FX Energy Begins Drilling Winna Gora Well
FX Energy says that drilling of the Winna Gora well in the Company's Fences II project area in western Poland has started. The well is planned to test a Rotliegend sandstone structure with estimated gas potential of 20 to 50 bcf at a depth of approximately 3,650 meters. The well is operated by the Polish Oil and Gas Company (PGNiG). FX Energy owns a 49% interest in the well and PGNiG owns 51%.
FX Energy, Inc. holds a land position of 250,000 acres around its Wilga discovery and 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 Global Market under the symbol FXEN.
- FX Energy is Reading Szymanowice-1 Well for Production (Dec 31)
- FX Energy Tests Poland Tuchola-3K Well (Apr 29)
- FX Energy 'Disappointed' over Polish Mieczewo Well (Apr 08)