Last $0.0004 USD
Change Today 0.0001 / 33.33%
Volume 562.0
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As of 12:55 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

savoy energy corp (SNVP) Snapshot

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03/27/14 - $0.0019
52 Week Low
12/30/14 - $0.0002
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savoy energy corp (SNVP) Details

Savoy Energy Corporation is engaged in re-entering, re-completing, extracting oil, and selling oil from previously undeveloped and drilled wells in the United States. It holds leases on and produces oil from unproven and proven developed and undeveloped wells comprising a 49.25% undivided interest in lease acreage comprising 144 acres in Gonzales County, Texas; a 5.0% overriding royalty interest in W.L. Barnett ET AL #1 & #2; and a 2.75% working interest in the Glass 59 #2 well. The company is based in Houston, Texas.

savoy energy corp (SNVP) Top Compensated Officers

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savoy energy corp (SNVP) Key Developments

Savoy Energy Files Form 15

Savoy Energy Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, $0.001 par value per share under the Securities Exchange Act of 1934, as amended.

Savoy Energy Corporation Auditor Raises 'Going Concern' Doubt

Savoy Energy Corporation filed its 10-K on Apr 16, 2013 for the period ending Dec 31, 2011. In this report its auditor, Paritz & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Savoy Energy Corporation to Renew Services Agreement with ASL Energy Corp

Effective February 21, 2013, Savoy Energy Corporation and ASL Energy Corp. mutually agreed to not renew a services agreement previously in place between the parties. ASL will remain a creditor and shareholder of the company moving forward. Also effective February 21, 2013, the Company and ASL entered into a Letter Agreement to document and confirm certain amounts owed by the Company to ASL in connection with fees previously due to ASL, amounts which ASL has paid and has agreed to pay on behalf of the Company, which the Company has agreed to reimburse to ASL, which total fees and reimbursements total $37,500 owed under certain outstanding Convertible Promissory Notes (notwithstanding additional amounts outstanding to ASL under certain other convertible promissory notes), and to confirm and acknowledge certain other matters.


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