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Greg Chalmers leads Barracuda Championship in Reno (The Associated Press)

RENO, Nev. (AP) -- Greg Chalmers birdied five of his last eight holes Friday to take a two-point lead in the Barracuda Championship, the PGA Tour's only modified Stableford scoring event.

The 42-year-old Australian had a 10-point round to reach 24 points at Montreux in the scoring system that awards eight points for double eagle, five points for an eagle, two points for a birdie and deducts a point for a bogey and three points for a double bogey or worse.

First-round leader Martin Laird of Scotland bogeyed three of his last six holes - finishing with a three-putt on the par-4 ninth - to drop into a tie for second with 2013 winner Gary Woodland.