Index Oil and Gas Inc. has announced the appointment of Dr. Ronald Bain as Chief Operating Officer. Dr. Bain, age 61, joined the Company as its Senior Vice President of Exploration and Production on February 1, 2008. Dr. Bain provides exploration, production and strategic business services to the Company pursuant to the terms of that certain Agreement for Exploration, Production and Strategic Services between the Company and ConRon Consulting Inc.
Dr. Bain has over 34 years experience within the energy sector. Prior to joining the Company, Dr. Bain was the Corporate Exploration Advisor and Vice President of Geosciences of Houston-based Endeavour International Corporation, an independent energy company established to find and develop oil and gas reserves in the North Sea. Dr. Bain provided independent risk assessment of drilling opportunities and was responsible for characterizing exploration inventories. From 1983 to 2001, Dr. Bain worked with Anadarko Petroleum Corporation. He held numerous management positions in technology and exploration, both in the domestic United States and finally as Manager of International Exploration.
Lyndon West, Chief Executive Officer, commented, “We are excited about Dr. Bain's promotion to Chief Operating Officer and his increased level of commitment to Index. Ron's vast experience in the energy sector greatly increases our overall technical expertise as an oil and gas company. We believe that, with the addition of Ron to our executive management team, we are positioned for growth as a company both organically as well as through accretive acquisitions.”
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