FX Energy reports that the Sroda-4 discovery well will be completed for
production prior to additional testing. Following completion, an extended
production test will be run to determine the optimum rate at which the well
will be produced. "A number of factors including porosity, permeability and
thickness of the Rotliegendes reservoir in addition to the initial flow tests,
confirm that this well is commercial. The calculated open flow rate from the
initial test of the well was in excess of 25 mmcf per day. The Polish Oil and
Gas Company (POGC) will complete the well with all the necessary downhole
equipment in place so that the well will be ready for production upon the
construction of production facilities," said Andy Pierce, FX Energy's COO.
The Sroda-5 well, the Company's next well in the Fences II project area
will be drilled as an appraisal well on the Sroda structure. Work is
currently underway to determine the exact location prior to beginning
permitting the Sroda-5 well.
The next well to begin drilling under the Company's current operational
plans is the Lugi well which is currently in the tender process to select a