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Synergy Resources Corporation | November 2016 Investor Presentation | Lynn Peterson | Page 6 of 11 | November 21, 2024

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Greeley Crescent GOR Fagerberg Bestway Evans Greeley Crescent Development Area Wattenberg Fairway Synergy Leases Over 1,000 gross ML and LL drilling locations identified within the GC development area 2016 4 th Quarter Development Plan • Completion of 14 (gross) Fagerberg ML laterals (currently producing) • Drilling 22 (gross) Evans LL and XL laterals (in progress) 2017 Development Plan • Drill 68 (gross) ML laterals and 34 (gross) LL laterals • Complete 52 (gross) ML laterals and 43 (gross) LL laterals • D&C Capex of $260-$300 MM • Full-year production guidance 17,500 – 20,000 GOR<2,000 2,000<GOR<6,000 6,000<GOR<12,000 GOR>12,000 Porosity Range Niobrara 8% - 11% 10.5% - 13% 11% - 15% 14% - 16% Codell 9% - 14% 10.5% - 12.5% 10% - 14% 13% - 14% Permeability Range Niobrara 10nd - 0.001md 0.01md - 0.05md 0.06md - .1md >0.2md Codell .005md--.09md .05md--.125md .1md--.225md .05-1.5md BOE/foot Niobrara 40 - 45 50 - 55 90 – 125 80 - 85 Codell 50 – 55 60- 95 90 – 135 70 - 75 Oil Yield - First Six Months Niobrara 70% - 75% 65% - 70% 55% - 65% 35% - 40% Codell 75% - 80% 65% - 70% 65% - 70% 25% - 30% Oil Yield - Complete Life Niobrara 60% - 65% 45% - 50% 40% - 45% 20% - 25% Codell 65% - 70% 50% - 55% 40% - 45% 15% - 20%