FX Energy, Inc., announced its drilling schedule through the end of 2014. The Company plans to start drilling two wells in August, one well in September and two more wells in the fourth quarter of 2014.

“We expect to see strong growth in reserves this year,” said Andy Pierce, Vice President of Operations of FX Energy. “We have a great drilling schedule through year end and we think our track record gives us a reasonable expectation that this year’s drilling should add significantly to reserves. We also expect to book reserves from our two Tuchola wells at year-end.”

Edge License

Following last year’s Tuchola-3K discovery the Company acquired and processed 240 square kilometers of new 3D seismic in the northern part of the Tuchola block. Tuchola-3K and this year’s Tuchola-4K discoveries are centered in this area. The Company’s technical team has identified a half-dozen new leads on this seismic, of which two will be selected for drilling this year. The first Edge well is planned to start drilling in September, the second in the fourth quarter.

“We think the most significant wells in our drilling schedule are the Edge wells,” said Jerzy Maciolek, Vice President of International Exploration. “We think the Tuchola discoveries point to great promise for this area. We are targeting new structures and hope to add more support to our theory that the Edge license, like the Fences license, is an area where we can drill high value wells with a predictable success rate.”

The Edge license covers approximately 730,000 acres. The Company operates and owns 100% of the
working interest.

Fences License

In the Fences license the Baraniec-1 well is rigging up now and site preparation is underway on the Karmin-1 well. Both are scheduled to start drilling in August. Baraniec-1 is located in the Lisewo area and Karmin-1 is located on the southern border of the Fences license on trend with the Company’s two highest rate producers in that license.

Field personnel are scouting two other locations in the Fences license, Przybyslaw-1 in the Lisewo area and a first location in the Miloslaw area. The Company expects to drill one of these two wells in the fourth quarter this year. The Company also expects to see the Zaniemysl-3 sidetrack completed this year to a higher downhole location.

The Fences license covers approximately 850,000 acres. The Polish Oil and Gas Company, PGNiG, is the operator and owns 51% of the working interest; the Company owns 49% of the working interest.

About FX Energy

FX Energy is an independent oil and gas exploration and production company with production in the U.S. and Poland. The Company’s main exploration and production activity is focused on Poland’s Permian Basin where the gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England. The Company trades on the NASDAQ Global Select Market under the symbol FXEN.