Ignis Petroleum Group (IGPG): All, With IGPG… IGPG is an OTC...

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Monday, 04/14/2008 12:31:49 AM

Monday, April 14, 2008 12:31:49 AM

All, With IGPG…

IGPG is an OTCBB stock that files on a regular basis. There are four key topics of interest to focus on with IGPG.

1. IGPG CFO Filed a Form 3 on 3 Apr 08.
2. IGPG Currently Restructuring Cornell Debt to eliminate without changing share structure.
3. IGPG Increased Revenues & Market Capital Considerations.
4. IGPG Projects.

I will try to briefly explain in short detail the key thoughts to consider about each IGPG topic of interest.

IGPG Form 3 Filed by its CFO:
On 3 Apr 08, the IGPG CFO filed a Form 3. A Form 3 is the initial form that must be filed with the SEC before Insiders begin to sell or buy any shares of the company of which they are affiliated. It shows the amount of shares owned by the selling or buying party. The amount of IGPG shares reflected to be owned by the CFO on the Form 3 filed was “ZERO” which means that he is filing to buy shares of IGPG and to not sell shares of IGPG because it reflected that he has no shares to sell.

Also, when Insiders begin to buy shares in their company’s stock, it’s usually safe to believe that they are doing so for positive reasons that are subliminal to the public at such time of them buying. I am expecting to see a Form 4 filed by the CFO sometime in the near future confirming his purchase of shares with news following sometime after he gets his shares. From researching what IGPG is involved with, I expect for the news to be huge.

IGPG Currently Restructuring Cornell Debt to eliminate without changing share structure:
Removing Cornell from your financing picture is always a huge sign of forward movement. I think many already understand this without going into much detail. I was told that the CEO is away working on eliminating that Cornell debt through a restructuring process that will not affect the current share structure. Please read the post below to see what I was told by a consultant from IGPG:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28427748

IGPG Increased Revenues & Market Capital Considerations:
From the link above, the individual that considered himself a consultant told me that their Revenues are up. Here’s something to consider about that. A friend of mine told me that a friend of his bought 9 acres for $1 million and then turned right around and sold it for $11 million in less than a year from the Barnett Shale formation in Ft. Worth, TX. This just happened this year. Please research what is happening in that area to understand the magnitude of what is happening over there.

Don't you think them same 9 acres would have gone for a lesser price meaning that he could have either bought more acres with that $1 million back then in 2006 or spent less than $1 million for a greater profit margin for himself than the $10 million profited? Now imagine the value of the acres purchased by IGPG back in 2006 for $18,450,000 for their land in that same area.

Replace that actual $1 million worth of land with the $18,450,000 worth of land in that very same Barnett Shale region that was spent by IGPG in 2006. This leads me to think that maybe there is at least a speculative consideration that the value of that land just might be 10 times greater in value too since it was purchased over a greater period of 1 year.

But wait though. Let’s figure that the land for some strange reason did not appreciate at all to only be worth in value the $18,450,000 that was originally spent by IGPG. That would still give IGPG the current Market Capital below:

$18,450,000 ÷ 89,144,553 (Current OS) = .207 per share

Now if for some reason, the valuation of that piece of land has appreciated upwards in the amount of 10 times the value, then I think you can do the math to see the potential that I am talking about as this is only from “1” project. I recommend reading about the remainder of all “4” of their projects below to really understand why some of us believe that IGPG is still significantly undervalued.

IGPG Projects

Acom A-6
http://www.ignispetroleum.com/project.html
The Acom A-6 prospect currently holds proved reserves and is producing oil and gas with revenues being earned by us. We have estimated proved reserves of 13,652 bbls of oil and 69,542 mcf of gas. We have realized a total of 5,348 bbls of oil at an average price of $58.17 and 20,458 mcf of gas at an average price of $7.97 through June 30, 2006.

Barnett Shale Prospects
http://www.ignispetroleum.com/project.html
The Barnett Shale Prospect currently holds proved reserves and is producing oil and gas. We have estimated proved reserves of 2,072 bbls of oil and 13,085 mcf's of gas. Between April 6, 2006 and June 30, 2006 the Barnett Shale wells produced 272 barrels of oil and .978 million cubic feet of gas.

Sherburne Field
http://www.ignispetroleum.com/project.html
Our partner and the Operator, Rodessa Operating Company, has reached total depth on the development well. The well was directionally drilled to 10,205' measured depth, 9,750' true vertical depth. The well identified two potentially productive gas intervals. The next step is to run production casing and complete the well in such a manner as to allow multi-rate flow testing of each interval showing potential gas production.

Osborn
http://www.ignispetroleum.com/project.html
Ignis will acquire forty-five percent (45%) of WBO's interests in 7,890 gross acres (6,864 net acres), 13 producing wells, and an estimated total net proved reserves of 1.4 million barrels of oil equivalent (Mboe) of which 0.5 Mboe are proved developed producing as of June 1, 2006. Approximately fifty percent (50%) of the proved reserves are oil and fifty percent (50%) are a combination of gas and gas liquids. The gathering and treating system consists of a 100% interest in approximately 24 miles of gathering lines, which accumulates and treats natural gas at a central plant.

WBO has identified 36 initial drilling locations on the acreage before beginning the infill drilling program, which could yield more than 100 additional drilling sites. A Pioneer Drilling Company rig, secured under a 12-month renewable contract, is currently being used to carry out the continuous drilling program.

v/r
Sterling