Exploration & Production
FX Energy Provides Operations Update
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FX Energy, Inc. issued an operations update on its activities in Poland.
Kutno-2 Well
The Kutno-2 well has reached a depth of 6,576 meters, 126 meters deeper than the projected total depth when the well was originally started. The well has encountered reasonably good gas shows and temperatures favorable for hydrocarbon presence throughout the Rotliegend section. However, the porosities seen in the well cores are not as good as have been encountered in the Company's successful Rotliegend wells at shallower depths in the Fences concession.
The Company currently plans to continue drilling and coring for an as yet undetermined number of meters, then run a drill stem test to gauge well bore gas entry rate and gas composition.
Andy Pierce, Vice President of Operations, cautioned, "We…
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