Business
Sovereign Oil Announces Sale Of Robbins Lease
Sovereign Oil Announces Sale Of Robbins Lease.
About this update from Embarr Downs, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nSovereign Oil Announces Sale Of Robbins Lease\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nSovereign Oil Announces Sale Of Robbins Lease\n\nPR Newswire\n\nPLANO, Texas, April 4, 2013\n\n\n\n\n\n\n\nPLANO, Texas, April 4, 2013 /PRNewswire/ -- Globalgroup Investment Holdings, Inc. (OTC Pink: GIHI) announced today that its subsidiary Sovereign Oil Inc. has successfully sold the Robbins lease located in Linn County, KS. The sale was completed the last week in March. \n\n\nThe sale resulted in $50,000 of debt being removed from Sovereign's books. This will allow the company to pursue further lease acquisitions in KS and TX. Sovereign has also been exploring O&G opportunities in OH.\n\n\nUpon conclusion of Robbin's sale the company began an immediate search for new lease opportunities within Wilson and Linn counties in the KS area. GIHI's petroleum division expects improved annual financials from the KS sale of approximately $100,000. \n\n\n\nAbout Globalgroup Investment Holdings, Inc.\nGlobalgroup provides a viable online shopping alternative for fiscally challenged consumers by offering quality name brand products at affordable prices, regardless of household income, through credit alternatives and time-payment options. Globalgroup also offers technology solutions such asGlobalLOK™ that address the computer payment collection challenges associated with rent to own, pay as you go and no-credit-check computer markets, and in other industries where remote PCs and laptops are deployed. Sovereign Oil, a wholly owned subsidiary, has its emphasis on oil and gas exploration, drilling, and well completion.\n\n\n\nNotice Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases \"would be,\" \"would allow,\" \"intends to\", \"will likely result,\" \"are expected to,\" \"will continue,\" \"anticipate,\" \"expect,\" \"estimate,\" \"project,\" \"indicate,\" \"could,\" \"potentially,\" \"should,\" \"be...