Embarr Downs, Inc. (EMBR)

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GIHI subsidiary Sovereign Oil Corp has completed the initial clean-up of the Baker lease tank battery in preparation for oil storage from the accessible production of the 9 existing wells and 3 additional wells scheduled to be re-worked in Q1. The electricity has been tested and oil is expected to begin flowing by mid-month.

Under the terms of the acquisition Sovereign has an additional 60 days in which to complete its due diligence and all oil recovered during this period shall be the property of Sovereign Oil & Gas. Sovereign expects to close the acquisition by March 1 st 2013.