Ignis Taps Stancil to Head Exploration

Ignis Petroleum Group, Inc. on Thursday announced the appointment of Robert W. Stancil as Senior Vice President of Exploration. Mr. Stancil, 53, will be responsible for leading all exploration activity for Ignis, including identifying, evaluating and developing new business opportunities, and will serve as a member of Ignis' senior management team.

Mr. Stancil has over 30 years of experience in the oil and gas industry, most recently as Vice President of North America Exploration for Anadarko Petroleum Corporation, where he was responsible for all onshore exploration activity and portfolio management. He was also involved in corporate strategy and planning. Prior to that, Mr. Stancil held various positions within Anadarko including General Manager and Senior Vice President of Exploration & Production, Anadarko E&P USA, Inc., where he was responsible for the Eastern Gulf Coast area. Over his career, he led successful exploration efforts in active plays throughout the United States with particular focus in the Gulf Coast area. Mr. Stancil introduced new exploration concepts in mature basins throughout Anadarko's properties and executed a 52-rig exploration and development program in the East Texas Bossier, North Louisiana Lower Cotton Valley, and South Louisiana Miocene plays.

Mr. Stancil received his Bachelor of Science degree in Geology from Campbell University in North Carolina. He is a member of the American Association of Petroleum Geologists, current Vice Chairman of the Resource Evaluation Committee, Houston Geological Society, and Lafayette Geological Society. While serving on the 2002-2003 National Petroleum Council, Stancil led the unconventional resource assessment for natural gas in North America as a member of its Supply Task Group.

Michael P. Piazza, Ignis' Chief Executive Officer, said, "We are all very pleased to have Bob join the Ignis management team. This is a vital position within the Company and I expect Ignis to benefit significantly from Bob's over 30-year track record of exploration and production success and his energetic leadership."

Ignis Petroleum Group, Inc. is a Dallas-based oil and gas production company focused on exploration, acquisition and development of crude oil and natural gas reserves in the United States. The Company's management has closely aligned itself with strategic industry partnerships and is building a diversified energy portfolio. It focuses on prospects that result from new lease opportunities, new technology and new information.


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