CybeRelease: Tri-State Capital Starts Coverage on (OTC: IXOG)

(CybeRelease, July 23, 2007) - Lake Harmony, Pa. -Index Oil and Gas Inc (OTC BB: IXOG) announced that a leading research firm, TRI-STATE Capital (TSC), has initiated coverage of Index’s stock.

TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view all of their independent research reports, including Index please click on the attached URL: http://www.otclive.com.

Lyndon West, CEO of Index stated, ``Index is pleased to have a leading independent research firm review our overall operations, progress and initiate the resulting coverage in our stock.’’

Any research reports on the Company and resulting initiation of coverage and/or changes in rating have been independently prepared, published and rendered by TSC without any compensation being paid by the Company or commissioned on its behalf, and are believed to have been prepared from publicly available information. The Company’s management has not provided any information to, or had any interaction with, TSC and the publisher(s) of its research reports.

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., visit their website at http://www.indexoil.com.

To read the complete release, go to http://biz.yahoo.com/pz/070723/123400.html

CybeRelease Gainers are Arrow International, Inc. (Nasdaq: ARRO), ev3 Inc. (Nasdaq: EVVV), SiRF Technology Holdings, Inc. (Nasdaq: SIRF), Local.com Corporation (Nasdaq: LOCM), Immersion Corporation (Nasdaq: IMMR), Gentex Corporation (Nasdaq: GNTX) and Synchronoss Technologies, Inc. (Nasdaq: SNCR).

CybeRelease Decliners are LifePoint Hospitals, Inc. (Nasdaq: LPNT), NUCRYST Pharmaceuticals Corp. (Nasdaq: NCST), Netflix, Inc. (Nasdaq: NFLX), Force Protection, Inc. (Nasdaq: FRPT), Expedia, Inc. (Nasdaq: EXPE), ClickSoftware Technologies Ltd. (Nasdaq: CKSW) and InterMune, Inc. (Nasdaq: ITMN).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $550.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.

Contact Information

C. P. Barry

Media Contact

CybeRelease.com

Contact via E-mail