U.S.
        SECURITIES AND EXCHANGE COMMISSION
 Washington,
        D.C. 20549
 
 FORM
        10-QSB
 
 (Mark
        One)
 x
              QUARTERLY
                  REPORT UNDER SECTION 13 OR 15(d) OF THESECURITIES
                  EXCHANGE ACT OF 1934
 
 For
        the
        quarterly period ended September 30, 2005
 
 OR
 
  ̈
              TRANSITION
                  REPORT UNDER SECTION 13 OR 15(d) OF THESECURITIES
                  EXCHANGE ACT OF 1934
 
 For
        the
        transition period from _____ to ______
 
 Commission
        file number 000-50929
 
 
 Ignis
                  Petroleum Group, Inc.(Exact
                  name of small business issuer as specified in its
                  charter)
 
 Nevada(State
                  or other jurisdiction of incorporation or
                  organization)
 
 16-1728419(IRS
                  Employer Identification No.)
  100
                  Crescent Court 7thFloor Dallas, Texas 75201(Address
                  of principal executive offices)
 
 214-459-8188(Issuer's
                  telephone number)
 
 
 Check
        whether the issuer (1) filed all reports required to be filed by Section
        13 or
        15(d) of the Exchange Act during the past 12 months (or for such shorter
        period
        that the registrant was required to file such reports), and (2) has been
        subject
        to such filing requirements for the past 90 days.
 
 Yes x No  ̈
 
 State
        the
        number of shares outstanding of each of the issuer's classes of common equity,
        as of the latest practicable date. As of November 4, 2005, the registrant
        had
        issued and outstanding 47,990,000 shares of
        common stock.
 
 Transitional
        Small Business Disclosure Format (check one);
 
 Yes  ̈ No x
  
  1
  Page
                  No.PART
                  I - FINANCIAL INFORMATIONItem
                  1.  Financial StatementsINDEX
                  TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSCondensed
                  Consolidated Balance Sheet at September 30,
                  2005(unaudited)
              3Condensed
                  Consolidated Statement of Operations for the
                  Three Months ended September 30, 2005 (unaudited)
              4Condensed
                  Consolidated Statement of Cash Flows for the
                  Three Months ended September 30, 2005 (unaudited)
              5Selected
                  Notes to the Condensed Consolidated
                  Financial Statements (unaudited)
              6Item
                  2.  Management's Discussion and Analysis or Plan
                  of Operation
              9Item
                  3.  Controls and Procedures
              10PART
                  II - OTHER INFORMATIONItem
                  6.  Exhibits.
              11SIGNATURES
              12
  2
 *Index*




Ignis
        Petroleum Group, Inc. and Subsidiary
 Condensed
        Consolidated Balance Sheet
 September
        30, 2005
 
 ASSETSCurrent
                  assets:Cash
                  and cash equivalents
              
              $
              187,008Prepaid
                  expenses and other current assets
              
              
              1,066Total
                  current assets
              
              
              188,074Property
                  and equipment:Oil
                  and gas properties, successful efforts method
              
              
              3,707,522Other
                  assets
              
              
              3,3603,360Total
                  assets
              
              $
              3,898,956LIABILITIES
                  AND STOCKHOLDERS' EQUITYCurrent
                  liabilities:Accounts
                  payable and accrued expenses
              
              $
              49,697Due
                  to related party
              
              
              28,721Total
                  current liabilities
              
              
              78,418Commitments
                  and contingencies
              
              
              -Stockholders'
                  equity:Common
                  shares, $0.001 par value, 75,000,000 shares authorized 47,990,000
                  issued
                  and outstanding
              
              
              47,990Additional
                  paid-in capital
              
              
              4,954,012Accumulated
                  deficit
              
              
              (1,181,464
              )Total
                  stockholders' equity
              
              
              3,820,538Total
                  liabilities and stockholders' equity
              
              $
              3,898,956
 
 The
        accompanying notes are an integral part of these condensed consolidated
        financial statements
  3
 *Index*
  Ignis
        Petroleum Group, Inc. and Subsidiary
 Condensed
        Consolidated Statement of Operations
 
 For
                  the Three
                Months
                  Ended
                September
                  30, 2005Total
                  revenues
              
              $
              -Operating
                  expenses:General
                  and administrative expenses
              
              
              861,858Total
                  operating expenses
              
              
              861,858Other
                  income (expense)Interest
                  expense
              
              
              (27,617
              )Net
                  loss
              
              $
              (889,475
              )Basic
                  and diluted loss per common share
              
              $
              (0.02
              )Weighted
                  average number of common shares outstanding and proforma
              
              
              43,315,652
 
 The
        accompanying notes are an integral part of these condensed consolidated
        financial statements
  4
 *Index*
  Ignis
        Petroleum Group, Inc. and Subsidiary
 Condensed
        Consolidated Statement of Cash Flows
 
 For
                  the Three
                Months
                  Ended
                September
                  30, 2005Net
                  loss
              
              $
              (889,475
              )Adjustments
                  to net loss not affecting cash:Stock
                  issued for compensation
              
              
              579,000Changes
                  in assets and liabilitiesPrepaid
                  expenses and other current assets
              
              
              19,000Accounts
                  payable and accrued expenses
              
              
              (1,069,719
              )Cash
                  provided by (used in) operating activities
              
              
              (1,361,194
              )Investing
                  activitiesPurchase
                  of oil and gas properties
              
              
              (54,993
              )Cash
                  used for investing activities
              
              
              (54,993
              )Financing
                  activitiesIssuance
                  of common stock and warrants
              
              
              1,450,000Advance
                  from related party
              
              
              8,131Cash
                  provided by financing activities
              
              
              1,458,131Net
                  increase in cash
              
              
              41,944Cash
                  at beginning of period
              
              
              145,064Cash
                  at end of period
              
              $
              187,008Supplemental
                  disclosure of cash flow information:Cash
                  paid during the period for:Interest
              
              $
              -Income
                  taxes
              
              $
              -Supplemental
                  non-cash financing transactions:Conversion
                  of notes payable and interest into equity
              
              $
              1,550,302Issuance
                  of common stock for oil and gas property
              
              $
              1,028,000
 
 The
        accompanying notes are an integral part of these condensed consolidated
        financial statements
 
 5
 *Index*


IGNIS
      PETROLEUM GROUP, INC.


SELECTED
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


September
      30, 2005








Note
      1


Basis
      of
      Presentation





The
      accompanying unaudited financial statements have been prepared in accordance
      with accounting principles generally accepted in the United States of America
      for interim financial information and with the instructions of Form 10-QSB
      and
      Item 310 of Regulation S-B. Accordingly, they do not include all of the
      information and footnotes required by accounting principles generally accepted
      in the United States of America for complete financial statements. The
      preparation requires management to make estimates and assumptions that affect
      the reported amounts of assets and liabilities and the disclosure of contingent
      assets and liabilities at the date of the financial statements and the reported
      amount of revenues and expenses during the reporting period. Actual results
      may
      differ from these estimates. In the opinion of management, all adjustments
      (consisting of normal recurring accruals) considered necessary for a fair
      presentation have been included. Operating results for the three month period
      ended September 30, 2005 are not necessarily indicative of the results that
      may
      be expected for the year ending June 30, 2006.





For
      further information, refer to the financial statements and footnotes thereto
      included in the Company's annual report on Form 10-KSB for the period December
      9, 2004 (inception) to June 30, 2005 as filed with the Securities and Exchange
      Commission.








Note
      2


Nature
      of
      Operations





Ignis Petroleum
      Group, Inc., formerly Sheer Ventures, Inc., was incorporated in the State
      of Nevada on April 30, 2004. Ignis Petroleum Corporation, our wholly-owned
      subsidiary, was incorporated in the State of Nevada on December 9, 2004. Ignis
      Petroleum Group, Inc. and the stockholders of Ignis Petroleum Corporation
      consummated a transaction accounted for as a reverse merger on May 16, 2005.




We
      own a
      75% working interest, which is equal to a fifty-two and five tenths percent
      (52.5%) net revenue interest in two oil, gas and mineral leases in Louisiana
      and
      Alabama, respectively. We also hold a 25% working interest, which we purchased
      in exchange for carrying 35% of the cost to drill and test the
      well, in a property located in Chambers County, Texas through a
      participation agreement with an industry partner.





As
      of and
      for the period December 9, 2004 (inception) to June 30, 2005 we were a
      development stage company as defined by Statement of Financial Accounting
      Standard (“SFAS”) No. 7. Subsequent to September 30, 2005, we commenced
      revenue-generating oil and gas production and have proved oil and gas reserves
      in a property located in Chambers County, Texas.








Note
      3


Acquisition





On
      May
      16, 2005, pursuant
      to a Stock
      Exchange Agreement dated May 11, 2005, we issued 9,600,000 restricted shares
      of
      our common stock in exchange for all 1,600,000 issued and outstanding shares
      of
      common stock of Ignis Petroleum Corporation. As a result of this transaction
      Ignis Petroleum Corporation became a wholly owned subsidiary of ours. The
      completed stock exchange was accounted for as a reverse acquisition in
      accordance with Statement of Financial Accounting Standards No. 141 (“SFAS
      141”), “Business Combinations” in which we were acquired by Ignis Petroleum
      Corporation. Also on May 16, 2005, pursuant to a Stock Purchase Agreement dated
      May 11, 2005, D.B. Management Ltd., a corporation owned and controlled by Doug
      Berry, who was our president and sole director at that time, sold 11,640,000
      shares of our common stock to six individuals, including Philipp Buschmann,
      the
      sole officer and director of Ignis Petroleum Corporation, for $.10 per share
      for
      a total purchase price of $194,000.


6
 *Index*


Note
      4


Property
      and equipment





As
      of
      September 30, 2005, we have concluded that the property located in Chambers
      County, Texas contains proved oil and gas reserves.





Property
      and equipment consisted of the following at September 30, 2005:





Oil
                and gas properties:Proved
            
            $
            1,124,529Unproved
            
            
            2,582,993$
            3,707,522





On
      September 1, 2005, Ignis Petroleum Corporation entered into a letter agreement
      with Argyle Energy, Inc. and Bayou City Exploration, Inc. (f/k/a Blue Ridge
      Energy, Inc.) wherein it was agreed that the deadline for Ignis Petroleum
      Corporation to spud the initial well on the North Wright Prospect Area would
      be
      extended from September 30, 2005 until March 31, 2006. On September 29, 2005,
      Ignis Petroleum Corporation entered into a letter agreement with Argyle and
      Bayou City Exploration wherein it was agreed that the deadline for Ignis
      Petroleum Corporation to spud the initial well on the Barnett Crossroads
      Prospect Area would be extended from September 30, 2005 until March 31, 2006.
      As
      part of the two letter agreements described above in this paragraph, we agreed
      that Bayou City Exploration’s right to collect a management fee from us of
      $10,000 per month per well for engineering services related to permitting and
      planning of the wells per the operating agreements arose effective September
      1,
      2005.








Note
      5


Income
      Taxes





Potential
      benefits of income tax losses are not recognized in the accounts until
      realization is more likely than not. We have incurred net operating losses
      of
      approximately $1,180,000. Pursuant to SFAS No. 109 we are required to compute
      tax asset benefits for net operating losses carried forward. Potential benefit
      of net operating losses have not been recognized in these financial statements
      because we cannot be assured it is more likely than not we will utilize the
      net
      operating losses carried forward in future years.





The
      components of the net deferred tax asset at September 30, 2005, and the
      statutory tax rate, the effective tax rate and the elected amount of the
      valuation allowance are indicated below:








Net
                Operating Loss
            
            $
            1,180,000Statutory
                Tax Rate
            
            
            34%Deferred
                tax asset
            
            $
            $401,200Valuation
                allowance
            
            $
            (401,200)Net
                Deferred Tax Asset
            
            $
            -





Note
      6


Stockholders’
      Equity





On
      April
      22, 2005, we acquired a working interest in two oil, gas and mineral leases
      in
      Louisiana and Alabama, respectively, for an aggregate of $1,500,000. We financed
      the acquisitions with one year 8% convertible promissory notes. These notes
      were
      convertible into our common stock at a price of $.50 per share. The notes could
      have been converted into our common stock in whole or part anytime after August
      15, 2005. On September 22, 2005, all principal and accrued interest on such
      notes were converted into 3,100,000 shares of our common stock. The shares
      were
      issued without registration under the Securities Act of 1933, as amended, in
      reliance on the exemption provided by Regulation S as an offer and sale that
      occurred outside the United States and/or Rule 506 and/or Section 4(2) of the
      Securities Act as a transaction by an issuer not involving a public
      offering.  No underwriters were used. In the event we did not commence
      actual drilling operations on or before September 30, 2005 we were to deliver
      assignments of the acquired interest back to the seller with no further force
      or
      effect on either party. This deadline was extended until March 31, 2006 in
      exchange for 400,000 shares of our common stock. The shares were issued without
      registration under the Securities Act of 1933, as amended, in reliance on the
      exemption provided by Regulation S as an offer and sale that occurred outside
      the United States and/or Rule 506 and/or Section 4(2) of the Securities Act
      as a
      transaction by an issuer not involving a public offering.  No underwriters
      were used. This common stock issuance was valued at $1,028,000 or $2.57 per
      share, which was the market value of our common stock on September 30,
      2005.


7
 *Index*


On
      July
      26, 2005, we sold 3,000,000 units to Petrofinanz GMBH, a private investment
      group in the Marshall Islands, for $0.50 per unit for an aggregate purchase
      price of $1,500,000. Each unit consisted of one share of our common stock and
      one warrant to purchase one share of our common stock for $1.50 per share until
      July 2006. The units were sold in a private sale without registration under
      the
      Securities Act of 1933, as amended, in reliance on the exception provided by
      Regulation S as an offer and sale that occurred outside the United States and/or
      Rule 506 and/or Section 4(2) of the Securities Act as a transaction by an issuer
      not involving a public offering. A total of $1,200,000 of the purchase price
      was
      received and was directly used to fund the drilling of a single well in which
      we
      own a 25% working interest in a prospect located in Chambers County, Texas
      through a participation agreement. The remaining $300,000 is to be used for
      working capital. As of September 30, 2005, only $1,450,000 of the commitment
      had
      been received from Petrofinanz.





On
      August
      15, 2005, we issued 240,000 shares of common stock to Douglas Berry as
      compensation for his services as one of our directors. The shares were issued
      without registration under the Securities Act of 1933, as amended, in reliance
      on the exemption provided by Rule 506 and/or Section 4(2) of the Securities
      Act
      as a transaction by an issuer not involving a public offering.  No
      underwriters were used. These shares were valued at $372,000 or $1.55 per share,
      the fair market value of the common stock at the date of grant.





On
      August
      25, 2005, we issued 150,000 shares of common stock to our chief executive
      officer Mchael Piazza for compensation as provided in his employment agreement.
      The shares were issued without registration under the Securities Act in reliance
      on the exemption provided by Rule 506 and/or Section 4(2) of the Securities
      Act
      of 1933, as amended, as a transaction by an issuer not involving a public
      offering. No underwriters were used. These shares were valued at $207,000 or
      $1.38 per share, the fair market value of the common stock at the date such
      shares were earned under the terms of Mr. Piazza’s employment
      agreement.








Note
      7


Related
      Party Transactions





At
      September 30, 2005, our chief operating officer, Mr. Philipp Buschmann, was
      due
      $13,000 in the form of unpaid salary and expense account reimbursement. This
      amount is unsecured, non-interest bearing and was paid in October
      2005.





At
      September 30, 2005, our chief executive officer, Mr. Michael Piazza, was due
      $14,643 in the form of unpaid salary and expense account reimbursement. This
      amount is unsecured, non-interest bearing and was paid in October
      2005.








Note
      8


Subsequent
      Events




We
      have
      signed a letter of intent with an industry partner to purchase a 17.5% working
      interest in the Ginger Quill prospect located in Chambers
      County, Texas .
      The
      prospect is estimated by the partner to hold oil and gas reserves in excess
      of
      8.5 billion cubic feet of gas equivalent.




We
      have
      also signed a letter of intent with an industry partner to purchase a 25%
      working interest in a prospect located in Iberville Parish, Louisiana. The
      prospect is estimated by the partner to hold oil and gas reserves in excess
      of
      30 billion cubic feet of gas equivalent. According
      to the letter of intent, we will participate in the drilling of the initial
      test
      well sufficient to test various shallow Miocene Sands as well as the deeper
      Oligocene Cibicides Hazzardi Sands. In exchange for paying twenty-five percent
      (25%) of the test well costs and lease bonus, rental and geological and
      geophysical costs already expended, we will receive a twenty-five percent
      (25%) working interest in the test well before payout of the test well and
      a
      twenty percent (20%) working interest after payout of the test well or as of
      the
      commencement of drilling of any subsequent well on the leases. We
      plan
      to enter into a mutually acceptable Participation Agreement and Operating
      Agreement, naming the partner as Operator, before the end of the year. Drilling
      of the test well is expected to begin before the end of March 2006.




8
 *Index*




ITEM
      2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
      OPERATION.





Forward-looking
      Statement and Information





We
      are
      including the following cautionary statement in this Form 10-QSB for any
      forward-looking statements made by, or on behalf of, us. Certain statements
      contained herein and other materials we file with the Securities and Exchange
      Commission are forward-looking statements within the meaning of Section 27A
      of
      the Securities Act of 1933, as amended and Section 21E of the Securities Act
      of
      1934, as amended and, accordingly, involve risks and uncertainties which could
      cause actual results or outcomes to differ materially from those expressed
      in
      the forward-looking statements. Forward-looking statements include statements
      concerning plans, objectives, goals, strategies, expectations, future events
      or
      performance and underlying assumptions and other statements which are other
      than
      statements of historical facts. Forward looking statements are accompanied
      by
      words such as “may”, “will”, “could”, “should”, “anticipate”, “believe”,
“budgeted”, “expect”, “intend”, “plan”, “project”, “potential”, “estimate”, or
“future” or variations thereof or similar statements. Our expectations, beliefs
      and projections are expressed in good faith and are believed by us to have
      a
      reasonable basis, including without limitation, management's examination of
      historical operating trends, data contained in our records and other data
      available from third parties, but we cannot assure you that management's
      expectations, beliefs or projections will result or be achieved or accomplished.





Introduction





For
      the
      period December 9, 2004 (inception) to June 30, 2005, our auditors, in Note
      2 of
      the Financial Statements, have noted that there is substantial doubt about
      our
      ability to continue as a going concern. Our existence is dependent upon
      management funding operations and raising sufficient capital. At this point
      in
      time it is impossible to state an amount of additional funding which we believe
      would remove the going concern opinion.





We
      do not
      have any historical business operations. We have neither a history of earnings
      nor have we paid dividends. We are unlikely to realize earnings or pay dividends
      in the immediate or foreseeable future.








THREE
      MONTHS ENDED SEPTEMBER 30, 2005





We
      did
      not earn any revenues during the three months ended September 30, 2005.





We
      incurred operating expenses in the amount of $861,858 for the three months
      ended
      September 30, 2005. These operating expenses were mainly comprised of payroll
      expenditures of $280,562 (of which $207,000 was a non-cash issuance of our
      common stock), professional fees of $482,458 (of which $372,000 was a non-cash
      issuance of our common stock), advertising of $64,300, rent expense of $7,927,
      travel expenses of $10,007, and other office and related expenses of
      $16,605.





We
      incurred interest expense of $27,617.








PLAN
      OF
      OPERATION





Through
      September 30, 2005, we had not earned any revenues. We had working capital
      of
      $109,656 as of September 30, 2005.





For
      the
      next twelve months we plan to issue and sell debt or equity securities to cover
      our operating expenses until our oil and gas properties are able to generate
      sufficient revenues to fund our operations.








LIQUIDITY
      AND CAPITAL RESOURCES





At
      September 30, 2005, we had cash of $187,008. At September 30, 2005, we had
      working capital of $109,656.





Net
      cash
      used in operating activities was $1,361,194 for the three months ended September
      30, 2005. The primary use of cash from operations was payment of a $1,124,529
      payable to Kerr-McGee for drilling a well in which we own a 25%
      working interest in a Texas oil lease and for operations.





Net
      cash
      used in investing activities was $54,993 for the three months ended September
      30, 2005.




9
 *Index*




Net
      cash
      provided by financing activities was $1,458,131 for the three months ended
      September 30, 2005. In July 2005, we sold 3,000,000 units consisting of one
      share of our common stock and one warrant to purchase one share of our common
      stock for $1.50 per share until July 2006, to Petrofinanz GMBH, a private
      investment group in the Marshall Islands, for $0.50 per unit for an aggregate
      purchase price of $1,500,000. Through September 30, 2005, we
      had received $1,450,000.




Our
      present intentions are to sell debt or equity securities to cover our operating
      expenses. Subsequent to September 30, 2005 we began production at the prospect
      located in Chambers County, Texas and expect to have cash flow from this
      prospect in the quarter ending December 31, 2005.








CRITICAL
      ACCOUNTING POLICIES





Our
      accounting policies are described in Note 2 of the Notes to the Financial
      Statements for the year ended June 30, 2005, which were included in our Form
      10-KSB as filed with the Securities and Exchange Commission. As discussed in
      Note 2, the preparation of financial statements in conformity with accounting
      principles generally accepted in the United States requires management to make
      estimates and assumptions about future events that affect the amounts reported
      in the financial statements and accompanying notes. Future events and their
      effects cannot be determined with absolute certainty. Therefore, the
      determination of estimates requires the exercise of judgment. Actual results
      inevitably will differ from those estimates, and such difference may be material
      to our financial statements. We believe that the following discussion addresses
      our Critical Accounting Policies.





Property
      and equipment - We use the “successful efforts” method to account for our oil
      and gas activities. Under this method, costs are accumulated on a field-by-field
      basis with certain exploratory expenditures and exploratory dry holes being
      expensed as incurred. Costs of productive wells and development dry holes are
      capitalized and amortized on the unit-of-production method for each field.
      Other
      exploration costs, including geological and geophysical costs are charged to
      expense when incurred.





Acquisition
      costs of proved properties are amortized using a unit-of-production method,
      computed on the basis of total proved oil and gas reserves. Significant unproved
      properties are assessed for impairment individually and valuation allowances
      against the capitalized costs are recorded based on the estimated economic
      chance of success and the length of time that we expect to hold the properties.
      The valuation allowances are reviewed at least annually.





Production
      costs are expensed as incurred.





Proved
      oil and gas properties held and used by us are reviewed for impairment whenever
      events or changes in circumstances indicate that the carrying amounts may not
      be
      recoverable.





Environmental
      Costs.- Liabilities for environmental costs are recorded when it is probable
      that obligations have been incurred and the amounts can be reasonably estimated.
      These liabilities are not reduced by possible recoveries from third parties,
      and
      projected cash expenditures are not discounted. There is no contingent
      liability.





Accounting
      for Contingencies - We accrue for contingencies in accordance with Statement
      of
      Accounting Standards ("SFAS") No. 5, "Accounting for Contingencies," when it
      is
      probable that a liability or loss has been incurred and the amount can be
      reasonably estimated. Contingencies by their nature relate to uncertainties
      that
      require our exercise of judgment both in assessing whether or not a liability
      or
      loss has been incurred and estimating the amount of probable loss.





We
      account for income taxes in accordance with SFAS No.109. Since we are in the
      development stage our deferred tax assets are not expected to be utilized in
      the
      future. We have provided a full valuation allowance against the
      assets.







ITEM
      3.  CONTROLS AND PROCEDURES.




We
      have
      evaluated the effectiveness of the design and operation of our disclosure
      controls and procedures as of September 30, 2005. Such evaluation was conducted
      under the supervision and with the participation of our Chief Executive Officer
      and our Chief Financial Officer. Based upon such evaluation, our CEO and CFO
      have concluded that, as of the evaluation date, our disclosure controls and
      procedures were effective. There have been no significant changes in our
      internal controls over financial reporting that occurred during our most recent
      fiscal quarter, that have materially affected, or are reasonably likely to
      materially affect, our internal controls over financial reporting.




10
 *Index*


PART
      II -
      OTHER INFORMATION





ITEM
      6.  EXHIBITS.





The
      following are exhibits to this report:





Number
            
            Description**10.1
            
            Letter
                Agreement, dated September 29, 2005, by and among Argyle Energy,
                Inc.,
                Ignis Petroleum Corporation and Bayou City Exploration, Inc. (f/k/a
                Blue
                Ridge Energy, Inc.) regarding Barnett Crossroads Prospect Area, Escambia
                County, Alabama**10.2
            
            Letter
                Agreement, dated September 1, 2005, by and among Argyle Energy, Inc.,
                Ignis Petroleum Corporation and Bayou City Exploration, Inc. (f/k/a
                Blue
                Ridge Energy, Inc.) regarding North Wright Prospect Area, Acadia
                Parish,
                Louisiana**10.3
            
            Letter
                Agreement, dated September 22, 2005, by and among Ignis Petroleum
                Group,
                Inc., Newton Properties, Inc. and Ignis Petroleum Corporation regarding
                $375,000 convertible note**10.4
            
            Letter
                Agreement, dated September 22, 2005, by and among Ignis Petroleum
                Group,
                Inc., Newton Properties, Inc. and Ignis Petroleum Corporation regarding
                $1,125,000 convertible note**10.5
            
            Letter
                Agreement, dated September 30, 2005, by and among Ignis Petroleum
                Group,
                Inc., Newton Properties, Inc. and Ignis Petroleum Corporation regarding
                Barnett Crossroads Prospect, Escambia County, Alabama**10.6
            
            Letter
                Agreement, dated September 30, 2005, by and among Ignis Petroleum
                Group,
                Inc., Newton Properties, Inc. and Ignis Petroleum Corporation regarding
                North Wright Prospect, Acadia Parish, Louisiana**10.7+
            
            Letter
                Agreement, dated September 22, 2005, by and among Ignis Petroleum
                Group,
                Inc., Ignis Petroleum Corporation and Michael P. Piazza**10.8+
            
            Letter
                Agreement, dated August 8, 2005, by and between Ignis Petroleum Group,
                Inc. and Alexander A. Kulpecz**10.9+
            
            Letter
                Agreement, dated August 17, 2005, by and between Ignis Petroleum
                Group,
                Inc. and Frederick C. Stein**10.10+
            
            Letter
                Agreement, dated August 17, 2005, by and between Ignis Petroleum
                Group,
                Inc. and Joseph Gittelman*31.1
            
            Rule
                13a-14(a) Certification of Chief Executive Officer*31.2
            
            Rule
                13a-14(a) Certification of Chief Financial Officer*32.1
            
            Section
                1350 Certification of Chief Executive Officer*32.2
            
            Section
                1350 Certification of Chief Financial
                Officer


______________


*Filed
      herewith


** filed
      as
      an Exhibit to our Form 8-K filed October 11, 2005 and incorporated herein by
      reference


+Identifies
      management
      contracts and compensatory plans or arrangements.


11
 *Index*





SIGNATURES





In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly
      authorized.








Ignis
                Petroleum Group, Inc. (Registrant)Date:
                November 14, 2005
            By:
                /s/ Michael PiazzaMichael
                Piazza,President,
                Chief Executive Officer and
                Treasurer




12