Index Oil and Gas, Inc (IXOG.OB) Announces First Gas and Condensate Sales from Shadyside, plus First Gas Sales from Hawkins
Index Oil and Gas, Inc (IXOG.OB) announced that the company's Shadyside 1 well, located in Saint Mary's Parish, Louisiana, has been connected to their sales pipeline network. As a result, this well is flowing at an initial rate of approximately 1.6 million cubic feet of gas per day. However, Index Oil seeks to increase production rates in a gradual manner during year 2008. Furthermore, Index's Hawkins 1 well has also been connected to their sales pipeline network. Initially, this well is flowing at a rate of approximately 0.55 million cubic feet of gas per day. Lyndon West, CEO of Index,…