Market Overview

FX Energy Reports Lisewo-2 Well to be Completed for Production


FX Energy (NASDAQ: FXEN) reported that the Lisewo-2 well will be completed for production prior to further testing.  The well was drilled to a depth of 3,779 meters and cased to the top of the Rotliegend target reservoir.  A total of 27 meters were cored at the top of the reservoir which showed excellent reservoir quality and gas saturation similar to the Lisewo-1 well.  Planned operations call for completing the well for production. At that time a full scale production test will be done to determine the production parameters.

The Lisewo-2 well was drilled to accelerate production from the Lisewo structure originally discovered by the Lisewo-1 well.  The Lisewo production facility, scheduled to begin producing before the end of the year, is designed to serve both Lisewo-1 and Lisewo-2, in addition to the Komorze-3 well. All three of these wells are located in the Fences concession where the Polish Oil and Gas Company (PGNiG) is the operator and owns 51% of the working interest; FX Energy owns 49%.

Szymanowice-1 well.  The Szymanowice-1 well has reached the base of the Zechstein at a depth of 3,595 meters.  The next operations will include setting and cementing

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Posted-In: News Guidance Financing Contracts Legal Management Global


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