Index Oil and Gas, Inc. Mourns Death of Director Michael Scrutton

Thursday, December 20, 2007

Index Oil and Gas, Inc. announced today that Company Director Michael Scrutton passed away over the weekend on December 16, 2007.

Index's Chairman, Dan Murphy stated, "Michael's death is a shock to us all. This is a very, very sad day for anyone who ever had the opportunity to work with Michael firsthand. Everyone in the Index community sends their prayers, kind thoughts, and condolences to the Scrutton family. His years of dedication and commitment to Index as a founding investor, long term independent director, entrepreneur, and friend; he will not be forgotten and our collective thoughts and prayers will be with his family during this sad time."

The Board of Directors will be meeting this week to discuss further changes and actions that will be taken, as warranted, in an attempt to minimize disruptions to the Company's ongoing operations. Further Company updates will be provided to the financial community as information becomes available.

A funeral service will be held at Colwyn Bay Crematorium in Wales, United Kingdom on Friday 28th December 2007 at 12:30. After the ceremony the family will be sharing memories more informally at Deganwy Quay Hotel to toast Mike and his life. If you would like to write a few words to be read out at the ceremony or placed in the Remembrance book please e-mail them to us here or to Rosie Grant (the ceremony leader) at enquiries@naturalendings.co.uk

In lieu of flowers, memorial contributions may be made to Medicines Sans Frontier.

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