HOUSTON, Dec. 18, 2008 (GLOBE NEWSWIRE) -- Index Oil and Gas Inc. (OTCBB:IXOG) today announced that its Annual General Meeting held in Houston on December 9, 2008 was adjourned without achieving a quorum for the meeting and without conducting the business scheduled for the meeting.
The chairman of the meeting, Dan Murphy, announced prior to the adjournment that the meeting would be reconvened on January 27, 2009 at 10 a.m. Central Standard Time at the same venue, Houston Marriot (West Loop by the Galleria), 1750 West Loop South, Houston, Texas 77027.
As allowed by Nevada Revised statutes the Company will not be issuing any further notice or proxy documentation in relation to the reconvened meeting. Existing votes received for the original meeting will carry forward, or as they are revised in the interim, and all stockholders that have not yet voted are strongly encouraged to do so, to enable the business of the meeting to be conducted.
Mr. Murphy stated, "The Company has a significant number of stockholders located outside of the U.S. and we recognize that this presents certain difficulties in terms of voting stock, either by proxy or in person, but the need to adjourn and reconvene the meeting has placed additional costs on the Company. We ask all our stockholders who have not yet voted their stock to do so now in support of the company." Stock that is not held by stockholders on the company registered list of stockholders must vote through their representative broker or bank. If stockholders have not received the proxy statement and ballot, they need to contact their bank or broker to obtain the necessary documents and proxy card (voting ballot).
The proxy statement information, which includes general voting information, is available at the Company's website, www.indexoil.com, and the SEC website, at www.sec.gov.
About Index Oil and Gas:
Index Oil and Gas Inc. (OTCBB:IXOG) is an oil and gas exploration and production company with activities primarily in Texas, Louisiana and Kansas and offices in Houston. Its goal is to generate increasing reserves and cash flow from a portfolio of moderate and higher risk potential prospects in the United States. For more information about Index Oil and Gas, visit the Company's web site at http://www.indexoil.com.
The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This release may also contain other "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. Because the information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
For a description of risks and other factors that may affect the Company's results of operations and financial performance, see the Company's reports filed with the Securities and Exchange Commission, including the Company's annual report on Forms 10-K and 10-K/A for the fiscal year ended March 31, 2008 and the Company's quarterly reports on Forms 10-Q, copies of which may be obtained from the SEC's website at http://www.sec.gov.