OTC Bulletin Board

S & P Company Insight for SAVOY ENERGY CORP
 
 Profile

 
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
Auditor
  GBH CPAs, PC
Transfer Agent
  Empire Stock Transfer Inc.
ShareHolders:  14
Founded:  2007
Domicile:  Nevada
 
  
 
 Background

 
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:
Plantation Exploration, Inc.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Arthur  BertagnolliPresident, Chief Financial Officer & Chief Executive Officer

Directors
 Arthur  Bertagnolli
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
REVENUES
Oil and gas revenues35,885-
EXPENSES
Lease operating expenses8,068-
General and Administrative847,43437,097
Depletion, depreciation, amortization and impairment expense650,813-
Interest Expense(47,296)(2,652)
Net Income (Loss)(1,517,726)(39,749)
Basic and diluted EPS(0.04)Nil
 
Balance Sheet
  20092008
ASSETS
CURRENT ASSETS
Cash60,345540
Accounts receivable2,372-
Total Current Assets62,717540
Oil and Gas Properties, Net111,174-
Total Assets173,891540
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued expenses354,08825,062
Advances from related parties151,00329,500
Accrued Interest Payable57,9963,694
Notes payable447,50029,500
Total Current Liabilities1,010,58758,256
Asset retirement obligations9,683-
SHAREHOLDERS' EQUITY
Common Stock-par Value31,29660,400
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 Equity173,891540
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   120,000
  2009   1Nil
  2009   210,000
  2009   310,000
  2009   Full Year 40,000
  2008   Full Year 263,000
  2007   Full Year 225,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2008   4Nil
  2008   Full Year (359,000)
  2007   30
  2007   Full Year (149,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.02)
  2009   1(.01)
  2009   2(.03)
  2009   3(.01)
  2009   Full Year (.04)
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   3Nil
  2007   Full Year Nil
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par100,000,00053,646,000
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20090.00000.0000
 
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.