Synergy Resources posts initial production from Wattenberg wells

|About: Synergy Resources Corporation (SYRG)|By:, SA News Editor

Synergy Resources (SYRG +2.5%) reports early production figures from five wells on its Renfore pad in Colorado's Wattenberg field after installing production tubing.

The fifth well on the pad, the Renfroe C-1-36HNZ, had a continuous 24-hour initial production rate of 784 boe; the production mix on all five wells consisted of 77% crude oil, 8% natural gas liquids and 15% natural gas.

Also, 10 of 20 vertical wells shut-in by recent flooding have returned to production; the aggregate production from the wells is less than 5% of SYRG's daily production.