Savoy Energy Corp. Installs Technology Upgrade for Rozella Kifer

HOUSTON, TX, Nov 02 (MARKET WIRE) --
Savoy Energy Corporation (OTCBB: SNVP) announced today that the company
has successfully installed the Jack Shaft Reducer on its Rozella Kifer
Well. The Jack Shaft Reducer is expected to both increase efficiency and
decrease maintenance costs which will in turn extend the life of the
well's production.

The Rozella Kifer Well sits on 193 acres of land in Gonzales County,
Texas. The oil reserves for the well are estimated at 19,730 Mbbl while
the gas reserves are an estimated 3,090 MMcf.

"With the Rozella Kifer already operating on electricity it is the perfect
well to install and monitor the results of the Jack Shaft Reducer. I am
pleased to see that the speed of the electric motor and the stress on the
rods have both been reduced. This will have a direct effect on the
operating costs for this well. We learned much during this installation
that will enhance future installations of Jack Shaft Reducers. In keeping
with our focus of protecting the environment through less emissions and
keeping oil off the ground and in the tanks I look forward to continuing
this phase of upgrades to be installed on our other existing and future
wells," stated Art Bertagnolli, CEO of Savoy Energy Corporation.

About Savoy Energy Corporation

Savoy Energy Corporation (OTCBB: 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.

Contact:
Corporate office
Art Bertagnolli
1-713-243-8788 for Savoy Energy Corporation
Website: http://www.savoyenergycorp.com

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