FX Energy Drilling Ahead on Fences Projects

FX Energy reports the Sroda-5 well, that is drilling in the Company's Fences II project area, has reached the top of the Zechstein at a depth of approximately 2,950 meters (9,700 feet). The well is being drilled to test a Rotliegend sandstone reservoir and will be drilled to a total depth of 3,650 meters (12,000 feet). The Lugi-1 well in the Company's Fences I project area has reached the top of the Zechstein at a depth of approximately 2,210 meters (7,300 feet). The well is also being drilled to test a Rotliegend sandstone and will be drilled to a depth of 2,750 meters (9,000) feet. An intermediate string of casing will be set and cemented in both wells before drilling will resume.
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