Savoy Energy Corp
OTCBB: SNVP | Industry: Oil & Gas
www.savoyenergycorporation.com
About Savoy Energy Corporation
Savoy Energy Corp., (SNVP) 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. This is accomplished through a meticulous process of evaluations, applications of modern well technologies 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.
The Company fully expects to have a working interest in as many as 48 additional wells by year-end.
Stock Facts: As of April 29th, 2010
Last Trade: $0.025 Average Volume: 289,294
Shares Outstanding: 60m Estimated Float: 28M
52-week Low: $0.0202 52-week High: $0.53
Market Capitalization: $2,280,000 Exchange: OTC Bulleting Board
Operator
Lucas Energy, Inc., (AMEX: LEI) currently owns the remaining working interest in the operating wells listed below in exchange for being the operator. There is a possibility for SNVP and LEI to continue working together on future well acquisitions.
Lucas Energy, Inc. is a Houston, Texas based independent oil and gas company that identifies, evaluates and acquires leasehold property interests, primarily in the Austin Chalk formation of the middle Gulf Coast of Texas, that are underperforming or have been shut-in or plugged and abandoned. These properties are then revitalized by undertaking extensive re-entry and work-over procedures, including clean-up, repairs and treatments of the existing well bores and lateral extensions, as well as drilling new laterals into previously non-producing areas of the formation.
By utilizing tight field and operating management controls, together with having a comprehensive understanding of the production characteristics of the Austin Chalk, the Company believes that it can increase reserves, improve production and maximize cash flow while avoiding most of the high risks of typical exploration projects.
Producing Properties
Ali-O No.1, Gonzales County, Texas
On October 25, 2006, we acquired a lease of approximately 82.66 acres of land in Gonzales County, Texas to complete and produce oil and gas on the property. Our lease on the property extends for so long as we conduct operations without cessation for more than 120 consecutive days. With the lease we 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.
Rozella Kifer, Gonzales County, Texas
On January 1, 2007, we acquired approximately 193.003 acres of land in Gonzales County, Texas to complete and produce oil and gas on the property. Our lease on the property extends for so long as we conduct operations without cessation for more than 120 days. With the lease we acquired ownership of all machinery, fixtures, equipment, tanks, well bore, casings and all other equipment used in connection with the operation of, and production of an oil well located on the leased premises.
Zavadil No.1
On October 1, 2006, we acquired approximately 45 acres of land in Gonzales County, Texas to complete and produce oil and gas on the property. Our lease on the property extends for so long as we conduct operations without cessation for more than 120 days. With the lease we 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.
Wright
On January 1, 2006, we acquired the Wright leases of approximately 485.41 acres of land in Gonzales County, Texas to complete and produce oil and gas on the property. Our lease on the property extends for so long as we conduct operations without cessation for more than 120 days. With the lease we 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.
Management Bios
Arthur Bertagnolli has been our President, CEO, CFO and director since 2007. He oversees all responsibilities in the areas of corporate administration, business development, and research. Mr. Bertagnolli began performing contract work for Plantation Exploration in 1988, and became a full-time employee in 1997. He served as our vice-president from 2000 until 2007, and became our President in 2007. His duties have included oil field management, competitive intelligence, demographic studies, strategic marketing, contract negotiations, account acquisition and retention, and advertising and promotion. Mr. Bertagnolli followed in the footsteps of his late father, who retired from Shell Oil after 33 years of service, by beginning his oil and gas career with Dresser Industries in 1980. He is a graduate of the University of South Florida with a B.A. in Management.
William F. Howell has been a director of the Company since June 2010. Mr. Howell’s oil and gas experience spans 47 years, both onshore and offshore. Mr. Howell has worked as a geologist domestically in Oklahoma, Texas and the Gulf of Mexico and internationally in Libya. Mr. Howell received a BS degree in Geology from the University of Oklahoma in 1954. His previous experience includes 13 years (1955 – 1968) as an exploration geologist at Continental Oil Company followed by 6 years (1968 – 1974) as Gulf Coast Exploration Manager for Mesa Petroleum. Mr. Howell originated prospects and organized a bidding group for participation in the Gulf of Mexico Shelf Exploration when he founded Paragon Petroleum, Inc. in 1978. Roberts Oil and Gas benefited from his services from 1981 to 1988 when he served as an Exploration Vice President. Mr. Howell also served on the Board of Directors of Roberts Oil and Gas, Inc., but no longer holds that position. From 1989 to June 2000, he served as a Senior Exploration Advisor to Hardy Oil & Gas and participated in the transition of Hardy to the new company, Mariner Energy, Inc. which is primarily active in the Gulf Coast. Since 2000, Mr. Howell continues to serve as the President of Paragon Petroleum, Inc.
Raymond A. Crabbe has been a director of the Company since June 2010. Mr. Crabbe has had a thirty-five year career with extensive knowledge and experience in oil and gas. 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. In the past five years, Mr. Crabbe has been employed by Chevron (2005 – 2006); STV Inc. in 2007; and Mustang Engineering from 2007 to present. Mr. Crabbe received an AS, in Engineering Technology from San Jacinto College in 1970, a BS in Engineering Technology from the University of Maryland in 1973, a BS in Construction Management from Almeda University in 2000 and an MBA in Management from Almeda University in 2003.
Charles J. Jacobus has been a director of the Company since June 2010. Mr. Jacobus has been an accomplished real estate attorney and publisher since 1973. 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 numerous books focused on Georgia, Ohio and Texas Real Estate Law, co-authoring many of them. Mr. Jacobus holds a State Bar of Texas license as well as a Texas Real Estate Broker license. Mr. Jacobus received a Bachelor of Science from the University of Houston, Doctor of Jurisprudence from the University of Houston.
Reserve Reports
Reserve Reports for Savoy Energy Corp have been provided by Forest A. Garb & Associates, Inc
Forest Garb Client Incluede: US GEOLOGICAL SURVEY, WELLS FARGO, BARCLAY BANK, CHEVRON, Texas State Property Tax Board, for an extensive list of clients you can go to http://www.forgarb.com/f-client.htm
Disclaimer: This publication is an advertisement on behalf of Savoy Energy Corporation which trades under the stock symbol SNVP and may not be construed as investment advice. This advertisement does not provide an analysis of the Company’s financial position and is not a solicitation to purchase or sell securities of the Company. Readers should consult with their own independent tax, business and financial advisors with respect to any investment, including any contemplated investment in the advertised Company. The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, “the Publisher”) of this advertisement has been compensated by the Company. In preparing this advertisement, the Publisher has relied upon information received from the Company, which although believed to be reliable, cannot be guaranteed. This advertisement is not an endorsement of the Company by the Publisher. The Publisher is not responsible for any claims made by the Company.




