Embarr Downs, Inc. (EMBR)

[YouOnlyLiveOnce]

Globalgroup Investment Holdings, Inc. (PINKSHEETS: GIHI) has announced that their subsidiary Sovereign Oil Corp has completed its first re-worked oil well in Kansas. The initial re-work located on the South West corner of the lease was successful and oil flows are strong with production expected to be 1-2 barrels of oil, per day.

Oil companies began exploring Southern Kansas over a year ago, seeing enormous potential in the area now that new technologies like horizontal drilling and fracking have made it possible to tap into the oil-rich Mississippian Limestone formation.