Index Oil and Gas, Inc. (OTC BB:IXOG.OB - News) (``Index'' or the ``Company'') today announced an Operations Summary for fiscal year ended 31 March 2007 and an Operations Outlook for fiscal year ending 31 March 2008.
More information is provided on the Company website, http://www.indexoil.com, which has been updated today to include an investor presentation.
OUTLOOK FOR FISCAL YEAR ENDING 31 MARCH 2008
Highlights
-- Robust Five Well High Impact Portfolio To Be Drilled/Completed.
-- One Low Risk Production Well
-- Current Drilling Program Fully Funded
-- Recent Discoveries Expected To Come On Line
Index has entered the most exciting phase of its development to date, following the drilling and/or completion of 13 wells in the fiscal year ended 31 March 2007, with a success rate of 69% (details of which are given in the next section).
The Company has now embarked upon drilling the higher impact portfolio that can build upon the cashflow anticipated to be generated from successful wells drilled during fiscal year 2007. These wells, in the event of success, have the potential to significantly grow the Company as a result of higher reserves, production and revenue.
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