Standard & Poor’s (S&P) announced this morning that it has commenced Factual Stock Report coverage on Savoy Energy Corporation. The stock report provides factual research coverage to a wide investor audience of Buy and Sell-side investors, helping them understand Savoy’s fundamentals and business prospects.
Savoy Energy Corp. focuses its business operations on performing recompletion and workover activities on wells in Texas. The company re-enters, recompletes, extracts oil from, and sells oil from previously drilled wells in the United States. Currently, it holds leases on and is producing oil from four wells: Ali-O No.1, Rozella Kifer, Zavadil No.1, and Wright, all located in the state of Texas. Savoy plans to continue its workover efforts on these wells, and desires to duplicate its efforts with other wells.
With the assistance of a petroleum consulting firm, Savoy plans to locate and evaluate a number of abandoned oil wells. In addition to its four wells, the company has also identified 18 other wells, including two that are producing and 16 that have been shut in but have seismic or other data indicating that they are viable candidates for recompletion or workover.
Currently profiling more than 1,000 issuers, S&P Factual Stock Reports increase market awareness in the investment community with insightful commentary and crucial information. Their reports are accessible on an ongoing basis to the investment community, including scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of independent retail investors also have access to the report via their e-brokerage accounts.
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