FX Energy Reports 3 Mmcf/d Initial Rate at Poland’s Lisewo-2

FX Energy reported good results in Poland, announcing that the Lisewo-2 well has started production at an initial gross rate of over 3 million cubic feet of gas per day (Mmcf/d).

‘The company’s 49% share of this new production represents a 12% increase over the company’s average daily rate of 12.9 Mmcf/d equivalent during the first half of 2014. The Lisewo-2 well was completed in December 2013 and started delivering gas to the Lisewo facility just nine months later, the shortest time for any of the Fences wells to date,’ reads the note released on Monday.

FX Energy, which is also drilling other two wells and completing another site preparation, welcomed the news and reiterated its commitment to Poland. The company intends to continue works at Karmin-1, Baraniec-1 and Angowice-1 wells. 

“Our team in Poland has worked hard and creatively in cooperation with the PGNiG team to shorten the time from well completion to first production,” Zbigniew Tatys, Country Manager for FX Energy, commented. 

Despite the enthusiasm, FX Energy’s production in Poland decreased over the 12 months to August 2014.