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| | Business Summary: Savoy Energy Corporation performs recompletion and workover activities on wells in Texas. It engages in the business of re-entering, recompleting, extracting oil from, and selling oil from previously drilled wells in the United States. It holds leases on and is producing oil from four wells. | | | Address
11200 Westheimer, Suite 900
Houston
, TX 77042
Phone: 713-243-8788
Fax: 713-248-8801
Website: http://www.savoyenergycorp.com
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GBH CPAs, PC
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Empire Stock Transfer Inc.
| | ShareHolders: 14 | Founded: 2007
Domicile: Nevada | | | |
| | Savoy Energy Corporation performs recompletion and workover activities on wells in Texas. It engages in the business of re-entering, recompleting, extracting oil from, and selling oil from previously drilled wells in the United States. 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 intends to continue its workover efforts on these wells, and intends to seek to duplicate its efforts with other wells. Together with 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 favorable candidates for recompletion or workover.
The company was formerly known as Arthur Kaplan Cosmetics, Inc. and changed its name to Savoy Energy Corporation on April 3, 2009. It previously developed, manufactured and sold organic personal care products for men.
Savoy Energy Corporation is based in Houston, Texas. | | History: INCORPORATED in Nevada June 25, 2007, as Arthur Kaplan Cosmetics, Inc.; name changed to Savoy Energy Corp. Apr. 3, 2009. On Apr. 2, 2009, Plantation Exploration Acquisition, Inc., a wholly owned subsidiary of the company, merged into Plantation Exploration, Inc., which became a wholly owned subsidiary of the company. In the merger, the sole shareholder of Plantation Exploration received 2,000,000 Common shares of the company. In addition, the company sold its prior business of developing, manufacturing and selling organic personal care products specifically for men and assets related to that business in exchange for the cancellation of 10,100,000 Common shares of the company and the forgiveness of certain debt. | | | | Subsidiaries: |
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Plantation Exploration, Inc.
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Management
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| Officers | Position |
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| Arthur Bertagnolli | President, Chief Financial Officer & Chief Executive Officer |
| | Directors |
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| Arthur Bertagnolli | | | |
| | | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 100,000,000 | 53,646,000 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
12/31/2009,
14.
| | PRINCIPAL STOCKHOLDERS: December 31, 2009, Arthur Bertagnolli owned 26.8% of the Common. | | | |
Transfer Agent: Empire Stock Transfer Inc.
Henderson
, NV | | | | OTC Bulletin Board( Primary): SNVP | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.0000 | 0.0000 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 10-for-1, May 29, 2008.
Common $0.001 par was split 4-for-1, ex-June 15, 2009. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Oil and gas revenues | 35,885 | - | | EXPENSES |
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| | Lease operating expenses | 8,068 | - | | General and Administrative | 847,434 | 37,097 | | Depletion, depreciation, amortization and impairment expense | 650,813 | - | | Interest Expense | (47,296) | (2,652) | | Net Income (Loss) | (1,517,726) | (39,749) | | Basic and diluted EPS | (0.04) | Nil |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| ASSETS |
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| | CURRENT ASSETS |
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| | Cash | 60,345 | 540 | | Accounts receivable | 2,372 | - | | Total Current Assets | 62,717 | 540 | | Oil and Gas Properties, Net | 111,174 | - | | Total Assets | 173,891 | 540 | | LIABILITIES |
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| | CURRENT LIABILITIES |
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| | Accounts payable and accrued expenses | 354,088 | 25,062 | | Advances from related parties | 151,003 | 29,500 | | Accrued Interest Payable | 57,996 | 3,694 | | Notes payable | 447,500 | 29,500 | | Total Current Liabilities | 1,010,587 | 58,256 | | Asset retirement obligations | 9,683 | - | | SHAREHOLDERS' EQUITY |
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| | Common Stock-par Value | 31,296 | 60,400 | | Accumulated deficit | (1,581,992) | (64,266) | | Additional Paid-in Capital (Deficit) | 704,317 | (53,850) | | Total Shareholders Equity | (846,379) | (57,716) | | Total Liabilities & Shareholders Equity | 173,891 | 540 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 20,000 | | 2009 |
1 | Nil | | 2009 |
2 | 10,000 | | 2009 |
3 | 10,000 | | 2009 |
Full Year
| 40,000 | | 2008 |
Full Year
| 263,000 | | 2007 |
Full Year
| 225,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| (359,000) | | 2007 |
3 | 0 | | 2007 |
Full Year
| (149,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.02) | | 2009 |
1 | (.01) | | 2009 |
2 | (.03) | | 2009 |
3 | (.01) | | 2009 |
Full Year
| (.04) | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
3 | Nil | | 2007 |
Full Year
| Nil |
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