DALLAS, Nov. 11, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Savoy Energy Corp. (OTCBB:SNVP). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Savoy Energy Corp. (OTCBB:SNVP) should be of particular interest to other oil production companies: CityView Corp. (OTCBB:CTVWF), Delta Oil & Gas (OTCBB:DLTA), EGPI Firecreek (OTCBB:EFIR) and Eternal Energy (OTCBB:EERG).
It is available at: http://www.investorsoup.com/lp/SNVP
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Savoy Energy Corp. (SNVP), formerly Arthur Kaplan Cosmetics Inc., is engaged in re-entering, re-completing, extracting and selling oil from previously drilled wells in the United States. In April 2009, the Company merged with Plantation Exploration. Subsequent to the merger the Company sold its interest in developing, manufacturing, and selling organic personal care products specifically for men. The Company sells oil it produces to Gulfmark Energy, an oil broker who in turn sells oil to Royal Dutch Shell, one of the world's oil companies. The Company re-enters and bring back into production wells that have been previously drilled and subsequently abandoned for a variety of reasons.
Message Board Search for SNVP: http://www.boardcentral.com/boards/SNVP
In the report, the analyst notes:
"Total revenue reported for the quarter ended June 30, 2009, was $8,747, a decrease from $88,516 for the quarter ended June 30, 2008. SNVP's total revenue reported for the six months ended June 30, 2009, was $24,211, a decrease from $150,122 for the six months ended June 30, 2008. The decrease in revenues for the quarter ended June 30, 2009, from the same quarter in 2008 is attributable to decreased oil revenues.
"SNVP announced earlier this month that it has successfully installed the Jack Shaft Reducer on its Rozella Kifer Well. The Jack Shaft Reducer is expected to increase efficiency and decrease maintenance costs, which should in turn extend the life of the well's production."
To read the entire report visit: http://www.investorsoup.com/lp/SNVP
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