Ignis Petroleum Group (IGPG)

[ghcnj]

As of July 8th, 2008 per the T/A the total outstanding shares were 116,717,727. Am I reading that Revenue/EPS Summary correct where the revenue for the 1st quarter of 2008 was $593,449.00 ???? If that holds true for the year that would give IGPG about $2,373,796.00 total revenue for the year 2008 just off one (1) well or about .02 cents per share straight market value. $2,373,796.00 divided by 116,717,727 = .02 cents per share. Even a marker multiplier of 5x brings it to .10 cents per share. If IGPG moves forward and hits us with some updates and good news on projects we are golden. If they don't I guess we sit in this range LOL. Am I reading this right ????

http://www.nasdaq.com/aspx/revenueepssummary.aspx?symbol=IGPG&selected=IGPG