Salt Lake City, August 14, 2012 – FX Energy, Inc. (NASDAQ: FXEN) today announced that drilling has commenced on the Frankowo-1 in western Poland. The well is located on the Company’s 100% owned Block 246 concession and is planned to test a projected Rotliegend target at a projected depth of 2,100 meters.
Block 246 covers 240,000 acres and is located directly southwest of the Company’s Fences concession. The immediate target has potential for up to approximately 50 Bcf of recoverable gas on full development (unrisked). Moreover, a successful test could be indicative of gas charged Rotliegend potential over a larger area in Block 246.
FXEN spuds the Frankowo-1 test well
FXEN spuds the Frankowo-1 test well
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group