Index Oil & Gas Inc. - Current report filing (8-K)
July 08 2008 - 4:22PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
______________________________
FORM
8-K
______________________________
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): July 8, 2008 (July 1,
2008)
INDEX
OIL AND GAS INC.
(Exact
Name of Registrant as Specified in Its Charter)
Nevada
|
000-51430
|
20-0815369
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
File
Number)
|
(I.R.S.
Employer
Identification
Number)
|
1000
Memorial Drive, Suite 440
Houston,
Texas 77024
(Address
of principal executive offices, including zip code)
(713) 683-0800
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
□ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
□ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
□
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
□
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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(c) Effective
July 1, 2008, Ronald Bain Ph.D. was appointed to the newly created position of
Chief Operating Officer of Index Oil and Gas Inc. (the
“Company”). 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., as amended by
that certain Addendum #1 dated June 1, 2008 (the “Consulting
Agreement”)
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.
The
Company and Dr. Bain entered into a second amendment to the Consulting Agreement
dated as of July 1, 2008 to provide that Dr. Bain will serve as the Chief
Operating Officer of the Company. The remaining terms and conditions
of the Consulting Agreement did not change. Under the Consulting
Agreement, Dr. Bain receives $2,000 per day, to a maximum of 10 working days
equivalent per calendar month, and any additional days will be supplied at a fee
of $1,500 per working day equivalent supplied per month. Dr. Bain
also receives 715 shares of common stock of the Company for each day
worked at the rate of $2,000 per day and 1,250 shares of common stock of the
Company for each day worked at the rate of $1,500 per day. The term
of the Consulting Agreement expires on May 30, 2009.
The
foregoing description of the Consulting Agreement does not purport to be
complete and is qualified in its entirety by reference to the complete text of
the Consulting Agreement, which is attached hereto as Exhibit 10.15 and
incorporated herein by reference.
There are
no family relationships between Dr. Bain and any of the other executive officers
or directors of the Company. There have been no reportable related
party transactions between the Company and Dr. Bain.
Item
7.01 Regulation
FD Disclosure.
On July
8, 2008, the Company issued a press release announcing the appointment of Dr.
Bain as its Chief Operating Officer. A copy of the press release is
attached hereto as Exhibit 99.1. In accordance with General
Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 and in
the attached exhibit are deemed to be furnished and shall not be deemed to be
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended.
Item
9.01 Financial
Statements and Exhibits.
Exhibit
No.
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|
Description
|
|
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10.15
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Agreement
for Exploration, Production and Strategic Services dated February 1, 2008
between the Company and ConRon Consulting Inc., as amended by Addendum #1
dated June 1, 2008 and Addendum #2 dated July 1, 2008
|
|
|
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99.1
|
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Press
Release of Index Oil and Gas Inc. dated July 8,
2008
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
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INDEX
TO EXHIBITS
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Date: July
8, 2008
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By:
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/s/ Lyndon
West
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Lyndon
West
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Chief
Executive Officer
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INDEX OIL AND GAS INC.
Exhibit
No.
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|
Description
|
|
|
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10.15
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Agreement
for Exploration, Production and Strategic Services dated February 1, 2008
between the Company and ConRon Consulting Inc., as amended by Addendum #1
dated June 1, 2008 and Addendum #2 dated July 1, 2008
|
|
|
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99.1
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|
Press
Release of Index Oil and Gas Inc. dated July 8,
2008
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