LGX Energy aims to unlock energy resources that have been left untapped for more than 100 years. We’re bringing the latest 3D seismic technology to Indiana aiming to deliver decades of consistent profit in the future.
In 2007, the U.S. Geological Survey (USGS)* estimated the quantity of undiscovered, recoverable oil and gas resources:
Proven oil pay zones* which are undeveloped and prospective. All projects are expected to have multiple oil pays.
Shallow reserves paired with limestone, dolomite, and sandstone rock formations can make for accurate drilling and more stable output.
Drilling permits can be secured in as few as 10 days. Royalty and lease rates can also be less expensive than in other states.
*https://www.usgs.gov/publications/assessment-undiscovered-oil-and-gas-resources-illinois-basin-2007
https://pubs.usgs.gov/fs/2007/3058/fs2007-3058.pdf
This information provides insight and opportunity that the competition can’t touch.
Embark on a very aggressive drilling program for at least 25 new wells
At least 25 drilling prospects identified for Devonian reefs in Clay County
At least 55 prospects for deeper formations, including the Trenton, Black River, St. Peter Sand and Knox formations
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From 2001 to 2006 when it was uplisted to the American Stock Exchange, Cadence Resources experienced significant growth in its market capitalization. Initially focused on developing oil production in Wilbarger County,Texas, and later in Desoto Parish, Louisiana, Cadence established numerous producing wells, benefiting from rising oil prices from $20 to over $60 per barrel.
You can possibly earn tax-free passive income by using self-directed IRA funds to fund your investment. Traditional, SEP, and ROTH IRAs, 401k from Prior Employer, Retired TSP Plans, and 403b plans are eligible.
I really like the structure of the LGX preferred stock offering. It gives me really attractive current passive income through the dividends, while the conversion feature gives me the opportunity for big capital gains down the road….
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As a long-time oil and gas investor, as well as having some early experience as an executive in the space, I’m very impressed with the quality of the play in southwestern Indiana. I’m personally familiar with Howard’s previous success in the industry, having made a big profit as an investor in his earlier company, Cadence Resources.
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This is a great opportunity to explore the untapped reserves in southwestern Indiana, in the heart of the highly prolific Illinois basin. Applying modern 3D seismic to this historic province, along with their team of top-notch industry experts has positioned LGX for success!
The testimonials may not be representative of the experience of other customers. (ii) There is no guarantee of future performance or success. (iii) The testimonials herein above are unpaid.
Your social security or tax identification number is used to report your earnings, if any, to the IRS and to provide you with the correct tax forms, as required by law. We also use the information to verify your identity and prevent fraudulent activity.
While there is risk in any type of investment, LGX works to limit risk and maximize success rates by leveraging seismic data of the region along with a team of industry experts who have over 150 years of combined experience. The majority of investment proceeds will be used for drilling operations, in which prospective sites have been thoroughly vetted through 2D and 3D seismic data analysis. Additionally, operating in the State of Indiana may have benefits such as easier permitting for drilling, enabling product speed to market, and quicker returns. View the SEC link to read the LGX filings with the government in detail.
Yes! Your 401k accounts, Traditional IRAs, Roth IRAs, and Self-Directed IRAs are eligible for this investment. For specific questions about 401k or IRA eligibility, please reach out to our Investor Relations team at investor@lgxenergycorp.com.
Your LGX investment is taxed like any other interest-bearing investment. At the end of each calendar year, you will receive a form 1099 covering all interest paid, if any, during the corresponding tax year.
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