Replies to post #1810 on Ignis Petroleum Group (IGPG)

[ULTRA]

Ignis Petroleum Group, Inc. announced that on March 6, 2007, the company entered into a Second Amended and Restated Loan Agreement with Petrofinanz GmbH which amended and restated the Amended and Restated Loan Agreement with Petrofinanz dated August 28, 2006. Pursuant to the Second Amended and Restated Loan Agreement, Petrofinanz loaned $400,000 to in addition to the $600,000 Petrofinanz had previously loaned. Interest on the entire $1,000,000 principal amount of the loan will continue to accrue interest at a rate of 10% per annum. The agreement also extends the maturity date of the entire principal amount of the loan and defers all interest payments under the Second Amended and Restated Loan Agreement until June 30, 2009.

[ULTRA]

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.