FX Energy, Inc. issued an operational update on its oil and gas activities at the company’s properties in Eastern Europe. The company is currently focused on exploration in the onshore area in Poland.
FX Energy, Inc. has reached the planned measured depth of 3,810 meters at the Lisewo well, located in the Fences concession in western Poland. The company started drilling the well in September 2010 and is targeting the Rotliegend sandstone formation.
FX Energy, Inc. expects results for the Lisewo well sometime in January 2011. The company is the operator of the well, which is being drilled in partnership with the Polish Oil and Gas Company.
FX Energy, Inc. is currently involved in the tender process for selecting a rig to drill the Plawce well, which is also targeting the Rotliegend sandstone formation. The Polish Oil and Gas Company will be the operator of the Plawce well.
FX Energy, Inc. will begin the tendering process in late January 2011 for a rig to be used to drill the Machnatka well, located on the Warsaw South concession. The company will start drilling this well in the second quarter of 2011. FX Energy, Inc. plans to target two separate formations with this well, which will be the first drilled on the Warsaw South concession.
For more information on the company, go to www.fxenergy.com