FX Energy Flowing Gas from Zaniemysl Well

FX Energy

FX Energy reports that it is producing and selling gas from the Zaniemysl well in western Poland. "This is a major milestone for us and a validation of our commitment to Poland," said David Pierce, president of FX Energy. "We now have meaningful production from Zaniemysl-3 and Wilga-2, we have commercial reserves in Sroda-4, and we have 3-D being acquired over a large portion of the Sroda area which we expect will lead to the development of quite substantial reserves and production."

The Zaniemysl-3 well produces from a Rotliegend sandstone reservoir at a depth of 2,915 meters.

The Wilga-2 well produces from three separate Carboniferous sands at a depth of approximately 2,395 meters. FX Energy owns a 24.5 % interest in the Zaniemysl well and an 82% interest in the Wilga well.

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.