FX Energy Reports Flows Rates at Tuchola-3K Well

FX Energy, Inc. has reported that the Tuchola-3K well flowed gas at rates ranging from 3.8 to 5.5 million cubic feet of gas per day with no water during a production test.

The Company plans to collect the final data from the downhole pressure gauges and finish completing the well for production.

“The Tuchola-3K test raises the real possibility of opening a significant new exploration play for us in Poland,” said David Pierce, President and CEO of FX Energy. “We intend to follow up the successful test with 3-D seismic acquisition covering approximately 100 square kilometers and drill one or two more wells this year in the Edge concession area in north-central Poland where the Tuchola-3K is located. The additional seismic and drilling will help us to determine the potential of this area and specifically the reserves in the structure where the Tuchola-3K well is being completed for production.”

FX Energy is the operator and owns 100% of the working interest in the Tuchola-3K well and the four Edge concession blocks, which cover 880,000 acres or 3,567 square kilometers.