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 Corp. is an independent oil and gas company building a portfolio of valuable oil and gas assets in the United States. The company’s strategy is to meticulously identify abandoned oil and gas assets, which are then brought online through modern well technology involving recompletion and work-over activities.

The target market for Savoy Energy is rather large. The company is looking to extract “left-behind” oil in abandoned wells across the United States. According to the US Department of Energy, nearly 2 out of every 3 barrels of oil has been “left behind” in over 500,000 wells across the United States, amounting to a staggering 200 billion barrels of oil.

The company announced a couple weeks ago that it had finalized an agreement with Tangiers Investors LP for a $10 million equity line of credit. The financing will commence after Savoy’s company audits

Savoy Energy Corp., an independent oil and gas company specializing in the turnaround of abandoned wells, is in a rather unique position within the industry. While many oil and gas companies depend upon searching for and discovering new wells, still a largely speculative process in spite of all the technologies now being applied, Savoy goes after existing wells. These are wells that still have oil, but which were abandoned earlier because previously available technologies and processes were simply not able to economically extract the remaining stock. Using innovative approaches, Savoy is able to tap into those remaining resources, bringing the wells back online.

Savoy is currently producing oil from four wells, with another 18 being evaluated. This is expected to increase significantly over the next few years. However, the company is very careful in identifying and evaluating well candidates, a move

Savoy Energy Corp. currently performs recompletion and workover activities on wells in Texas. The company identifies and acquires abandoned oil and gas assets and brings them back into production using effective, low-cost methods.

The company is focused on recovering oil in wells that has been “left behind.” There are many such oil fields all over the United States which have been closed with oil trapped inside as it was uneconomical to extract further oil from the well at the time. Such activities should be profitable for Savoy Energy, a company with low overhead, an efficient cost structure and effective technologies to extract the oil.

Oil that has been left behind represents a large opportunity for Savoy Energy. Nearly two out of every three barrels of oil discovered in the United States remains trapped underground after conventional recovery operations. According to the

Savoy Energy Corp. is a domestic, independent oil and gas company building a portfolio of oil and gas properties. Savoy Energy currently holds leases on and has oil production from four wells. Eighteen other wells (2 producing, 16 abandoned) have already been identified by the company’s meticulous evaluation process as favorable targets for recompletion or work-over activities. The company expects to acquire these properties within the next 12 months.

Nearly two out of every three barrels of oil discovered in the United States remain trapped underground after conventional recovery operations. As per the US Department of Energy, this amount of oil comes to a staggering 200 billion barrels. Savoy Energy is focusing its efforts on this huge base of trapped oil.

A new research report has been issued on Savoy Energy by Grass Roots Research, Wall Street’s number one small cap research

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

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

Savoy Energy Corp., an independent oil and gas company building a diversified portfolio of valuable oil and gas assets, announced today 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.

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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.

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