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Ingis Petroleum Group, Inc. Unanimously Elect Geoffrey Lowndes Evett As Chairman Of The Board Of Directors


Ignis Petroleum Group, Inc. (OTCBB: IGPG) today announced the unanimous election of Mr. Geoffrey Lowndes Evett as Chairman of the Board of Directors. As a specialist in corporate planning and project finance, Mr. Evett brings Ignis over 30 years of international commercial banking experience. Among his achievements, Mr. Evett served as Chief Manager for Westminster Bank in London, where he dealt with international corporations’ financing and capital needs.

Mr. Evett currently serves on the Ignis Board of Directors as a non-executive director where he serves on the audit and compensation committees. He is currently actively engaged on the management board of CR-City, A. S., a Czechoslovakian property development company where he recently led a $100 million financing for a major re-development project in the city of Prague. Mr. Evett is an Associate of the British Chamber Institute of Bankers and a recently appointed trustee of the British Coronary Thrombosis Trust.

“We are pleased that Geoff has accepted this responsibility in his role as Chairman,” said Michael P. Piazza, Chief Executive Officer and President. “He will concentrate on the financing requirements of Ignis to grow the Company in line with the objectives of the highly experienced management team now in place. Geoff brings a critical financial expertise to the group that we believe will serve Ignis well as we acquire and develop additional exploration and development projects.”


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