Yahoo Finance says the following: SVYE appears to maintain a tight float and the good news is certainly going to help the company. I'm hoping to see good things happen. I hope this continues to do well and builds some additional momo.

Savoy Energy Corp. Signs Letter of Intent to Acquire 100% Working Interest of Producing Texas Oil Well
On Wednesday June 3, 2009, 8:30 am EDT
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Related: Lucas Energy, Inc., Savoy Energy Corp
HOUSTON, June 3 /PRNewswire-FirstCall/ -- Savoy Energy Corporation (OTC Bulletin Board: SVYE - News) announced today that the company has signed a Letter of Intent to acquire 100% of the working interest of the Wright Well in Gonzalez County, Texas from Lucas Energy, Inc. (Amex: LEI - News). This pending transaction would increase Savoy Energy's current working interest by 65% and would give the company full control of a producing well with extensive reserves of both gas and sweet crude oil.

Related Quotes
Symbol Price Change
LEI 1.10 +0.09

SVYE.OB 0.99 +0.14

The Wright Well rests on 485 acres of prime Texas oil real estate located on the famed Austin Chalk, a long time oil and gas producing tract near San Antonio. The oil reserves for the well are estimated at 81,780 Mbbl while the gas reserves are an estimated 29,770 MMcf. Savoy Energy approximates that the potential daily production of the well will be in the 40 to 50 barrels per day range.

"Upon completion of this definitive agreement, Savoy will place the most efficient and productive equipment on the well to ensure the maximum flow of oil. At this stage, the sweet crude is naturally flowing to the surface on its own," stated Art Bertagnolli, CEO of Savoy Energy Corporation.

About Lucas Energy

Lucas Energy, Inc. (AMEX: LEI) is an independent crude oil and gas company building a diversified portfolio of oil and gas assets in the United States. The company is focused on identifying underperforming oil and gas assets, which are revitalized through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its reserve base and cash flow while limiting the risk typically associated with traditional exploration projects. For more information, please visit the company's website at Energy Company, Oil and Gas Resources - Houston, TX.

About Savoy Energy Corporation

Savoy Energy Corporation is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying abandoned oil and gas assets, which are then brought online through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its asset base and cash flow, while significantly reducing the cost of initial drilling, and takes away the risk of traditional exploration projects. Savoy Energy's financial structure allows it to minimize the high overhead of traditional E&P companies. For more information about the company, please their website at Savoy Energy - Home.

Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

I still like it.