(Source: MARKETWIRE)
Savoy Energy Corporation (OTCBB: SNVP) today announced it has been granted a registration to undertake gas and oil exploration in Fiji. Savoy Energy Corporation's joint venture, Savoy-Masi Petroleum Corporation Limited, recently met with The Republic of Fiji Islands Ministry of Lands & Mineral Resources' Netani Sukanaivalu to discuss the stimulation of the Fiji economy through oil exploration licenses, recompletion, and working over previously drilled wells.
Fiji, according to Rodd Report written by Jonathan Rodd for SOPAC in 1993, reports the island nation could hold up to 1 billion barrels of oil.
For more information please visit www.savoyenergycorp.com
Other active stocks are Clayton Williams Energy Inc (NASDAQ: CWEI), Exxon Mobil (NYSE: XOM) and Chesapeake Energy Corp. (NYSE: CHK).
For entire release, go http://finance.yahoo.com/news/Savoy-Energy-Meets-With-prnews-537684850.html?x=0&.v=1
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