HOUSTON, Sept. 24, 2007 (PRIME NEWSWIRE) -- Index Oil and Gas, Inc. (OTCBB:IXOG) ("Index") today announced that it has extended its engagement with Consulting For Strategic Growth 1 ("CFSG1") to provide strategic counseling services related to investor and public relations. CFSG1, based in New York City, specializes in introducing promising domestic and international companies to American financial markets.
Index Oil and Gas, Inc. is a dynamic gas-biased oil and gas exploration and production Company, with onshore activities primarily along the Gulf Coast of Texas and Louisiana, as well as in Kansas. The Company's goal is to generate increasing reserves and cash flow from a portfolio of moderate risk and higher potential prospects. After successfully focusing on lower risk prospects to build reserves and near term cashflow in Fiscal Year 2007 (ended March 31, 2007), Index has embarked upon a drilling program in Fiscal Year 2008 (ending March 31 2008) from a balanced, risk-managed portfolio of prospects designed to generate significantly higher reserves and production. Management expects this portfolio to create strong upside for investors without exposing the Company and its stockholders to critical events.
Lyndon West, CEO of Index, commented, "We are very pleased to extend our engagement of CFSG1. They are highly regarded for their expertise and access to capital from a broad network of public and private investors. I am delighted to have CFSG1's professional guidance and outreach as Index develops its business."
Stanley Wunderlich, CEO, CFSG1, stated, "Index Oil and Gas is an exciting young company whose balanced portfolio and success in selecting profitable gas and oil prospects makes the firm stand out among burgeoning young energy companies. In addition, its management team is particularly strong, with both international and local area experience. We are pleased to continue helping Index fulfill its notable potential."
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 www.indexoil.com.
About Consulting For Strategic Growth 1, Ltd.
CFSG1 has decades of hands-on corporate development experience combined with broad personal outreach in the private equity markets and Wall Street broker/dealer communities. CFSG1 is a leader in reverse mergers, investor and public relations and corporate development for small-cap companies and private enterprises, both domestic and international. Its portfolio includes businesses based in countries such as China, South Africa and Canada. CFSG1's strategic relationships include Rodman & Renshaw, Inc., a full-range investment bank nurturing emerging growth companies since 1951; Brookshire Securities, a leading Florida investment firm focused on the needs of small to medium sized companies; and ChineseWorldNet.com, Inc. (CWN), a worldwide financial platform catering to small- and mid-size Chinese companies and the Chinese investor community (www.CWNfn.com), among others. For more information, go to: www.cfsg1.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 we believe 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. Index Oil and Gas Inc. 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 contract, Consulting For Strategic Growth1, Ltd. ("CFSG1") provides Index Oil and Gas, Inc. ("Index," "the Company") with consulting, business advisory, investor relations, public relations and corporate development services.