Scandinavian Oil-Gas Magazine

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Index commences drilling operations in Kansas

Index Oil and Gas, Inc. today issued an update on its operations in Kansas.

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Index Oil and Gas announces participation in Cow Trap, Texas-Spotlight

Index Oil and Gas, Inc. today issued an update on its operations in Kansas.

Index has recently signed 14 well AFE's (Authorizations for Expenditure) for low-risk oil prospects in Stafford and Barton counties, Kansas. The first well, Fischer #2-3, has now spudded. A rate of two wells per month is anticipated.

The final number of wells to be drilled in the program is dependent upon oil price and results of the early wells to be drilled.

Lyndon West, CEO, commented, "The Kansas project was entered into between 2003 (Seward) and early 2006 (Barton) and makes up part of the Company's low-risk and low-cost section of the portfolio."