Ignis Petroleum Group, Inc.
OTC Bulletin Board : IGPG

August 03, 2005 08:00 ET

Ignis Petroleum Group Inc. Welcomes Oil and Gas Expert to Its Advisory Board

DALLAS--(CCNMatthews - Aug 3, 2005) -

Ignis Petroleum Group, Inc. (OTCBB:IGPG) (the "Company") is pleased to announce that Alexander A. Kulpecz has agreed to become the initial member of our Advisory Board.

Alex is highly respected in the energy sector and has over 30 years experience gained at the highest levels within some of the world's major companies. Alex began his career during the drilling boom of the 1970's with Shell Oil in their Onshore Production Division where he selected and drilled wells in the Texas, Louisiana, Mississippi, and Alabama Gulf Coast areas finding significant quantities of oil and gas.

Alex held the position of Executive VP and Director of Shell International Gas, Power and Coal, and he led the reorganization of the Company's global E&P business. As a member of the Shell International Gas & Power Executive Committee, he was responsible for almost half of Shell's global gas and power business, actively negotiating multi-billion dollar projects (LNG, corporate acquisition, pipelines) at the Presidential, PM and Energy Ministerial levels.

From 1998 to early 2000, Alex held the position of President of Azurix International and Executive Director of Azurix Corporation. He is currently President of the Omega Group, a consultancy group of senior executives providing advisory and managerial support to private equity, banking and energy clients in the oil and gas industries.

President and CEO, Michael Piazza said, "Alex is the initial member to join Ignis' advisory board as we prepare to execute our business strategy. I am extremely pleased to have Alex join us. His knowledge and experience will add greatly to the strength of our team."

About Ignis Petroleum

Ignis Petroleum Corp. is a Dallas-based oil and gas company commencing its business plan for the exploration, acquisition and development of crude oil and natural gas properties in the United States. Company management is focused on building an energy portfolio that combines low risk, high potential projects with higher yield, higher risk projects. The company focuses on prospects that result from new lease opportunities, new technology and new information. For further information visit www.ignispetro.com.

Safe Harbor for Forward-Looking Statements: This release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in oil & gas exploration, the need to obtain additional financing, the availability of needed personnel and equipment for the future exploration and development, fluctuations in gas prices, and general economic conditions.

Contact Information

  • Ignis Petroleum Group, Inc., Dallas
    Investor Relations, 877-700-1644
    website: www.ignispetro.com