- CEO
- Geoffrey Long
- Full Time Employees
- 2
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 100 Cresent Court Dallas GA United States of America
- IPO Date
- Jun 2, 2005
- Business
- Ignis Petroleum Group, Inc. (IGPG) engages in the exploration, development, and production of crude oil and natural gas properties in the United States. The company holds interests in various oil and gas prospects in the onshore Gulf Coast region, primarily located in Texas and Louisiana; its operations focus on upstream activities including acquisition, drilling, and production from conventional reservoirs. Founded in 2004 and headquartered in Dallas, Texas, Ignis Petroleum Group, Inc. was formerly known as Sheer Ventures, Inc., changing its name in July 2005; it maintains a lean organization with approximately two employees and trades on the OTC Markets. The company generates revenue from crude oil and natural gas sales, with trailing twelve-month figures showing $2.10 million in revenue and a net loss of $1.30 million. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported for Ignis Petroleum Group, Inc. in the last one to two years.