FX Energy Says 4Q05 Revenue Up 30%

FX Energy announced financial results for its fourth quarter and the full year of 2005. Total revenue for the quarter was $1.6 million, up 30% from revenues of $1.2 million for the fourth quarter of 2004. The fourth quarter of 2005 had a net loss of $6.6 million, or $0.19 per share. This compares to a net loss of $2.4 million, or $0.07 per share, for the fourth quarter of 2004. As of December 31, 2005, the Company had combined cash and investments totaling $28.9 million.

Total revenue for the full year of 2005 was $5.9 million, up 56% from revenues of $3.8 million for the full year of 2004. Fiscal 2005 had a net loss of $11.4 million, or $0.33 per share. This compares to a net loss of $12.6 million, or $0.41 per share for fiscal 2004.

About FX Energy

FX Energy, Inc. holds a land position of over 1.7 million acres in a known hydrocarbon region in western Poland's Permian Basin. The Permian Basin's gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England, and represents a largely untapped source of potentially significant gas reserves. FX Energy is exploiting this untapped potential in the belief that it can create substantial growth in oil and gas reserves and cash flow for its stockholders. The Company trades on the Nasdaq National Market under the symbol FXEN.

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