Production / Louisiana

Summary FY 2008 (ended March 31):

• Production rose 225% in FY 2008, rising to 28,626 boe (barrels of oil equivalent) compared to 8,075 boe for the Fiscal Year ended March 31, 2007.
• Drilled 6 out of 7 wells planned.
• Currently 4 producing (Cason, Outlar, Ducroz and Shadyside).

Shadyside Prospect, Saint Mary Parish, LA

• Shadyside well – High impact, Producing
• Index's Working Interest – 30%
• Index's Net Revenue Interest – 19.04%