FX Energy, Inc. announced that the Miloslaw-4K well has started drilling. The well is a planned test of a Rotliegend sandstone target at a projected depth of 3660 meters. The well is located in the Fences license approximately 15 kilometers northwest of the producing wells at Lisewo-1 and 2.
The Miloslaw-4K well will test one of the largest conventional prospects FX Energy has drilled with the Polish Oil and Gas Company (PGNiG). If successful, the well could also add a substantial increase to production on top of the increase already planned next year from the Karmin-1 well. The Miloslaw-4K well is located in the Fences license where PGNiG is the operator and owns 51% of the working interest, FX Energy owns 49%.
About FX Energy
FX Energy (NASDAQ: FXEN) is an independent oil and gas exploration and production company with production in the US 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.