Ignis Petroleum Group (IGPG)

[ghcnj]

Funny how the market cap for IGPG is $350,153.00 at .003 when the company is making about $2.5 million dollars per year off of one (1) well alone. 116,717,727 total O/S x .003 = $350,153 market cap. If that one (1) well is doing 215 barrels per day at about $130.00 per barrel = $27,950.00 per day times 365 days per year = $10,201,750.00 dollars per year. IGPG owns 25% of that it would work out to $10,201,750.00 times 25% (or divided by 4) = $2,550,438.00 per year for IGPG.

As of July 8th, 2008 per the T/A (who is not gagged) said the total outstanding shares were 116,717,727. The Revenue/EPS Summary shows 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. Risk vrs reward. GLTA

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