FX Energy Begins Drilling Operations on Zaniemysl-3 Well

FX Energy has commenced drilling operations at the Zaniemysl-3 well in the Company's Fences I project area in western Poland. The well is planned to test a Rotliegende target at a depth of approximately 2,940 meters.

FX Energy holds interests in five project areas in Poland:

  • The Fences I project area covers approximately 265,000 acres in western Poland's Permian Basin. FX Energy holds a 49% interest subject to the right of CalEnergy Gas to earn half of that 49%. POGC holds 51%.
  • The Fences II project area covers approximately 670,000 acres in western Poland's Permian Basin. FX Energy has a 49% interest in Fences II and POGC holds 51%.
  • The Fences III project area covers approximately 770,000 acres in western Poland's Permian Basin. FX Energy holds a 100% interest.
  • The Pomerania project area covers approximately 2.2 million acres in western Poland's Permian Basin. FX Energy holds a 100% interest in the Pomerania project area except for one block of approximately 225,000 acres, where its interest is 85% and POGC holds 15%.
  • The Wilga project area covers approximately 250,000 acres in central Poland; FX Energy holds a 45% interest.
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