Given the current state of the energy markets, being a large company is not necessarily a good thing. Flexibility is a distinct advantage. Mid and larger energy companies tend to focus on larger properties where capital costs can be extreme, limiting the ability to adapt to changing conditions. As the book says, “small is beautiful.” In a variable market, a company that can adapt quickly is one that will be profitable.

Savoy Energy Corp., an oil and gas extraction company, works to extract and sell oil and gas primarily in the United States. The company recently signed agreements to explore for oil in Fiji.

Although the company is open to all potential properties, it is currently extracting and re-working existing wells in Gonzales, Texas. The company appears to be extremely structured in its operations with a particular focus on cost controls. Generally speaking,

Savoy Energy Corporation, an independent oil and gas company based in Texas, specializes in what is called “recompletion” and “workover” activities. What this means is that the company is very good at identifying and acquiring abandoned oil and gas wells that still have a lot to give, and bringing them back into production using advanced processing technologies and careful management. Savoy is known for its ability to economically extract significant remaining product from abandoned wells.

Savoy is already producing oil from four wells, and has identified 18 other U.S. wells that are favorable candidates for turnaround. In addition, the company recently announced plans to create a joint venture in the South Pacific island of Fiji to license properties there for oil exploration and drilling.

As long term fossil fuel prices continue to rise, the demand for more production from previously producing wells is

DrStockPick.com Stock Report!

Thursday August 6, 2009

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Continental Airlines (NYSE: CAL) today announced new service from its Guam hub and Honolulu to Nadi, Fiji beginning Dec. 18, 2009. The flights will also offer convenient connections from the U.S. mainland, Japan and Continental’s Micronesian network to Nadi.

Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of purchasers of International Game Technology (NYSE: IGT) common stock during the period from November 1, 2007 to October 30, 2008, inclusive (the “Class Period”). The lawsuit is pending in the United States District Court for the District of Nevada against IGT and certain of its officers and directors.

Yesterday after the closing bell, Savoy Energy Corp. announced that in the near future the company intends to upgrade the technology at its Rozella Kifer Well. The company has ordered a Jack Shaft Reducer that will be installed on the well. The installation is anticipated to increase efficiency by 25% while decreasing maintenance by 23-35%. The new technology is also expected to extend the life of the well’s production.

The Rozella Kifer Well is positioned on 193 acres of land in Gonzales County, Texas. Savoy Energy’s lease has no expiration date as long as the company conducts operations without termination for more than 120 days. It has been estimated that oil reserves for the well are 19,730 Mbbl while the gas reserves are estimated at 3,090 MMcf.

“We are continuously keeping our eye on the bottom line. With today’s technology, we can

Savoy Energy Corp. is an independent oil and gas company seeking growth through a diversified portfolio of valuable oil and gas assets. The company recently announced it is in negotiations with Masi Corp. Holdings Ltd to finalize an oil exploration joint venture. The completed joint venture will result in the Savoy-Masi Petroleum Corp. Ltd. entity, which will license properties in Fiji for oil exploration, recompletion and work-over activities.

Savoy is approaching the Fiji market because of rising oil costs and the opportunity for company shareholders.

“In the early 80s, 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,” Art Bertagnolli, CEO of Savoy stated in the press

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

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.

Earlier this morning, Savoy Energy Corporation announced that its representatives met with representatives of Masi Corp Holdings Limited to complete an Oil Exploration Joint Venture (JV). The JV, Savoy-Masi Petroleum Corporation Limited, is focused on licensing properties in Fiji for Oil Exploration, recompletion, and work-over activities.

Let us hear your thoughts: Savoy Energy Corp. Message Board

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

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

Savoy Energy Corporation announced earlier today 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