PLATTEVILLE, CO --(Marketwire - March 07, 2013) - Synergy Resources Corporation (NYSE MKT: SYRG), a Colorado-based oil and gas company with assets in the D-J Basin in Colorado and Western Nebraska, has entered into a joint venture agreement with Vecta Oil & Gas, Ltd. On March 1, 2013, Synergy Resources Corporation (Synergy) entered into a joint venture agreement (JV) with Vecta Oil & Gas, Ltd (Vecta), a Texas limited partnership, to jointly develop oil and gas leases covering lands in Morgan & Weld counties, Colorado. Synergy and Vecta will each contribute acreage to the JV. The JV will delineate two separate areas of mutual interest. In the first area covering 45,661 net acres, Synergy will have a 35% working interest and the second area covering 2,983 net acres, Synergy will have a 65% working interest. Synergy will be the designated operator of both areas.