UNITED STATE
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 17, 2009
SYNERGY RESOURCES CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado None 20-2835920
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
20203 Highway 60
Platteville, Colorado 80651
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (970) 737-1073
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N/A
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(Former name or former address if changed since last report)
Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On August 17, 2009 the Company entered into an agreement with Ensign
Drilling Company to drill, and possibly complete, five to seven wells. The wells
will be drilled on the Meyer prospect which the Company has an option to
purchase from Petroleum Exploration and Management, LLC. The wells are located
in the NW 1/4, Section 21, Township 5 N, Range 66 West, Weld County, Colorado.
The wells will be drilled to an approximate depth of 7,500 feet, reaching
the Codell formation. The Company estimates that each well will cost
approximately $175,000 to drill and $425,000 to complete. Drilling is expected
to begin the first week of September 2009. Synergy will have a working interest
varying from 62.5% to 31.25% (47% to 23% net revenue interest) in the wells and
will be the operator for all wells drilled.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 19, 2009.
SYNERGY RESOURCES CORPORATION
By: /s/ Ed Holloway
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Ed Holloway, President