Operational Updates
FX Energy Reports Second Quarter Negative Production Growth
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FX Energy, Inc., today announced a net loss of $12.1 million, or $(0.23) per share, for the quarter ended June 30, 2012. Excluding a non-cash foreign currency exchange loss of $13.0 million, the Company would have recorded second quarter 2012 net income of $0.9 million, or $0.02 per share. This compares to a net loss, adjusted for foreign exchange gains, of $(1.0) million, or $(0.02) per share reported in the second quarter of 2011.
Higher Natural Gas Prices in Poland Boost Second Quarter Oil and Gas Revenues; But Strength of the U.S. Dollar Dampens the Impact
Oil and gas revenues were $7.9 million during the second quarter of 2012, compared to $7.8 million during the same quarter of 2011. Gas prices during the second quarter of 2012 averaged $6.86 per Mcf, compared to $6.36 per Mcf…
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