FX Energy Reports Initial Results of Sroda-5 Well

FX Energy says that a drill stem test on the Sroda-5 well in western Poland in a sixteen meter section of the Rotliegend target reservoir tested gas and brine in a short test early Jan 5, 2006. The well will continue to be tested and additional drilling will take place before commerciality of the well can be determined.

"Logging of the well will determine the overall thickness of the pay zone in this well," said David Pierce, president of FX Energy. "While we are disappointed that the well did not test gas in the quantities we had hoped, we are pleased that the well confirms that gas is being trapped here and we remain positive about the Sroda area," continued Mr. Pierce.

The Company also reported that the Drozdowice well is expected to spud later in January.