UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~July~~August 26 30, 2005

Date of Report (Date of earliest event reported)

IGNIS PETROLEUM GROUP, INC.

(Name of small business issuer in its charter)

Sheer Ventures, Inc.

NEVADA	16-1728419
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

(Former name of small business issuer)

NEVADA	16-1728419
(State or other jurisdiction of	(IRS Employer Identification No.)
incorporation or organization)

100 Crescent Court, 7^th Floor

Dallas, Texas 75201

(Address of principal executive offices)

(214) ~~459~~ 550-~~8188~~1670

(Issuer’s telephone number)

475 Howe Street, Suite 1030

Vancouver, British Columbia

Canada V6C 2B3

(Former address of principal executive offices)

(604) 683-5061

(Issuer’s former telephone number)

ITEM 35.02 ~~Unregistered~~Departures ~~Sales~~of Directors or Principal Officers; Election of ~~Equity~~Directors; ~~Securities~~Appointment of Principal Officers.

OnEffective ~~July 26~~ August 30, 2005, ~~we sold 3,000,000 units to Petrofinancz GMBH, a private investment group in~~ the ~~Marshall~~Board ~~Islands (“Petrofinanz”), for $0.50 per unit and a total cash consideration~~ of ~~$1,500,000~~Directors ~~in a private sale~~ of ~~securities~~Ignis ~~exempt~~Petroleum ~~from registration under Regulation S of the Securities Act of 1933~~Group, asInc. ~~amended~~ (the “~~Securities Act~~Company”). Toappointed ~~date,~~Geoffrey aLowndes ~~total~~Evett ofas ~~$1,200,000~~a ofDirector ~~the purchase price has been received, with the remaining $300,000~~ to ~~be paid by September 30, 2005. Each unit consisted of one share of our common stock and one warrant to purchase our common stock at $1.50 per share until July 2005. A copy of~~ the ~~press release~~ ~~related to this financing is attached hereto as Exhibit 99~~ Company.1.

Mr. Evett is a former banker with 33 years of experience. During the past five years, Mr. Evett has acted as a finance consultant to a major property development in the Czech Republic. He has also been involved with the development of a mixed commercial development in Prague. Mr. Evett serves as Chairman of Themis MN Fund Limited, a hedge fund listed on the Dublin Stock Exchange and serves as a partner in Capital Management Solution, a fund management company. He is also an agent for Banque SCS Alliance, a Swiss bank based in Geneva.

A copy of the press released related to this matter is attached hereto as Exhibit 99.1

ITEM 9.01

Financial Statements and Exhibits.

(c)

Exhibits.

Exhibit 99.1 Press release dated ~~July~~August 2731, 2005

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		IGNIS PETROLEUM GROUP, INC.
Date: July 29, 2005
Date: August 31, 2005
	By:	/s/ Michael P. Piazza
		Michael P. Piazza
		President, Chief Executive Officer and Director

Filing Compare · Ignis Petroleum Group, Inc.