Oil Company poised for 500-1000% Growth

How often do you find a company with the potential to increase their revenues and assets by 500-1000%? Not often!

A company by the name of Savoy Energy Corporation may accomplish just that! Savoy Energy Corporation, which trades under the stock Symbol (SNVP:OTCBB) ,went public April 3 2009 with 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, which trades under stock symbol (LEI:NYSEAMEX) acts as their operator which enables Savoy Energy 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 and conducts all of the field operations associated with these three wells, including drilling, pumping, and transporting to Savoy Energy customers.

Savoy Energy is now on the brink of experiencing major growth! According to their last 10k-A on page four(4) the company states this,” 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.”

This is significant due to the fact that the company currently owns 4 wells. If this were to materialize one can only speculate as to what the stock would do. If the company acquires ½ of these wells which they have identified it would represent over a 500% increase in their holdings, and if they manage to acquire all 48 wells it would represent well over 1000% increase in their holdings! It may be safe to assume that Savoy Energy Corporations(SNVP) assets and revenues may experience significant increases.

If Savoy Energy accomplishes their goals of acquiring these wells, what kind of an increase in assets and revenues would you expect the company to realize?