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  • Synergy Resources (SYRG) Mid-Year Proved Reserves Increased , VASCO Data Security (VDSI) Solid Results, Raises Full-Year Revenue Guidance 0 comments
    Apr 24, 2014 9:02 AM | about stocks: SYRG, VDSI

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/4/24/saupload_syrg.jpg Synergy Resources Corporation (NYSEMKT:SYRG)

    SYRG reported that its mid-year proved reserve evaluation for the six months ending 2/28/2014 increased 43% 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.

    According to SYRG, the increase in its reserves is largely a result of the success of the company's operated horizontal drilling program with its first 11 horizontal wells being included as proved developed producing assets, and their plans call for another 20-25 horizontal wells to be included in the reserve report for its fiscal year ending August 31st, 2014.


    SYRG is a domestic oil and natural gas exploration and production company. Its core area of operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. The Wattenberg field in the D-J Basin ranks as one of the most productive fields in the U.S.

    More about Synergy Resources Corporation (SYRG) at www.syrginfo.com.


    https://staticseekingalpha.a.ssl.fastly.net/uploads/2013/10/16/saupload_crwe_logo.jpg Crown Equity Holdings Inc. (OTCPK:CRWE)

    A social networking service is a platform to build social networks or social relations among people who, for example, share interests, activities, backgrounds or real-life connections.

    CRWE is currently developing its CRWE Network (CRWE-PR.com), a social networking service compatible with both, the mobile and desktop web platform, that is designed to target all the communities in the U.S. and Canada.

    Update: The CRWE Network, which business model is based on selling advertising to local businesses, has reached the 495th community website in the U.S., associated with 2037 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, Wellington in Florida and 10 provinces in Canada


    CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.

    More about Crown Equity Holdings Inc. (OTCPK:CRWE) at www.crownequityholdings.com


    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/4/24/saupload_vdsi.jpg VASCO Data Security International Inc. (NASDAQ:VDSI)

    Keep a close eye on VDSI. The company reported solid financial results and has increased its revenue guidance for the full year 2014.

    For the first quarter 2014, VDSI posted revenue from continuing operations of $38.8 million, a 10% increase year over year, operating income from continuing operations of $3.9 million, a 43% increase compared to the same period the prior year, and net income (which includes the impact of its discontinued operations) of $3.5 million, or $0.09 per diluted share, compared to $2.8 million, or $0.07 per diluted share for the first quarter of 2013.

    According to its guidance for full year 2014, VDSI expects revenue from its traditional business (which excludes the company's new service product offerings DIGIPASS as a Service and MYDIGIPASS.COM) to be in the range of $168 million to $172 million, an increase from the range communicated previously of $160 million to $165 million


    VDSI is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions.

    More about VASCO Data Security International Inc. (VDSI) at www.vasco.com


    Read Full Disclaimer at www.pennyomega.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: SYRG, VDSI
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