Salt Lake City, February 1, 2011 – FX Energy, Inc. (NASDAQ: FXEN) today reported the Lisewo 1K well has been drilled to a total depth of 3945 meters, true vertical depth (TVD) of 3773.5 meters and logged. The well operator, the Polish Oil and Gas Company (PGNiG), and 51% owner contracted log interpretation to its subsidiary, Geofizyka Torun (GT). GT’s log interpretation indicates a gas column of 67 meters from 3814.5 to 3881.5 meters. Average porosity in the upper half of the pay zone is 18%, ranging from 25% to 2%; average porosity in the lower half is 17% with a range of 24% to 10%.
About FX Energy
FX Energy is an independent oil and gas exploration and production company with production in the US and Poland. The Company's main exploration and production activity is focused on Poland's Permian Basin where the gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England. The Company trades on the NASDAQ Global Market under the symbol FXEN. Website www.fxenergy.com.
This is a VERY significant well for FXEN.
FXEN logs Lisewo test well
FXEN logs Lisewo test well
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group