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FX Begins Drilling at Karmin-1 Well at Poland's Fences Project

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   |    Tuesday,July 29,2014

FX Energy Inc. has reported that drilling is underway at the Karmin-1 well in the Company's Fences license in western Poland. 

The well is a planned test of a Rotliegend sandstone target at an estimated depth of 2,460 meters.  The prospect is located on trend with the Zaniemysl-3 and Roszkow wells, two of the Company's highest producing discoveries.

The Karmin-1 well is the first of three wells in the Fences area that are planned to begin drilling operations prior to the end of 2014.  All of these wells are 51% owned and operated by PGNiG.

In addition to the Fences wells, FX Energy also plans to begin drilling two wells in the Company's 100% owned Edge license in western Poland.  The Edge license covers approximately 730,000 acres.