How often do you find a company trading on the OTCBB with the potential to increase their revenues and assets by 500-1000 percent? The answer is not often and SNVP may accomplish just that.
When SNVP went public in April 3, 2009 they held three non producing wells. Since then the company has managed to complete their workover program on these wells and have achieved 40 BPD with the help of Lucas Energy which has a fractional interest in all four of their wells.
Lucas Energy (LEI) which currently trades at $2.00 a share on the AMEX acts as their operator which enables SNVP to execute their business plan without the overhead costs of employees, and the logistical concerns of scheduling, insurance and human resources.
Lucas Energy is currently a working interest partner in the Ali-O, Rozella Kifer and Zavadil properties and conducts the entire field operations associated with these three wells, including drilling, pumping, and transporting to Savoy Energy customers. In addition to these three wells the company also acquired a 144 acre lease in Gonzalez County. This lease gives SNVP access to the Eagle Ford Shale and the Austin Chalk Formation.
View all of SNVP’s current properties by visiting this link –http://www.savoyenergycorp.com/operations.html
Once your done reading this email, Google “Eagle Ford Shale” and you will see what a big deal it is to have a lease with access to that formation!
Our Due Diligence On (SNVP) Indicates That A Big Event Is Around The Corner.
According to their last 10k-A on page four(4) the company states, “We have also identified 48 other wells, ten that are producing and 34 that have been shut in but have seismic or other data indicating that they are favorable candidates for recompletion and workover. We hope to acquire these potential assets in the next twelve months.”
To see the Filing for yourself, click here.
The last press release this company announced was a letter of intent to acquire 34 wells with 7 of them already producing. This acquisition would increase the amount of wellsSNVP owns and we believe it would increase their producing wells by 150%. The stock has undergone a quiet period and has become active in the last week which is indicating an upcoming breakout.
If the company acquires ½ of these wells, which they have identified, it would representover a 500% increase in their holdings. And if they manage to acquire all of the wells it would represent well over a 1000% increase in their holdings!
We are 11 months into SNVP’S 12 month forecast on the expected Acquisitions and coincidentally the stock has been showing positive movement with no news!
As you can see in the chart above, SNVP is clearly bouncing up off of its bottom and we feel this momentum will continue during Thursday trading and we could see a massive rally in shares of SNVP.