Howard Crosby

I975 graduate of the University of Idaho, early in his career Mr. Crosby worked as a technical editor for Westinghouse before joining United Nuclear Industries in 1981. UNC was a major uranium producer, and Mr. Crosby worked for a division that provided direct assay instrumentation to industry.

Throughout the 1980’s Howard Crosby worked on financing projects in natural resources until forming his own consulting company, Crosby Enterprises in 1989. Through the 1990’s Howard Crosby consulted with companies in both oil and gas and mining, and in 2001 he assumed the role of CEO of Cadence Resources.

At that time, Cadence was a tiny OTC listed company with a market capitalization of less than $1 million. Initial efforts were focused on developing oil production in Wilbarger County in north Texas. Numerous producing wells were put on production over the next four years, with ever increasing cash flow as the oil price moved from $20/barrel to over $60/barrel. In addition, Cadence developed a large gas field in Desoto Parish LA, near Shreveport, with deep gas wells in two formations. Over 4 years, the market capitalization went from under $1 million to over $400 million. In early 2006, the company was sold in a share exchange to an AMEX listed oil and gas company.

Between 2004 and 2010, Howard Crosby was a founder of both High Plains Uranium and US Silver Corporation, both of which listed on the TSX and were sold for major increases in valuation over their original market values.

In more recent years, Howard Crosby was active in pursuing a large titanium deposit in Chile, as well as assisting in the redevelopment of the historic Bunker Hill Mine near Kellogg, Idaho, and assisted in the formation of Blackjack Silver, which is a private company in the process of developing major silver-lead-zinc resources in Butte, MT.

LGX Energy, formed this past fall, represents Howard Crosby’s return to the oil and gas industry to pursue an outstanding opportunity in the Illinois Basin in southern Indiana. It is his belief that this represents a major underdeveloped oil and gas resource in a favorable business oriented state at a time of increasing demand for oil in an environment of rising oil and gas prices.

Howard Crosby now lives in Palm Desert, California, where in addition to his business interests continues to pursue his love of golf, and performance music. He has recorded four CD’s, and his late uncle was the legendary American entertainer Bing Crosby.