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FX Energy Hits Target at Miloslaw-4K Well at Fences License
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FX Energy, Inc. reported that drilling, coring, logging and testing of the Miloslaw-4k well have been completed. The well flowed gas with no observable water at a rate of 4.32 mmcfg/d on a 16/64" choke from a 41.3 meter interval in the Rotliegend sandstone. True vertical depth of the producing zone is from 3632.9 meters to 3674.2 meters, the longest producing interval of any of the Company's wells in Poland. The well is being completed and is expected to begin producing in 2016/2017.
The well tested a Rotliegend sandstone target located in the Fences license approximately 15 kilometers northwest of the producing wells at Lisewo-1 and 2. The Miloslaw prospect is one of the largest conventional prospects FX Energy has drilled in Poland. The Polish Oil and Gas Company is the operator and owns 51% of the working interest; FX Energy owns 49%.
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