SOURCE: Synergy Resources Corporation

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February 25, 2013 06:00 ET

Synergy Resources Employs Jon Kruljac as VP of Capital Markets and Investor Relations

PLATTEVILLE, CO--(Marketwire - February 25, 2013) -  Synergy Resources Corporation (NYSE MKT: SYRG), a Colorado based oil and gas company with assets in the D-J Basin in Colorado and a large leasehold in Western Nebraska, has hired Jon Kruljac, who has 28 years of experience on Wall Street, to manage its Capital Markets and Investor Relations activities.

Ed Holloway, President & CEO of Synergy, commented, "The rapid growth of our company has garnered increased attention from the Wall Street community and we felt the time was right to bring someone of Jon's experience in-house to interface on all aspects with Wall Street. Having utilized Jon's services for the past three years as an outside agent for capital sourcing and investor relations, the Synergy management and board are confident that Jon is the right fit for our corporate philosophy."

Jon Kruljac has been focused on small cap, Rocky Mountain based oil and gas companies since 1991 as an institutional salesman, investment banker and investor relations consultant. During that time, he has worked with Hanifen Imhoff Corp., Bankers Trust Corp., GVC Capital LLC, and most recently MLV & Co. as a Managing Director in Investment Banking for energy companies.

"I couldn't be more excited to join Synergy Resources at this point in its corporate development," said Kruljac. "I have witnessed the evolution of the Wattenberg field for over twenty years and the recent trends in horizontal drilling. The Wattenberg field and Synergy are drawing greater attention from Wall Street as evidenced by the 11 research analysts who currently have buy ratings on Synergy."

About Synergy Resources Corporation
Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy's 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. The company's corporate offices are located in Platteville, Colorado. More company news and information about Synergy Resources is available at www.syrginfo.com.

Important Cautions Regarding Forward Looking Statements
This press release may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "believes", "expects", "anticipates", "intends", "plans", "estimates", "should", "likely" or similar expressions, indicates a forward-looking statement. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. The identification in this press release of factors that may affect the company's future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the success of the company's exploration and development efforts; the price of oil and gas; worldwide economic situation; change in interest rates or inflation; willingness and ability of third parties to honor their contractual commitments; the company's ability to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company's capital costs, which may be affected by delays or cost overruns; costs of production; environmental and other regulations, as the same presently exist or may later be amended; the company's ability to identify, finance and integrate any future acquisitions; and the volatility of the company's stock price.

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