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 Savoy Energy Corp. - SNVP
Savoy Energy Corporation (SVYE) 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 recompletion and work-over activities, 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.
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Svye
Stock appears to move very easy.
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Check out SVYE
SVYE seems to be getting a lot of action. I like this stock!
It appears to have a small float. I like that in a stock and its seemingly an easy mover.
Keep this baby on your watch list. Lets hope for continued momo
Opened at .70 closed at .80.
Check out the site. Savoy Energy - Home
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Some good news according to yahoo finance
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
Buzz up! Print
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.
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SNVP - Symbol Change
Savoy Energy Corp. - Symbol is SNVP.OB
Savoy Energy - Home
The company's mission is to economically extract oil from abandoned wells through re completion and work-over activities.
CEO - Art Bertagnolli
This company could potentially have a great future! I just added it to my watch list..
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I like this one!
I think some good news will help propel this thing..
I really like what the company is doing. The idea of targeting abandoned wells to extract oil economically. These are the companies that would potentially do well, especially during these economic times.
Savoy Energy - Home
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Huge news! Snvp
Savoy Energy Corporation Signs Letter of Intent to Create Joint Venture for Oil Exploration in Fiji
Press Release
Source: Savoy Energy Corporation
On Tuesday June 23, 2009, 4:15 pm EDT
Buzz up! 0
Print
Companies: Savoy energy corp
HOUSTON, June 23 /PRNewswire-FirstCall/ -- Savoy Energy Corporation (OTC Bulletin Board: SNVP - News) announced today that the company has signed a Letter of Intent (LOI) with Masi Corp Holdings Limited to create a joint venture in Fiji. The companies will seek to formalize a joint venture/ partnership that would create a new combined entity designed to license properties in Fiji for Oil Exploration and drilling rights.
Related Quotes
Symbol Price Change
SNVP.OB 0.36 -0.11
The Pacific Islands Applied Geoscience Commission's report "Fiji Petroleum Data Package" states; "Over twenty structural reefal traps have been identified on the seismic lines in the Late Miocene and Pliocene sequences, mostly in Bligh Water Basin. Estimates of potential un-risked recoverable reserves are 270 million barrels of oil (mmbo) per structure. If structural-stratigraphic trapping occurs, recoverable reserves could increase to over 1 billion barrels of oil per structure."
"Our research has shown the island of Fiji and its structural reefal traps has a tremendous amount of oil reserves, and we're hoping to work closely with Masi Corp in an effort to harvest those reserves in the most efficient, profitable, and responsible way possible," stated Art Bertagnolli, CEO of Savoy Energy Corporation.
Fiji forms part of the Southwest Pacific island arc system, which marks the boundary between the Indo-Australia and Pacific plates. The Bligh Water Basin and Bau Waters Basin both possess excellent potential for hydrocarbons. Fiji lies on the same regional play trend of Miocene reefs, which produce oil in Irian Jaya, Indonesia and gas/condensate in offshore Papua New Guinea. Fiji's basins have many similarities with the oil and gas producing, arc-related basins of Southeast Asia. An oil seep in Bligh Water Basin and oil and gas shows in wells provide evidence that hydrocarbons have been generated in the basins.
About Savoy Energy Corporation
Savoy Energy Corporation (OTC Bulletin Board: SNVP - News) is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets. The company is focused on identifying abandoned oil and gas assets, which are then brought online through recompletion and work-over activities, 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. (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.
Savoy Energy - Home
I'd really like to see this baby go!
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 Originally Posted by Tradernow
"...Estimates of potential un-risked recoverable reserves are 270 million barrels of oil (mmbo) per structure. If structural-stratigraphic trapping occurs, recoverable reserves could increase to over 1 billion barrels of oil per structure."
thats alot of damn oil!! good news
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