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Synergy Resources Corporation (SYRG) has announced its financial results for the first quarter of fiscal year 2014, reporting earnings that increased from a year ago. The oil and gas exploration and production company reported a dramatic 132% jump in revenue from $8.3M a year ago to $19.3M this quarter. This significant increase is attributed primarily to a 93% production increase from new wells being brought online. Earnings for the quarter were $6.1M and $0.08 per share, up from $2.2M and $0.04 per share a year ago. Synergy Resources met analyst expectations of $0.08 earnings per share while the company’s revenue missed analyst predictions of $20.9M. The Colorado-based company is expecting capital expenditures in 2014 of $189M, which is being focused on horizontal drilling efforts.