FX Energy Starts Drilling Frankowo-1 Well
by FX Energy Inc.
|Tuesday, August 14, 2012
FX Energy, Inc. announced that drilling has commenced on the Frankowo-1 in western Poland. The well is located on the Company's 100 percent owned Block 246 concession and is planned to test a projected Rotliegend target at a projected depth of 6,890 feet (2,100 meters).
Block 246 covers 240,000 acres and is located directly southwest of the Company's Fences concession. The immediate target has potential for up to approximately 50 billion cubic feet of recoverable gas on full development (unrisked). Moreover, a successful test could be indicative of gas charged Rotliegend potential over a larger area in Block 246.
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