Savoy Energy Corp. (SNVP.OB)

[QualityStocks]

Savoy Energy Corp., an independent oil and gas company, is focused on building a diversified portfolio of valuable oil and gas assets in the United States. Incorporated in 1982, the company’s business model is to identify 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.

The company’s officers, directors and geologists together retain more than a century of combined experience in the oil and gas industry. The management team is focused on strategically increasing Savoy Energy's asset base and cash flow, while significantly reducing the cost of initial drilling, effectively reducing the risk of traditional exploration projects. Furthermore, the company’s financial structure allows it to minimize the high overhead of traditional E&P companies.

Today, it’s a distinct financial advantage to be a small company looking for small abandoned properties for acquisition. Larger companies, as well as most mid-size companies, are searching for large acquisitions and new drilling to successfully increase the size of their company. However, large acquisitions are expensive and the cost of drilling can prolong the return on investment. Furthermore, large plays are difficult to locate, encouraging most companies to look outside U.S. borders.

Since inception, Savoy Energy has successfully owned or participated in more than 100 wells in Texas, Oklahoma, and Ohio. Currently, the company leases four properties in Gonzales County, Texas. These properties include: Wright, 485.41 acres; Rozella Kifer, 193.003 acres; Ali-O No.1, 82.66 acres; and Zavadil No.1, 45 acres. Savoy Energy’s phased approach is to concentrate on existing low maintenance production, exploit low risk sidetrack drilling opportunities as identified through day to day research, and use the accumulated information and results to advance operations.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) - Building a Portfolio of Oil & Gas Properties

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 recompletion and work-over activities.

Savoy Energy uses a meticulous process of evaluation, application of modern well technology, and stringent management controls when deciding if leasing a property will be a viable undertaking. This process allows the company to increase its asset base and cash flow, while significantly reducing the cost of initial drilling. This process takes away the risk of traditional exploration projects while lowering the overhead costs.

To date, Savoy Energy has acquired a portfolio of leases of oil and gas properties which are all located in Gonzales County, Texas. The company’s portfolio of oil and gas leases consists of the following four properties: Rozela Kifer (193 acres), Ali-O No.1 (83 acres), Zavadil No.1 (45 acres) and Wright (485 acres).

The leases on all of the properties are similar. Savoy’s leases on the properties extend for as long as the company conducts operations without cessation for more than 120 days. With the lease, Savoy also acquired ownership of all machinery, fixtures, equipment, tanks, well bore, casing, and all other equipment used in connection with the operation of, and production of an oil well located on the leased premises.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) Inks LOI to Create JV for Oil Exploration

Savoy Energy Corporation announced earlier last week that it has signed a Letter of Intent (LOI) with Masi Corp Holdings Limited to create a Joint Venture (JV) in Fiji. The joint venture/partnership would be designed to license properties in Fiji for Oil Exploration and drilling rights.

According to the press release, 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,” commented 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.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) is Wringing Out Much Needed Energy

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 recompletion and work-over activities.

To bring these abandoned wells online, Savoy Energy not only applies modern well technology but uses a meticulous process of evaluation 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. This process also takes away the risk of traditional exploration projects and allows Savoy to minimize the high overhead costs of traditional exploration and production companies.

Savoy Energy’s small size is actually an advantage in their niche market of bringing abandoned wells online. There is no competition from larger and mid-sized companies, which are searching for large acquisitions and large drilling projects in order to be meaningful to a company of that size. To date, all of the company’s wells are located in Gonzales County, Texas.

Savoy Energy believes it has the experience and knowledge necessary to find the location of the best abandoned properties for acquisition. The company’s officers, directors, and geologists have over 100 years of combined experience in the oil and gas industry. Savoy Energy is focused on increasing shareholder value by acquiring the right properties, reducing the cost of bringing the wells back online, and getting the oil to flow.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) Brings New Life to Abandoned Wells

Savoy Energy Corp., an independent oil and gas company, is building a diversified portfolio of oil and gas assets with the goal of turning around previously abandoned sites. The step-by-step process involves the aggressive application of modern well technology and stringent management controls, but only on sites that have passed a meticulous evaluation process. This approach significantly reduces the cost of initial drilling, while removing the risks associated with traditional exploration projects, thus minimizing the high overhead normally associated with oil and gas operations. The result is an increased asset base and cash flow.

The company has already taken the first steps in the process, the careful research and acquisition of sites with significant remaining oil and gas potential. They have already acquired leases on the following properties in Gonzales County, Texas, between San Antonio and Houston.

• Ali-O No. 1 – 82.660 acres
• Rozella Kifer - 193.003 acres
• Wright Leases – 485.410 acres
• Zavadil No. 1 – 45.000 acres

All of the above leases are open-ended, extending for as long as Savoy conducts operations without cessation for more than 120 days. In addition, the leases include ownership of all machinery, fixtures, equipment, tanks, well bore, casing, and all other equipment used in connection with the operation of the associated wells.

But Savoy’s plans don’t end in Texas. The company recently announced that it has signed a letter of intent with Masi Corp. Holdings Limited to create a joint venture in Fiji. The venture will create a new combined entity to license properties in Fiji for oil exploration and drilling rights. Savoy CEO Art Bertagnolli commented on the plan. “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.”

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) Appoints Three New Board of Directors

Today in an 8-K, Savoy Energy Corp. announced the appointment of William F. Howell, Raymond A. Crabbe and Charles J. Jacobus to the Board of Directors. All three will hold their positions until the company’s next scheduled shareholder meeting at which time shareholders will vote for re-election.

Mr. Howell retains nearly five decades of oil and gas experience, both onshore and offshore. His previous experience includes 13 years (1955 – 1968) as an exploration geologist at Continental Oil Company, 6 years (1968 – 1974) as Gulf Coast Exploration Manager for Mesa Petroleum, 7 years as an Exploration Vice President for Roberts Oil and Gas, and 11 years as Senior Exploration Advisor for Hardy Oil & Gas. He has also served on the Board of Directors of Roberts Oil and Gas, Inc., but no longer holds that position. Since 2000, Mr. Howell has served as the President of Paragon Petroleum, Inc.

Mr. Crabbe has also accumulated many years of experience within the oil and gas industry, including pipeline, chemical, petrochemical, refining and offshore. He has both domestic and international expertise in oil and gas gathering, pipeline, storage, transmission and loading facilities. His domestic experience covers all fifty U.S. states and his international experience includes South America, Russia, Asia, Middle East, Indonesia, Canada, Africa and the Virgin Islands. In the past five years, Mr. Crabbe has been employed by Chevron; STV Inc.; and Mustang Engineering.

For more than 25 years, Mr. Jacobus has been an accomplished real estate attorney and publisher. He has a sole practice law office and maintains affiliations with many real estate associations as they pertain to commercial and residential real estate law in the State of Texas. Mr. Jacobus has published multiple books focused on Georgia, Ohio and Texas Real Estate Law, co-authoring many of them. Receiving his Bachelor of Science from the University of Houston and Doctor of Jurisprudence from the University of Houston, Mr. Jacobus holds a State Bar of Texas license as well as a Texas Real Estate Broker license.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) Announces Completion of Joint Venture for Fiji Oil Exploration

Savoy Energy Corporation announced this morning that its representatives met with representatives of Masi Corp Holdings Limited to complete an Oil Exploration Joint Venture (JV). The signing of a Letter of Intent (LOI) concerning the JV was announced earlier last month. The JV, Savoy-Masi Petroleum Corporation Limited, is focused on licensing properties in Fiji for Oil Exploration, recompletion, and work-over activities.

Art Bertagnolli, CEO of Savoy Energy Corp., stated, “In the early 80’s a lot of the big Oil companies were drilling for Oil in Fiji before the price per barrel dropped. As a result of their activity, a significant amount of data was accumulated, including seismic data for reefal traps and proven reserves from drilling. Now with Oil being above US$60 a barrel and Fiji’s proximity to China, opening up new drilling makes economic sense and will create tremendous shareholder value.”

According to the press release, 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.”

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. The Bligh Water Basin and Bau Waters Basin both possess excellent potential for hydrocarbons.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) has already broken its previous record volume of 432,000 traded shares and it’s only noon! So far, today’s volume is more than 700% greater than the average daily volume of 78,235 traded shares.

[protostars]

Once they can get those wells to efficiently produce, share price will jump even more.

[rose]

There's something about this one that seems to strike a cord

[protostars]

What they need to do is strike oil.

[mrsfelix06]

how great, or is there a percent of chance?

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) Selects PricewaterhouseCoopers to Audit New Fiji Joint Venture

Savoy Energy Corp., an independent oil and gas company building a diversified portfolio of valuable oil and gas assets, announced yesterday that PricewaterhouseCoopers has been hired to audit its Fiji Joint Venture, Savoy-Masi Petroleum Corporation.

“We hired PricewaterhouseCoopers because of their well known international reputation and integrity as accountants and auditors,” commented Art Bertagnolli, CEO of Savoy Energy Corporation. “It will instill confidence in our shareholders that our numbers and production will always be correct,” continues Mr. Bertagnolli.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) Adds New Board Members Retaining International Oil Exploration Experience

Today, Savoy Energy Corp. announced that on June 25, 2009 the Board of Directors of the company appointed Mr. William F. Howell, Mr. Raymond A. Crabbe, and Mr. Charles J. Jacobus to the Board of Directors. All three will remain in their newly appointed positions until the next regularly scheduled shareholder meeting at which time they may stand for re-election.

Mr. William Howell’s oil and gas experience spans nearly 50 years, both onshore and offshore. He has worked as a geologist domestically in Oklahoma, Texas and the Gulf of Mexico as well as internationally in Libya. Mr. Howell’s previous experience includes 13 years (1955 – 1968) as an exploration geologist at Continental Oil Company, 6 years (1968 – 1974) as Gulf Coast Exploration Manager for Mesa Petroleum, originating prospects and organizing a bidding group for participation in the Gulf of Mexico Shelf Exploration when he founded Paragon Petroleum, Inc., serving as Exploration Vice President for Roberts Oil and Gas, and serving as a Senior Exploration Advisor to Hardy Oil & Gas.

Mr. Raymond Crabbe retains more than thirty-five years of extensive knowledge and experience in the oil and gas industry. This experience includes pipeline, chemical, petrochemical, refining and offshore. Mr. Crabbe has both domestic and international expertise in oil and gas gathering, pipeline, storage, transmission and loading facilities. His domestic experience covers all fifty of the United States and his international experience includes South America, Russia, Asia, Middle East, Indonesia, Canada, Africa and the Virgin Islands. Most recently, Mr. Crabbe has been employed by Chevron (2005 – 2006); STV Inc. in 2007; and Mustang Engineering from 2007 to present. Mr. Crabbe has never served on the board of a publicly traded company.

Since 1973, Mr. Charles Jacobus has been an accomplished real estate attorney and publisher. Receiving his Bachelor of Science from the University of Houston and Doctor of Jurisprudence from the University of Houston, he has a sole practice law office and maintains affiliations with many real estate associations as they pertain to commercial and residential real estate law in the State of Texas. Mr. Jacobus has also published numerous books focused on Georgia, Ohio and Texas Real Estate Law, co-authoring many of them.

[rose]

Sounds like the company is really coming together in its structural needs to say we are here and doing well.

[QualityStocks]

Savoy Energy Corp. (SNVP.OB) Announces Meeting with Minister of Lands & Mineral Resources

Savoy Energy Corporation announced this morning that its representatives and its joint venture, Savoy-Masi Petroleum Corporation Limited, met with The Republic of Fiji Islands Ministry of Lands & Mineral Resources’ Netani Sukanaivalu. Topics discussed included stimulating Fiji’s economy through Oil exploration licenses, recompletion, and work-over activities of previously drilled wells.

According to the press release, Fiji Islands Trade and Investment Bureau granted Savoy-Masi Petroleum a Foreign Investment Registration Certificate (FIRC) number 09-0081 issued under the provisions of the Foreign Investment Act 1999 and the Foreign Investment (Amendment) Act 2004 to commence Oil and Gas Exploration.

“We are very pleased how professional, courteous, and efficient the Fiji government has been in working with us to accomplish our goals,” commented Art Bertagnolli, CEO of Savoy Energy Corporation. “The Minister of Lands & Mineral Resources, Netani Sukanaivalu, is a respected and intelligent business man, who’s focused on helping Fiji and its people.”

[protostars]

Like to see a timetable on all this.

[rose]

Agree, never heard of oil in this region so geologics would be nice to see

[protostars]

I suspect that there are a lot of hidden pockets out there . . . places that have never even been considered or explored.

[rose]

An easy to work with government speaks volumes