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Re: wolverine02 post# 5332

Wednesday, 11/28/2012 9:37:21 AM

Wednesday, November 28, 2012 9:37:21 AM

Post# of 38242
excerpt; maybe jumper on today. wow indicator; PLANO, Texas, Nov. 28, 2012 /PRNewswire/ -- Globalgroup Investment Holdings, Inc. (GIHI.PK) announced today its subsidiary Sovereign Oil, Inc. has executed an LOI agreement with Ad Astra Oil Corporation to acquire a 120 acre oil and gas lease in Miami County Kansas with 9 producing oil wells and 5 oil wells scheduled to be reworked.

The agreement is to be completed NLT December 15th 2012, subject to final completion of normal due-diligence by GIHI. The company expects the cost of the additional 5 reworks to be approximately $10,000 per well.

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