FX Reports Initial Winna Gora Test

FX Energy, Inc. on Tuesday reported that the Winna Gora well flowed gas during the clean-up phase in an initial test of the top eighteen meter section of the Rotliegendes sandstone target reservoir at a depth of 3,518-3,536 meters.

Because the test tool had just been opened Tuesday morning, flow calculations were not expected until later Tuesday and on Wednesday. Following the completion of the initial test, drilling, testing and logging will continue to determine the net pay and other reservoir parameters.

FX Energy owns 49% and the Polish Oil and Gas Company is the operator and owns 51%.

FX Energy, Inc. holds a land position of 250,000 acres around its Wilga discovery and over 3.2 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.