Ignis Petroleum Group, Inc. (IGPG)

Ignis Petroleum Group Balance Sheet

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005
Period Ending	Jun 30, 2008	Jun 30, 2007	Jun 30, 2006	Jun 30, 2005
Cash & Equivalents	0.27	0.32	0.87	0.15
Cash & Short-Term Investments	0.27	0.32	0.87	0.15
Cash Growth	-15.40%	-63.79%	501.51%	-
Receivables	0.26	0.22	0.06	-
Prepaid Expenses	0.07	0.07	0.19	0.02
Total Current Assets	0.59	0.61	1.12	0.17
Property, Plant & Equipment	0.05	0.32	2.46	2.53
Other Long-Term Assets	0.3	0.65	0.67	0
Total Assets	0.94	1.58	4.25	2.7
Accounts Payable	0.34	0.26	1.09	1.17
Accrued Expenses	1	1.56	-	-
Short-Term Debt	-	-	0.1	0.02
Current Portion of Long-Term Debt	1.09	1	-	-
Other Current Liabilities	1.91	0.99	-	-
Total Current Liabilities	4.35	3.81	1.19	1.19
Long-Term Debt	-	-	1.93	1.5
Other Long-Term Liabilities	0.03	0.05	6.3	-
Total Liabilities	4.37	3.86	9.42	2.69
Common Stock	0.1	0.05	0.05	0.04
Additional Paid-In Capital	12.77	8.35	7.55	0.35
Retained Earnings	-16.3	-10.69	-12.78	-0.39
Shareholders' Equity	-3.43	-2.29	-5.18	0.01
Total Liabilities & Equity	0.94	1.58	4.25	2.7
Total Debt	1.09	1	2.03	1.52
Net Cash (Debt)	-0.83	-0.68	-1.16	-1.38
Net Cash Per Share	-0.01	-0.01	-0.02	-0.03
Filing Date Shares Outstanding	123.56	53.26	50.29	44.7
Total Common Shares Outstanding	97.75	53.26	50.03	41.2
Working Capital	-3.75	-3.21	-0.07	-1.03
Book Value Per Share	-0.04	-0.04	-0.10	0.00
Tangible Book Value	-3.43	-2.29	-5.18	0.01
Tangible Book Value Per Share	-0.04	-0.04	-0.10	0.00
Land	-	-	2.92	2.53

Source: S&P Global Market Intelligence. Standard template. Financial Sources.