SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


        Date of Report (date of earliest event reported): March 31, 2011


                          SYNERGY RESOURCES CORPORATION
                          -----------------------------
             (Exact name of Registrant as specified in its charter)


         Colorado                       None                    20-2835920
----------------------------   ---------------------     ----------------------
(State or other jurisdiction   (Commission File No.)       (IRS Employer
      of incorporation)                                     Identification No.)



                                20203 Highway 60
                           Platteville, Colorado 80651
               --------------------------------------------------
          (Address of principal executive offices, including Zip Code)


             Registrant's telephone number, including area code: (970) 737-1073
                                                                 --------------

                                       N/A
                        --------------------------------
          (Former name or former address if changed since last report)

<PAGE>


Item 8.01.  Other Events

     Between December 2009 and March 2010,  Synergy sold 180 Units at a price of
$100,000 per Unit to private investors. Each Unit consisted of one $100,000 note
and 50,000  Series C  warrants.  The notes  could be  converted  into  shares of
Synergy's  common stock,  initially at a conversion price of $1.60 per share, at
the option of the holder.

     As of March 31, 2011, all of the note holders had converted,  or had agreed
to convert,  all  $18,000,000 of the notes into  11,250,000  shares of Synergy's
common stock.

     Synergy  relied  upon the  exemption  provided  by  Section  3(a)(9) of the
Securities Act of 1933 in issuing these 11,250,000 shares.

                                       2
<PAGE>


SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date: April 1, 2011


                                         SYNERGY RESOURCES CORPORATION


                                    By:  /s/ William E. Scaff, Jr.
                                         -------------------------------------
                                         William E. Scaff, Jr., Vice President

                                       3
<PAGE>
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{"company-data": {"conformed-name": "SYNERGY RESOURCES CORP", "cik": "0001413507", "assigned-sic": "1382", "irs-number": "202835920", "state-of-incorporation": "CO", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-146561", "film-number": "11732200"}, "business-address": {"street1": "20203 HIGHWAY 60", "city": "PLATTEVILLE", "state": "CO", "zip": "80651", "phone": "303-591-7413"}, "mail-address": {"street1": "20203 HIGHWAY 60", "city": "PLATTEVILLE", "state": "CO", "zip": "80651"}, "former-company": [{"former-conformed-name": "Brishlin Resources, Inc.", "date-changed": "20071217"}, {"former-conformed-name": "Blue Star Energy Inc", "date-changed": "20070926"}]}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (date of earliest event reported): March 31, 2011

                          SYNERGY RESOURCES CORPORATION
                          -----------------------------
             (Exact name of Registrant as specified in its charter)

         Colorado                       None                    20-2835920
----------------------------   ---------------------     ----------------------
(State or other jurisdiction   (Commission File No.)       (IRS Employer
      of incorporation)                                     Identification No.)

                                20203 Highway 60
                           Platteville, Colorado 80651
               --------------------------------------------------
          (Address of principal executive offices, including Zip Code)

             Registrant's telephone number, including area code: (970) 737-1073
                                                                 --------------

                                       N/A
                        --------------------------------
          (Former name or former address if changed since last report)
Item 8.01.  Other Events

     Between December 2009 and March 2010,  Synergy sold 180 Units at a price of
$100,000 per Unit to private investors. Each Unit consisted of one $100,000 note
and 50,000  Series C  warrants.  The notes  could be  converted  into  shares of
Synergy's  common stock,  initially at a conversion price of $1.60 per share, at
the option of the holder.

     As of March 31, 2011, all of the note holders had converted,  or had agreed
to convert,  all  $18,000,000 of the notes into  11,250,000  shares of Synergy's
common stock.

     Synergy  relied  upon the  exemption  provided  by  Section  3(a)(9) of the
Securities Act of 1933 in issuing these 11,250,000 shares.

                                       2
SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date: April 1, 2011

                                         SYNERGY RESOURCES CORPORATION

                                    By:  /s/ William E. Scaff, Jr.
                                         -------------------------------------
                                         William E. Scaff, Jr., Vice President

                                       3