Savoy Energy Corp. (SNVP.OB) to Upgrade Rozella Kifer Well’s Technology for Increase in Efficiency and Decrease in Costs
Yesterday after the closing bell, Savoy Energy Corp. announced that in the near future the company intends to upgrade the technology at its Rozella Kifer Well. The company has ordered a Jack Shaft Reducer that will be installed on the well. The installation is anticipated to increase efficiency by 25% while decreasing maintenance by 23-35%. The new technology is also expected to extend the life of the well's production. The Rozella Kifer Well is positioned on 193 acres of land in Gonzales County, Texas. Savoy Energy's lease has no expiration date as long as the company conducts operations without termination…