LGX Energy

LGX Energy

Open  for investment

About this raise

LGX Energy is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company is rediscovering American oil using the latest 3D seismic technology. LGX Energy is engaged in the exploration and development of oil and gas properties, with principal properties located in Clay County, Indiana and many identified targets. Howard Crosby and John Ryan founded LGX Energy in 2021. The current crowdfunding campaign has a maximum target of $40 million. The campaign proceeds will be used for marketing and advertising, legal and accounting expenses, consultants for business development, lease acquisition costs, seismic and processing, drilling, working capital, and general and administrative expenses.

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Investment Overview

Committed this round: $1,147,956

Deal Terms

Platform
Dalmore Group
Start Date
08/14/2023
Close Date
Not Provided
Min. Goal
$1,200
Max Goal
$40,000,000
Min. Investment

$1,200

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$82,006,664

Company & Team

Company

Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
WALLA WALLA, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Howard Crowsby
Title
CEO

Funding data not publicly available

Financials

 Revenue
$152,541
 Monthly Burn
$90,668
 Runway
7.2 months

Balance Sheet

Cash and Cash Equivalents

$648,699

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$257,917

Loans

$0

Property, Plant and Equipment (PP&E)

$355,798

Property and Equipment

$355,798

Total Assets

$1,535,264

Accounts Payable & Accrued Liabilities

$0

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$127,482

Total Stockholders' Equity

$1,407,782

Total Liabilities and Equity

$1,535,264

Statement of Comprehensive Income Information

Total Revenues

$292,733

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,376,388

Total Interest Expenses

$0

Depreciation and Amortization

$27,042

Net Income

$-1,088,021

Earnings Per Share - Basic

$-0.06

Earnings Per Share - Diluted

$-0.06

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/14/2025 Dalmore Group $82,006,664 $1,147,956 Equity - Common Active RegA+
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Add to portfolio
LGX Energy on Dalmore Group 2023
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $82,006,664
Price per Share: $4.00

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Follow LGX Energy on Dalmore Group 2023

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