Ignis Petroleum Group, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the United States. It has interests in various oil and gas prospects in the United States onshore Gulf Coast region, primarily located in Texas and Louisiana. The company was formerly known as Sheer Ventures, Inc. and changed its name to Ignis Petroleum Group, Inc. in July...
Ignis Petroleum reported revenue of $2.10 million for fiscal year 2008, up 48.6% from fiscal year 2007, and net income of -$1.30 million.
Figures from company filings; latest fiscal year ended June 30, 2008.
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