HOUSTON, July 23, 2007 (PRIME NEWSWIRE) -- Index Oil and Gas Inc. (the "Company" or "Index") (OTCBB:IXOG) is pleased to announce that a leading research firm, TRI-STATE Capital (TSC), has initiated coverage of Index's stock.
TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view all of their independent research reports, including Index please click on the attached URL: http://www.otclive.com.
Lyndon West, CEO of Index stated, "Index is pleased to have a leading independent research firm review our overall operations, progress and initiate the resulting coverage in our stock."
Any research reports on the Company and resulting initiation of coverage and/or changes in rating have been independently prepared, published and rendered by TSC without any compensation being paid by the Company or commissioned on its behalf, and are believed to have been prepared from publicly available information. The Company's management has not provided any information to, or had any interaction with, TSC and the publisher(s) of its research reports.
About Index Oil and Gas
Index is a gas-biased oil and gas exploration and production company, with activities primarily in Texas, Louisiana and Kansas. It has offices in Houston, Texas and Bath, England. Index is focused on efficiently building a broad portfolio of producing properties that it believes to have significant upside potential. The Company has an enviable drilling record and intends to grow its existing asset base and revenues through further investment in the U.S. Index seeks to develop its activities in areas containing prolific petroleum systems set in stable political and economic environments.
To find out more about Index Oil and Gas Inc. (OTCBB:IXOG), visit our website at http://www.indexoil.com.
Forward-Looking Statements:
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. The statements in this document may also contain ``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. Since 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.
Pursuant to a June 1, 2007 agreement, Consulting For Strategic Growth 1, Ltd. ("CFSG1") provides the Company with consulting, business advisory, investor relations, public relations and corporate development service, for which CFSG1 receives cash and/or stock compensation.