Index Oil and Gas, Inc. engages in the acquisition, exploration, appraisal, development, production, and sale of oil and gas properties, primarily in the prolific petroleum regions of Kansas and the onshore Gulf Coast, mainly in Texas and Louisiana. As of March 31, 2008, the company’s estimated total proved oil and gas reserves were approximately 219.469 thousands of barrels of oil equivalent. Index Oil and Gas was founded in 2003 and has offices in Houston, Texas and Bath, England.

Index is focused on working with partners to efficiently build a broad portfolio of producing properties, whose risk characteristics are carefully analyzed and managed. Because of careful risk management, the company has an enviable drilling record with excellent upside potential. The management team is particularly strong, drawing on worldwide and local area experience. Index intends to grow its existing asset base and revenues through further selective investment in the low political-risk environment of the U.S., spreading risk across its portfolio to develop a mix of low-risk and higher potential assets and prospects, appropriate to resources.

Index sees this portfolio approach as essential to the relatively safe creation of value and necessary to retain a high potential upside for investors. This approach limits the exposure of the company and its stockholders to volatile social and political events. Management will also pursue appropriate opportunities to acquire or merge with businesses that share Index’s risk-balanced approach to drilling opportunities and whose assets will enhance the company’s growth and shareholder value.

The company believes that its key strength is its access to strong off-market deals where participation in projects results from existing relationships with its operating partners. This asset results from a strong and experienced management. Index’s highly experienced management team screens these deals and selects quality projects with the best chance of adding meaningful reserves to the portfolio.

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