Archive for the ‘Index Oil and Gas Inc. IXOG.OB’ Category

Index Oil and Gas Inc. (IXOG.OB) Indexed for Future Growth

Tuesday, September 2nd, 2008

Originally incorporated in the U.K. in 2003, Index Oil and Gas Inc. is an early stage oil and gas exploration and production company. Trading on the OTCBB, they have a current market capitalization of $34.32 million. The company has their head office in Houston, Texas, as well as an office in Bath, England. Their oil and gas prospects are in Texas, Louisiana, and Kansas.

In 2007, Index successfully focused on lower-risk properties to build reserves and near-term cash flow. For fiscal year 2008, Index focused on a balanced and risk-managed portfolio of prospects. The goal was to increase their reserves and production, and their efforts did pay off. Fiscal year 2008 saw the company’s revenue up 273 percent over the previous fiscal year. In addition, production was up 255 percent and reserves were up 100 percent in fiscal year 2008.

The company’s new stage of development is higher-impact wells comprising the major portion of their drilling portfolio. Index’s management goal is also to pursue opportunities to acquire or merge with businesses that share their business model of a risk-balanced approach to drilling opportunities. The company seeks to generate increasing reserves and cash flow from a portfolio of moderate and higher-risk potential prospects.

In fiscal year 2008, Index Oil and Gas drilled six out of the seven wells they planned. They currently have four producing wells. One of these is in Wharton, Texas, one is in Nacogdoches, Texas, and another is in Brazoria, Texas. Their fourth producing well is in Saint Mary Parish, Louisiana. The company has various percentages of working interest in these producing wells. Index has an interest in 23 producing wells in Kansas, as well.

The company also has further exploration plans. For fiscal year ending March 31, 2009 the company is funded to participate in explorations in Alligator Bayou, a high impact exploration prospect in Matagorda County, Texas. They plan also to participate in a West Wharton project – a low-risk, multiple prospect play, in Wharton County, Texas. The company is also planning further exploratory wells in Kansas.

Index recently announced their unaudited financial results for the first Fiscal Quarter ended June 30, 2008. Oil and gas sales revenues were $1,429,077 for the first quarter of their fiscal year 2009, compared to $151,373 for the equivalent period in the previous fiscal year. Gas production for the quarter provided 83 percent of total production, on an energy equivalent basis. Index Oil and Gas Inc. continues to explore and produce to further shareholder growth.

Let us hear your thoughts below:

Dutton Associates Featured Company: Index Oil and Gas, Inc. (IXOG.OB)

Tuesday, August 19th, 2008

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.

Let us hear your thoughts: Index Oil and Gas, Inc. Message Board

Index Oil and Gas, Inc (IXOG.OB) Announces First Gas and Condensate Sales from Shadyside, plus First Gas Sales from Hawkins

Sunday, January 13th, 2008

Index Oil and Gas, Inc (IXOG.OB) announced that the company’s Shadyside 1 well, located in Saint Mary’s Parish, Louisiana, has been connected to their sales pipeline network. As a result, this well is flowing at an initial rate of approximately 1.6 million cubic feet of gas per day. However, Index Oil seeks to increase production rates in a gradual manner during year 2008.

Furthermore, Index’s Hawkins 1 well has also been connected to their sales pipeline network. Initially, this well is flowing at a rate of approximately 0.55 million cubic feet of gas per day.

Lyndon West, CEO of Index, stated, “Shadyside is a significant well for Index, and we are pleased to report that the initial test results and flow rates to sales are very encouraging. If sustained, this will add significantly to the company’s production and revenue. The well will also add to the Company’s reserves, which will be audited at fiscal year end. The Hawkins well has also finally come on stream following some frustrating operational and weather delays in South Texas.”

Let us hear your thoughts:

Small Cap Voice Featured Client: Index Oil and Gas, Inc. (IXOG.OB)

Tuesday, November 13th, 2007

Index Oil and Gas, Inc. (IXOG.OB) is an oil & gas exploration and production company with activities in the petroleum systems of Kansas, Texas and Louisiana. The Company has offices in Houston, Texas and Bath, England. Index Oil and Gas is committed to building a broad portfolio of producing properties with the assistance of their partners.

The Company has a great drilling track record and excellent upside potential given that it is led by a strong management team with worldwide and local experience. Index Oil and Gas plans to grow its existing asset base and revenues by selecting additional investments in the low political risk environment of the U.S.

Index’s strategic approach enables the Company to spread risk across its portfolio in order to form a mix of low risk and higher potential assets and prospects. There is much potential for this company as it focuses on creating a high value portfolio while simultaneously establishing great upside potential for Investors.

Let us hear your thoughts: Index Oil and Gas, Inc. Message Board

Dutton Associates Rated Index Oil and Gas Inc. (IXOG.OB) with a “Speculative Buy”

Thursday, June 14th, 2007

Index Oil and Gas is a company based out of Houston, Texas. The recently established oil and gas exploration and production company has several producing properties in Texas, Louisiana, and Kansas. Their successful drilling track record and carefully crafted operational strategy creates a sophisticated risk-management system.

The independent research company is expecting sales to grow rapidly because of Oil Company’s experienced management team, growing prospective inventory in key basins, and favorable market sector outlook.

They believe Index Oil and Gas should turn cash-flow positive and experience rapid growth in the longer term. They concluded the research report stating a $1.80 12-month target price and “Speculative Buy” for the company.

Let us hear your thoughts below: