FX Energy Begins Drilling Drozdowice-1 Well

FX Energy, Inc. reports that the Drozdowice-1 well in the Company's Fences III project area in western Poland began drilling today. The Drozdowice-1 is the first well to be drilled by FX Energy in the Fences III area and will test a possible Zechstein limestone and Rotliegend sandstone reservoir at a target depth of approximately 1,400 meters.

"The Drozdowice well will give us our first look at the subsurface in Fences III where the geology is somewhat different from the Fences I and II project areas. This well has two potential reservoir targets and is relatively shallow. Because of the shallow depth, we anticipate significantly lower drilling costs which makes the economics on a successful well quite attractive. In addition, we are in control of operations, there is nearby infrastructure and we hold a 100% interest," said David Pierce, president of FX Energy.