Replies to post #1813 on Ignis Petroleum Group (IGPG)

[ULTRA]

The current quarter operating revenues of $234,909 decreased $236,305 compared to prior quarter as a result of decreased production primarily from the Acom A-6 property and lower condensate and gas pricing of approximately $10.00 per barrel of oil and $1.80 per mcf. The decrease in production in this period is representative of expected production. Prior period production increase resulted from paraffin build up that was cleaned out along with sand fill clean out. We expect the Acom A-6 production level to remain flat at approximately 200 Bbls per day of gross oil and 400 Mcf per day of gross natural gas with some moderate decline with time. We own a 25% working interest in the property.

[downtherathole]

there must be a disconnect somewhere...the shares were 50 or 60 cents when they dealt in 60 buck oil.