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FX Energy announce Miesczewo-1K well flows gas

Monday, March 18, 2013
  • At the time of the DST the Mieczewo-1K well had drilled a total of 9.6 meters of porous Rotliegend sandstone

FX Energy, Inc. (NASDAQ: FXEN) reported a successful drill stem test (DST) of the Company's Mieczewo-1K well. Located in Company's Fences concession in central Poland, this exploratory well flowed gas with no water in this first DST.

Andy Pierce , Vice President of Operations, remarked, "We are encouraged with this initial DST, but keep in mind we've only drilled a few meters into the pay zone so far. We have more drilling, coring and testing to do before we can say for sure whether this is a producible gas deposit. But so far everything looks just like we expected."

At the time of the DST the Mieczewo-1K well had drilled a total of 9.6 meters of porous Rotliegend sandstone. The well will be drilled and cored another 50-60 meters, then logged and tested to determine the full extent of the pay zone and other reservoir parameters. The Polish Oil and Gas Company is the operator and owns 51%; FX Energy owns 49% of the working interest.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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