Index Oil and Gas is a recently established oil and gas exploration and production company with producing properties in Texas, Louisiana, and Kansas. Dutton Associates estimates indicate substantially higher oil and gas revenues during the Company's fiscal year ending March 31, 2008, followed by substantial growth of discretionary cash flow in subsequent years. The Company has a successful drilling track record and is guided by a carefully crafted operational strategy with a sophisticated risk-management system. Our rating is based on our confidence in the Company's business plan and in the strength of the experienced management team, coupled with an expectation of strong cash-flow growth and an industry outlook calling for favorable crude-oil and natural-gas product markets. We are maintaining the 12-month price target of $1.80 per share established in our initial report of April 9, 2007. As of March 31, 2007, estimated total proved oil and gas reserves were approximately 115,000 barrels ...

Contact Information

10000 Memorial Drive
Suite 440
Houston, TX 77024

tel: 713-683-0800
fax: 713-956-8855


Investor Relations



Exchange: OTCBB
Industry: Independent Oil & Gas
Market Cap: $46.7M

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