SOURCE: Index Oil and Gas, Inc.

October 15, 2007 15:59 ET

/ CORRECTION - Index Oil and Gas, Inc. Announces Profile Launch by Hotshotstocks.com

CHICAGO, IL--(Marketwire - October 15, 2007) - In the news release, "Index Oil and Gas, Inc. Announces Profile Launch by Hotshotstocks.com," issued earlier today by Index Oil and Gas, Inc. (OTCBB: IXOG), we are advised by the company that the contact information should include two contacts from Consulting For Strategic Growth 1 instead of one contact from Mercantile Ascendency as originally issued. The first paragraph has also been reworded to attribute the announcement to "Sharon Harkavy, Publisher of Hotshotstocks.com." Complete corrected text follows.

Index Oil and Gas Announces Profile Launch by Hotshotstocks.com

CHICAGO, IL -- October 15, 2007 -- Index Oil and Gas, Inc. (OTCBB: IXOG) -- Sharon Harkavy, Publisher of Hotshotstocks.com, today announced profile coverage of Index Oil and Gas, Inc. (OTCBB: IXOG).

The profile is a comprehensive look at the company. You can view this profile at http://www.hotshotstocks.com/profiles-details_IXOG.htm.

Index Oil and Gas, Inc.

Index Oil and Gas, Inc. (OTCBB: IXOG) 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. 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. (OTCBB: IXOG), visit our website at http://www.indexoil.com.

About Hotshotstocks.com

Hotshotstocks.com publishes profiles on up and coming publicly traded companies. Hotshotstocks.com. is positioned to be one of the nation's top Internet destinations for micro and small cap stock information. To feature your company, or to have a Media Kit sent to you, please contact Sharon Harkavy, at 847.971.0545 or email hotshotstocks@aol.com.

Forward-Looking Statements

The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements that are not descriptions of historical facts are forward-looking statements provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements are statements about anticipated financial or operating results, financial projections, business prospects, future product performance and other matters that are not historical facts. Such statements often include words such as "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions. "Fair Disclosure" -- We have been compensated $6,800.00 from a third party.

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