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FX Energy Begins Drilling Tuchola-3K Well

Stocks in this article: FXEN





SALT LAKE CITY, Dec. 27, 2012 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) reported that the drilling rig from the Kutno-2 well has been moved to the Tuchola-3K location and drilling operations are underway.  The main target reservoir of the Tuchola-3K well is the Main Dolomite at a projected depth of 2,550 meters.  The well is also planned to test a Devonian oil target at a depth of approximately 3,150 meters. 

The Tuchola-3K well is located on the Company's 100% owned Edge concession in northwestern Poland.  The Company has identified several prospects within the Edge concession acreage.  FX Energy is the operator of the Edge concession.

The Company also reported that the Mieczewo-1well is scheduled to begin drilling within the next several weeks.  The drilling rig which recently completed the test of the Komorze-3 well is being moved to the Mieczewo-1 drilling location.  The Mieczewo-1 well is planned to test a Rotliegend structural target in the Company's Fences area in western Poland, owned and operated by PGNiG.  FX Energy owns a 49% interest.

About FX Energy

FX Energy is an independent oil and gas exploration and production company with production in the US and Poland. The Company's main exploration and production activity is focused on Poland's Permian Basin where the gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England. The Company trades on the NASDAQ Global Select Market under the symbol FXEN. Website  www.fxenergy.com.

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FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements. Forward-looking statements are not guarantees. For example, exploration, drilling, development, construction or other projects or operations may be subject to the successful completion of technical work; environmental, governmental or partner approvals; equipment availability, or other things that are or may be beyond the control of the Company. Operations that are anticipated, planned or scheduled may be changed, delayed, take longer than expected, fail to accomplish intended results, or not take place at all. Actual production over time may be more or less than estimates of reserves, including proved and P50 or other reserve measures.

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