FX Energy Provides Poland Drilling Status

FX Energy today provided an update on drilling on Kutno-2 and Plawce-2 wells in Poland.

The Kutno-2 well has reached a depth of 1,148 meters. Current plans are to set 13 3/8ths inch casing at approximately 1,600 meters, then change out the drilling rig. Nafta Pila’s IDM 2000 rig with a 500 ton load capacity will drill to an estimated total depth of approximately 6,500 meters.

The Kutno-2 well is planned to test a large (approximately 35,000 acres or 140 square kilometers) 2-D defined Rotliegend structure at a depth of approximately 6,500 meters (21,000 feet) in the Company’s 700,000 acre Kutno concession.

FX Energy is the operator and holds 50% of the Kutno concession; PGNiG holds 50% interest.

At the Plawce-2 tight gas well, drilling is at total depth of 4,200 meters, with approximately 480 meters of Rotliegend sandstone. Gas shows and no water were evident on logs and in cores and a DST at 4130-4145 meters. Current plans are to frac at least one and possibly up to three zones in the upper portion of the Rotliegend. After testing, the well is expected to be completed as a vertical producer.

“The absence of free water in the Rotliegend, combined with higher than anticipated porosities and a much thicker pay zone than anticipated, support our confidence in the tight gas play in our Fences concession area,” said David Pierce, CEO.

The Plawce-2 well is located on an uplifted tight Rotliegend block within the 850,000 acre Fences concession.

FX Energy holds a non-operating 49% interest in the Fences concession and the Plawce-2 well; PGNiG operates and holds 51% interest.

Source: FX Energy