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): September 29, 2011
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)
Item 1.01 Entry into a Material Definitive Agreement.
On September 29, 2011 the Company's Board of Directors approved the
acquisition of oil and gas leases from Ed Holloway, a director of the Company
and the Company's Chief Executive Officer. The Company paid Mr. Holloway $30,700
for the assignment of his interests in the leases.
Both leases are located in the Wattenberg Field of the D-J Basin (Weld
County, Colorado). One lease covers approximately 92 gross acres and one
producing oil well. The Company has a 6.95% working interest (5.56% net revenue
interest) in the leased acreage and the producing well. One lease covers
approximately 213 gross acres and one producing oil well. The Company has a
12.30% working interest (9.59% net revenue interest) in the leased acreage and
the producing well.
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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: Setpember 29, 2011
SYNERGY RESOURCES CORPORATION
By: /s/ Ed Holloway
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Ed Holloway, President
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