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Tuesday 07th of October 2008
23/4/2008

FX Energy starts Kromolice drilling

Story link: FX Energy starts Kromolice drilling by Jo Black
FX Energy starts Kromolice drilling

FX Energy, Inc. announces that drilling operations are underway on the Company’s Kromolice North well in western Poland. The well is the second of four exploratory wells the Company expects to drill this year in Poland.

The Kromolice North well is intended to test an interpreted Rotliegend sandstone structure at a depth of 3,670 meters. It is located approximately 7 kilometers along trend from the Company’s 2005 Sroda 4 discovery well. The Kromolice North well is in the Company’s Fences concession. FX Energy owns a 49% interest in the well; the Polish Oil and Gas Company (POGC) is the operator and owns 51%.

David Pierce, president of FX Energy said, we are pleased to be well underway and making good progress on our 2008 operations, especially as this year’s budget and operations are almost double last year’s. One element of our strategy is to increase reserves, production and revenue in our lowest risk area. The three wells scheduled for this year on our recently completed Sroda 3-D seismic (the Kromolice North, Sroda City and Kromolice South wells), collectively represent an important step forward with this strategy.

 

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