Synergy Resources Corporation, a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today announced the completion of its mid-year reserve analysis. The evaluation was prepared with an effective date of February 29, 2012, and reflects development activity during the first six months of the fiscal year. As of February 29, 2012, the Company had estimated proved reserves of 3.492 million barrels of oil and 23.798 billion cubic feet of gas. The estimated present value before tax (discounted at 10%) is $122.576 million. Compared to the annual reserve report prepared at August 31, 2011, quantities increased by 68% and value increased by 71%.