Savoy Energy Corp. Orders Technology Upgrade for Rozella Kifer Well to Increase Efficiency...

Savoy Energy Corp. Orders Technology Upgrade for Rozella Kifer Well to
Increase Efficiency and Reduce Costs

HOUSTON, July 30 /PRNewswire-FirstCall/ -- Savoy Energy Corporation (OTC
Bulletin Board: SNVP) announced today that the company hopes to soon upgrade
the technology at its Rozella Kifer Well. The company has placed an order for
a Jack Shaft Reducer that will be installed on the well. The Jack Shaft
Reducer is expected to increase efficiency by 25% while decreasing maintenance
by 23-35%. The new technology will also extend the life of the well's
production.

The Rozella Kifer Well sits on 193 acres of land in Gonzales County, Texas.
Savoy Energy's lease extends for as long as the company conducts operations
without cessation for more than 120 days. The oil reserves for the well are
estimated at 19,730 Mbbl while the gas reserves are an estimated 3,090 MMcf.

"We are continuously keeping our eye on the bottom line. With today's
technology, we can decrease costs associated with pulling oil out of the
ground while increasing profits and in turn, shareholder value," stated Art
Bertagnolli, CEO of Savoy Energy Corp.

Savoy Energy Corporation recently announced that its representatives and its
joint venture, Savoy-Masi Petroleum Corporation Limited, met with The Republic
of Fiji Islands Ministry of Lands and Mineral Resources' Netani Sukanaivalu.
The conversation included talks about stimulating Fiji's economy through Oil
exploration licenses, recompletion, and work-over activities of previously
drilled wells.

About Savoy Energy Corporation

Savoy Energy Corporation (OTC Bulletin Board: SNVP) 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. (www.savoyenergycorp.com)

Forward-Looking Statement: The statements in the press release that relate to
the Company's expectations with regard to the future impact on the Company's
results from acquisitions or actions in development are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. The statements in this document may also contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. When used in this
press release, the words "anticipate," "believe," "estimate," "may," "intend,"
"expect" and similar expressions identify such forward-looking statements.
Forward-looking statements are subject to risks, uncertainties, and other
factors that could cause actual results to differ materially from those
contained in such statements. Such risks, uncertainties, and factors include,
but are not limited to, future capital needs, changes, and delays in product
development plans and schedules, or market acceptance.

SOURCE Savoy Energy Corporation

Investor Relations, e-media Direct, Inc., 1-866-284-2835, for Savoy Energy
Corporation