Tuesday, November 30, 2010

OTCBB Pennystock, SYRG Stock News

OTCBB Pennystock: SYRG Stock News:

"Revenue in FY 2010 increased to a record $2,158,444 share from $94,121 in FY 2009. The improvement was due to the Company’s shift from primarily an exploration stage company to a production company. This shift was the result of drilling 36 new oil and gas wells over the past twelve month period, all of which encountered commercially productive formations. As of August 31, 2010, 24 of the 38 wells were producing, and 14 were in the process being completed. As of November 15, 2010, 36 of the 38 wells were producing, and 2 were in the process of being completed. Between August 31, 2010 and November 15, 2010, Synergy acquired 6 additional producing wells and 2 shut-in wells.

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