SALT LAKE CITY, Jan. 14, 2013 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) today reported that drilling has commenced on the Mieczewo-1K exploration well. The well is a planned test of a Rotliegend structure at a projected depth of 3,360 meters. The Mieczewo-1K well is located in the western part of the 850,000 acre Fences concession, where the Polish Oil and Gas Company (PGNiG) is the owner of concession and operator and holds a 51% interest; the Company holds a 49% interest.
FX Energy also reported that the Tuchola-3K well which began drilling in late December of 2012 is currently at a depth of 2,053 meters. The Tuchola-3K well is planned to test a Main Dolomite target at approximately 2,550 meters and an independent Devonian oil target at a depth of 3,180-3,820 meters. The Tuchola-3K well is located on one of four blocks that comprise the 880,000 acre Edge concession area in northern Poland. FX Energy holds a 100% interest and operates the Tuchola-3K well and the Edge concession area.
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.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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