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): March 14, 2012
SYNERGY RESOURCES CORPORATION
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(Exact name of Registrant as specified in its charter)
Colorado 001-35245 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 2.01 Completion of Acquisition or Disposition of Assets
On March 14, 2012, the Company closed the acquisition of oil and gas leases
from DeClar Oil and Gas, Inc. and Wolf Point Exploration, LLC which was
disclosed in an 8-K report filed on February 23, 2012.
The oil and gas leases acquired by the Company cover approximately 17,000
gross acres (8,875 net acres) in Weld, Morgan and Larimer Counties, Colorado.
The Company acquired the properties for $2,200,000 in cash and 155,770 shares of
the Company's common stock ($300 per net acre).
The DeClar and Wolf Point properties have the potential for production from
multiple pay zones, including the Niobrara, Greenhorn, J-Sand and D-Sand
formations. This area is especially prospective for the horizontal Greenhorn
zone, which will be the Company's focus. As of the date of this report, there
were no producing oil or gas wells on the leases.
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: March 16, 2012
SYNERGY RESOURCES CORPORATION
By: /s/ Frank L. Jennings
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Frank L. Jennings, Prinicipal Financial
Officer
