Ignis Petroleum Group, Inc. (IGPG)

Ignis Petroleum Group Cash Flow Statement

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
Net Income	-1.3	0.34	-10.64	-0.64
Depreciation & Amortization	0.3	1.68	5.63	0.16
Other Amortization	0.47	0.31	0.13	-
Loss (Gain) From Sale of Assets	-0.09	-	-	-
Stock-Based Compensation	0.07	0.62	2.57	0.02
Other Operating Activities	0.95	-5.13	1.17	0.03
Change in Accounts Receivable	-0.04	-0.15	-0.07	-
Change in Accounts Payable	-0.48	0.73	-0.08	0.08
Change in Other Net Operating Assets	0.01	0.16	-0.17	-0.04
Operating Cash Flow	-0.11	-1.43	-1.46	-0.39
Capital Expenditures	-	-0.02	-4.16	-2.57
Sale of Property, Plant & Equipment	0.06	-	-	-
Investing Cash Flow	0.06	-0.02	-4.16	-2.57
Long-Term Debt Issued	-	0.9	4.37	-
Total Debt Issued	-	0.9	4.37	2.61
Short-Term Debt Repaid	-	-	-0.02	-
Total Debt Repaid	-	-	-0.02	-
Net Debt Issued (Repaid)	-	0.9	4.34	2.61
Issuance of Common Stock	-	-	2	0.6
Financing Cash Flow	-	0.9	6.34	3.21
Miscellaneous Cash Flow Adjustments	-	-0	-	-
Net Cash Flow	-0.05	-0.56	0.73	0.25
Free Cash Flow	-0.11	-1.46	-5.62	-2.96
Free Cash Flow Margin	-5.18%	-103.28%	-1015.23%	-
Free Cash Flow Per Share	-0.00	-0.03	-0.12	-0.07
Levered Free Cash Flow	0.35	1.27	-2.08	-
Unlevered Free Cash Flow	0.44	2.09	-2.02	-
Change in Net Working Capital	-0.41	-1.68	0.3	-

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