FXEN

[setliff]

here we go again--wonder if they will hit for sure this time

FX Energy plans to frac Polish well • 2:59 PM

FX Energy (FXEN +7.1%) says it plans to frac a tight gas zone in its Gorka Duchowna-1 well in Poland after a drill stem test of an interval between 2,261-2,290 meters recovered gas and drilling mud with no water.

In reporting progress on three other wells in Poland, Lisewo-2 is drilling ahead at a depth of 3,470 meters toward a target depth of 3,880 meters, Szymanowice-1 is drilling ahead at 2,373 meters, and initial permit work has begun on three possible offset locations to the Tuchola-3K discovery well.

[dan_s]

With FX Energy the big production is always just ahead for these guys. This is one of those stocks you buy and forget, hoping they actually do hit the BIG ONE someday or you actively trade it. It runs up on these press releases, which BTW never really say much, and then the share price pulls back.

Note that the frac of that well is not going to happen until next Spring.

[setliff]

well said, dan