Savoy Energy Corp., Houston, (OTCBB: SVYE) plans to acquire the remaining interest of the Wright well in Gonzalez County, Texas, from Lucas Energy Inc., Houston, (Amex: LEI) for an undisclosed price. Savoy currently holds 35%. Wright Well is on 485 acres near San Antonio and targets the Austin chalk. Savoy estimates daily production to be 40 to 50 barrels.
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