LGX Energy Corp

Highlights

Company Overview

LGX Energy Corp. is a U.S. oil and gas exploration and development company focused on the Illinois Basin, with primary operations in Clay County, Indiana and strategic mineral ownership in Michigan. The company's approach centers on applying modern 3D seismic imaging to a historically productive but technologically underdeveloped basin — an approach designed to improve targeting accuracy and reduce drilling risk relative to the 2D methods historically used in the region. Through its wholly owned operating subsidiary, Adler Energy, LGX currently operates 9 producing oil wells and 2 production facilities, controls roughly 6,000 acres of leasehold, and has identified more than 80 undrilled prospects from over 600 miles of proprietary seismic data. Proceeds from this raise are earmarked primarily for leasehold expansion, additional seismic acquisition, and drilling and development of a multi-year, multi-well program. The company's stated long-term objective is a future public offering or strategic sale, though there is no guarantee of if or when a liquidity event occurs.

Investment Snapshot

Why Invest

• 3D seismic imaging applied to a historically productive basin that was largely developed using older, less precise 2D methods
• Existing producing asset base of 9 wells, plus a large identified prospect inventory — 80+ undrilled locations across 600+ miles of proprietary seismic data
• Multiple potential value drivers beyond near-term oil production, including mid-term reserve growth, deeper-formation exploration upside, and non-core Michigan mineral rights
• Experienced leadership team with prior natural-resource company exits, including a founder who previously grew a company from under $1 million to over $400 million in market capitalization before its acquisition

Market Opportunity

LGX's focus area spans six counties in southwestern Indiana with decades of production history and confirmed geologic structure. Management's investment thesis is that modern seismic technology can unlock reserves in a mature basin that were missed or left undeveloped by earlier-generation exploration methods.

Team

Howard Crosby

Executive Chairman

40+ years as a natural resource investor and entrepreneur. Founder and former CEO of Cadence Resources, which he grew from under $1 million to over $400 million in market capitalization before its acquisition by an AMEX-listed company.

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John Ryan

Director & Vice President

30 years in the natural resource sector. Co-founder of Cadence Resources alongside Crosby. Currently President of Gold Express Mines.

John Miller

Executive VP, LGX Energy

Raised funding for the first horizontal shale gas well drilled in the Illinois Basin and has managed drilling programs totaling more than 700 wells.

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Shane Miller

President, Adler Energy

Has managed the drilling of over 100 oil and gas wells across Michigan, Indiana, and several other states.