Oil & Gas Company Directory

Company Overview: FX Energy, Inc.

Company Information
FX Energy, Inc.
3006 Highland Dr.
Suite 206
Salt Lake City, UT 84106

Contact Information
Website: www.fxenergy.com
Phone: 801-486-5555
Phone: 801-486-5575

We are an independent oil and gas company focused on exploration, development and production opportunities in the Republic of Poland. We were the first western company to drill for oil and gas in Poland and today we are the largest foreign oil and gas exploration acreage holder in Poland with exploration rights covering approximately 16.1 million gross acres. We have formed two important strategic alliances in Poland, one with the Polish Oil and Gas Company, or POGC, and the other with Apache Corporation. These alliances allow us to utilize the operating and technical personnel of these larger companies, gain access to geological and geophysical data and obtain other necessary support activities in Poland.

Business Strategy

  • Focus on Poland. We believe Poland is an attractive area in which to conduct exploration activities because of its known productive basins, limited oil and gas exploration and development in those basins and heavy dependence on oil and gas imports. In addition, Poland's industrial infrastructure combined with its fiscal regime favorable to foreign investment reinforce the attractiveness of Poland.
  • Leverage Our Exploration Success. Although we currently have no debt, when we convert an exploration prospect into a development project, we intend to fund the majority of exploitation costs with debt financing, if available.
  • Balance Our Growth Profile. We intend to diversify our portfolio of properties and our risk profile by adding additional development opportunities to our inventory of high potential exploration projects. We intend to seek the acquisition of proved reserves with additional exploitation potential or proved reserves with additional infrastructure requirements.
  • Expand Existing and Develop New Strategic Relationships. We intend to expand our strategic relationships, particularly with POGC in connection with the pursuit of additional opportunities in Poland.

Quick Facts

Line of Business: Exploration and production
Ownership: Public
Stock Exchang: NASDAQ
Stock Ticker: FXEN