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    Poland: FX Energy, PGNiG Reports Gas Shows at Komorze-3K Well

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Summary

FX Energy and PGNiG report gas shows from the top level of the Rotliegend sandstones at the Komorze-3K well and plan run a full production test once total depth is reached. Komorze-3K targets a satellite structure located less than 4 kilometers from the Company’s 2011 Lisewo-1 Rotliegend gas discovery well. PGNiG is the operator of the well and holds 51% interest; the Company holds 49% interest.

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Natural Gas & LNG News, News By Country, Poland

Poland: FX Energy, PGNiG Reports Gas Shows at Komorze-3K Well

FX Energy, Inc. reported gas shows from the top level of the Rotliegend sandstones at the Komorze-3K well.

The gas shows were observed on the mudlogging unit during coring of the interval from 3,971 to 3,985 meters. The planned operations for the well are to core and drill to a total depth of 4,075 meters, run electric logs to estimate reservoir properties and the gas water contact and then conduct a production test.

“We are encouraged by the gas shows at Komorze-3K and, based upon the similarity of the mud logs to the Lisewo-1 well, the operator of the well, PGNiG, in co-operation with FX Energy, plans to forego a DST at Komorze and run a full production test once we reach total depth,” remarked Andy Pierce, the Company’s Vice President of Operations.

Komorze-3K targets a satellite structure located less than 4 kilometers from the FX Energy’s 2011 Lisewo-1 Rotliegend gas discovery well. PGNiG is the operator of the well and holds 51% interest and FX Energy holds 49% interest.

FX Energy also announced that the Kutno-2 well is currently drilling in the Zechstein below 5,300 meters. Total depth of the Kutno-2 well is expected to be approximately 6,450 meters. The Company stated that the unknown reservoir and gas quality, along with depth, make Kutno-2 a very high risk well. PGNiG will earn a 50% interest in the Kutno concession in connection with its participation in the Kutno-2 well.

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