Attached files
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
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 16, 2014
SYNERGY RESOURCES CORPORATION
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(Exact name of Registrant as specified in its charter)
StateColorado 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))
Explanatory Note:
This Amended 8-K report is being filed to clarify Synergy's working
interest in the oil and gas properties described in Item 8.01.
Item 8.01 Other Events
On August 16, 2014 Synergy entered into a Joint Development Agreement with
Johnson Production Corporation (JPC) and Kodiak Petroleum, Inc. (Kodiak) to
drill oil wells and develop acreage in Dundy County, Nebraska.
The Agreement covers a defined area of 8,011 net mineral acres in Dundy
County, Nebraska, (the "Contract Area") and provides for the drilling of up to
ten wells. The Agreement has an initial term of one year, and annual extension
provisions for an additional four years. JPC or Kodiak will be the operator for
all wells.
JPC and Kodiak will jointly pay 5/8ths of the costs to drill and complete
each well, earning a 50% working interest in the well and the spacing unit. In
addition, for each well drilled, JPC and Kodiak will jointly earn a 5% working
interest in Synergy's interest in the remainder of the Contract Area. Synergy
will pay 3/8ths of the cost, and have a 50% working interest, in each well. If
all ten wells are drilled, JPC and Kodiak will jointly earn a 50% interest in
the Contract Area, with Synergy retaining both a 50% working interest and an
overriding royalty interest in the Contract Area.
Item 9.01. Financial Statements and Exhibits.
No. Description
99 Joint Development Agreement by and among Johnson Production
Corporation, Kodiak Petroleum, Inc., and Synergy Resources
Corporation.
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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: August 21, 2014
SYNERGY RESOURCES CORPORATION
By: /s/ Frank L. Jennings
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Frank L. Jennings, Chief Financial Officer
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