SOURCE: IO Circuit

July 17, 2007 08:59 ET

(OTC: IXOG) Joins Exploration Prospect With Potential to Significantly Increase Company's Value

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit

LAKE HARMONY, PA--(Marketwire - July 17, 2007) - Index Oil and Gas, Inc. (OTCBB: IXOG) announced that it has signed a Purchase and Sale Agreement to acquire a 5% working interest and 3.5% Net Revenue Interest ("NRI") in the Alligator Bayou exploration prospect located beneath onshore portions of Brazoria and Matagorda Counties, Texas ("Alligator Bayou").

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