OTC Bulletin Board

S & P Company Insight for INDEX OIL & GAS INC
 
 Profile

 
Business Summary: Index Oil and Gas Inc. acquires, explores for, develops, produces and sells oil and natural gas in North America. It has interests in properties in Kansas, Louisiana and Texas.
 
Address
  10000 Memorial Drive, Suite 440
  Houston , TX 77024
  Phone: 713-683-0800
  Fax: 713-956-8855
  Website: http://www.indexoil.com
Auditor
  RBSM LLP
Transfer Agent
  Continental Stock Transfer & Trust Co.
Employees:  5
ShareHolders:  194
Founded:  2004
Domicile:  Nevada
 
  
 
 Background

 
Index Oil and Gas Inc. acquires, explores for, develops, produces and sells oil and natural gas in North America. It has interests in properties in Kansas, Louisiana and Texas. The company does not operate any of its oil and natural gas properties. Index sells its oil and natural gas production to domestic purchasers through agreements primarily negotiated by the operators of its oil and natural gas properties. Proven reserves as of Mar. 31, 2009, were 87.703 MBoe (thousand barrels of oil equivalent). Production for FY 09 (Mar.) was 47.8 MBoe. The company owns producing and non-producing oil and natural gas properties in Kansas, Louisiana and Texas. For FY 09, Index participated in 7.0 gross and 0.3588 net wells, for which principal drilling and, where applicable, completion operations were concluded in the year. Of these wells, 6.0 gross and 0.265 net wells became productive. As of Mar. 31, 2009, Index owned approximately 227 net acres in Kansas. The company's production in the state is concentrated in Stafford and Barton counties. Total net production for FY 09 for all Kansas wells was approximately 2,500 barrels or 15.0 MMcfe (million cubic feet of natural gas equivalent). As of Mar. 31, 2009, Index owned approximately 17 net acres in Calcasieu and St. Mary Parishes in Louisiana. Total net production for FY 09 for 2.0 gross wells in Louisiana was approximately 47.6 MMcfe. As of Mar. 31, 2009, Index owned approximately 1,956 net acres in Texas. The company's production is in Brazoria, Matagorda, Victoria, Goliad, Wharton, Colorado, and Nacogdoches counties. Total net production for FY 09 for all Texas wells was approximately 223.9 MMcfe or 37.3 MBoe. Index Oil and Gas Inc. is headquartered in Houston, TX.
History:  INCORPORATED in Nevada Mar. 3, 2004, as Thai One On, Inc.; name changed to Index Oil and Gas Inc. Nov. 30, 2005. January 20, 2006, acquired Index Oil & Gas Ltd. (incorporated in the United Kingdom Feb. 21, 2003) for 22,615,552 Common shares and 1,092,676 warrants to purchase Common shares.
 
Subsidiaries:
Index Investments North America Inc.
Index Offshore LLC
Index Oil & Gas (USA), LLC
Index Oil & Gas Limited
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Daniel  MurphyChairman
 Lyndon  WestPresident & Chief Executive Officer
 Andrew  BoetiusSecretary & Chief Financial Officer
 Ronald A. BainChief Operating Officer

Directors
 Andrew  Boetius
 David  Jenkins
 Daniel  Murphy
 Lyndon  West
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
Oil & gas sales 2,8291,706
Operating costs 704303
Depletion, depreciation and amortization2,0941,096
Impairment charges7,003--
General and administrative expenses 2,4312,459
Loss from Operations(9,403)(2,152)
Interest income 24206
Net income(9,379)(1,946)
Share earns. basic($0.13)($0.03)
Share earns. diluted($0.13)($0.03)
 
Balance Sheet
  20092008
Assets:
Cash & equiv.3362,538
Receivables, net332976
Other curr. assets4143
Tot. curr assets7093,557
Oil & Gas Properties, net6,26312,595
Net property2226
Total assets6,99416,178
Liabilities:
Accounts payable and accrued expenses 9791,026
Asset Retirement Obligation 126--
Tot. curr. liabs.1,1051,026
Asset Retirement Obligation 1588
Com. stk. p.$0.0017271
Paid-in cap.21,95021,739
Retained earns.(16,127)(6,748)
Other comprehensive income(21)2
Total liabs.6,99416,178
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   Full Year 2,800,000
 
 
Quarterly Net Income
 
Data Not Available
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   Full Year (.13)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2009:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par10,000,000None
Common $0.001 par500,000,00071,636,019
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  03/31/2009, 194.
PRINCIPAL STOCKHOLDERS: June 30, 2009, Lyndon West owned or controlled 8.0% of the Common, and Douglas Wordsworth 5.3%.
 
Transfer Agent:  Continental Stock Transfer & Trust Co.   New York , NY
 
OTC Bulletin Board( Primary): IXOG
 
ExchangeYearHighLow
OTC Bulletin Board20080.85000.1200
OTC Bulletin Board20071.65000.4900
 
DIVIDENDS: Common $0.001 par: No cash.