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FX Energy reports encouraging exploration results for Wielkopolskie well


2011-01-26



FX Energy, the Nasdaq-listed oil & gas company, on 24 January reported “very encouraging” gas shows during drilling and coring work at its Lisewo well in the Wielkopolskie voivodship. They were observed during coring of the interval from 3,810 to 3,846 meters. The company aims to core and drill to a total depth of 3,945 meters before conducting a production test.

Andy Pierce, FX Energy Vice President of Operations, said that “everything looks as good as we could have hoped”, though it is too early to say if it is a commercial gas deposit.

FX Energy owns 49% of Lisewo, with 51% held by PGNiG.



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