FX Energy 'Encouraged' by Initial DST Results at Mieczewo-1K Well

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FX Energy, Inc. reported a successful drill stem test (DST) at the Company's Mieczewo-1K well. Located in Company's Fences concession in central Poland, this exploratory well flowed gas with no water in this first DST.

Vice President of Operations Andy Pierce remarked, "We are encouraged with this initial DST, but keep in mind we've only drilled a few meters into the pay zone so far. We have more drilling, coring and testing to do before we can say for sure whether this is a producible gas deposit. But so far everything looks just like we expected."

At the time of the DST the Mieczewo-1K well had drilled a total of 31.5 feet (9.6 meters) of porous Rotliegend sandstone. The well will be drilled and cored another 164 to 197 feet (50-60 meters), then logged and tested to determine the full extent of the pay zone and other reservoir parameters. The Polish Oil and Gas Company is the operator and owns 51 percent; FX Energy owns 49 percent of the working interest.

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