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FX Energy (FXEN) Begins Drilling at Tuchola-3K; to Commence Mieczewo-1 Well Shortly

December 27, 2012 10:35 AM EST Send to a Friend
FX Energy, Inc. (NASDAQ: FXEN) reported that the drilling rig from the Kutno-2 well has been moved to the Tuchola-3K location and drilling operations are underway. The main target reservoir of the Tuchola-3K well is the Main Dolomite at a projected depth of 2,550 meters. The well is also planned to test a Devonian oil target at a depth of approximately 3,150 meters.

The Tuchola-3K well is located on the Company's 100% owned Edge concession in northwestern Poland. The Company has identified several prospects within the Edge concession acreage. FX Energy is the operator of the Edge concession.

The Company also reported that the Mieczewo-1 well is scheduled to begin drilling within the next several weeks. The drilling rig which recently completed the test of the Komorze-3 well is being moved to the Mieczewo-1 drilling location. The Mieczewo-1 well is planned to test a Rotliegend structural target in the Company's Fences area in western Poland, owned and operated by PGNiG. FX Energy owns a 49% interest.




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