and efficient under Lynn’s guidance and we feel now is the appropriate time to hand over the management responsibilities to him.”
Mr. Peterson commented, “We want to thank Ed and Bill for their service to Synergy over the past seven years. Their collective experience of managing oil and gas assets in the Wattenberg Field, and the conservative approach they took to the balance sheet, has placed Synergy in a position of strength in our industry during a challenging period of low commodity prices. We are grateful for their contributions to the Company. I look forward to working with them as we evaluate how best to grow the company going forward and to their continued support as members of our Board.”
Synergy will hold a conference call on Friday January 8, 2016 at 11 am ET (9 am MT) to discuss results for its fiscal 2016 first quarter ended November 30, 2015. The company plans to file its 10Q and issue an earnings press release prior to the call. Synergy President Lynn Peterson, CFO James Henderson, COO Craig Rasmuson, and VP of Capital Markets and Investor Relations Jon Kruljac will host the presentation, followed by a question and answer period.