LAS VEGAS, Nov. 2, 2009 (GLOBE NEWSWIRE) -- SmallCapSentinel.com announces the release of a profile of emerging Oil and Gas company Savoy Energy (OTCBB:SNVP) of interest to investors of oil and gas leaders Credo Petroleum Corporation (Nasdaq:CRED), Newfield Exploration Company (NYSE:NFX), Cano Petroleum (AMEX:CFW) and Swift Energy (NYSE:SFY) .
The report and profile is available at http://smallcapsentinel.com/SNVP
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From the report: It may appear that Savoy Energy is just a smaller version of a traditional exploration firm but when you dig a little deeper, there are stark differences to be discovered and those could be positive catalysts going forward. Savoy typically explores for oil and gas at properties and wells that have been abandoned by bigger companies. That's not a bad thing. Most big exploration firms only extract about 40% of the available oil and gas from onshore wells before they move on to other projects. That means Savoy is going to places where there are known reserves and the company is keeping its costs low when compared to the bigger players. Lower costs equal higher profits. It's that simple.
About Savoy Energy: 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, a meticulous process of evaluation, application of modern well technology 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.
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