FX Energy Kutno-2 Well Cemented

FX Energy has said today that it has completed setting the liner today through the Zechstein section of its Kutno-2 well in Poland.

The company said that the well has now been cemented to a depth of 6,209.5 metres. The cementing of the well is one of the steps in the process of preparing the well for coring. Next, FX says that it will drill out the cement inside the 7" liner and running a cement bond log once the cement sets on the Zechstein section. The company expects to begin coring on the well later this week or early next week.

FX Energy is currently the 100 per cent owner of the Kutno licence. However, due to an agreement with PGNiG, PGNiG will earn a 50 per cent interest in the concession area due to it carrying some of the cost of the drilling process on Kutno-2.

As part of its update, FX Energy also said that work continues on two other wells in Poland, the Komorze-3 well and the Frankowo-1 well. The company is currently analysing the Komorze-3 well which it finished drilling earlier this month and which is now undergoing production testing by partner PGNiG. FX says that results of this production testing will be available in the next two weeks.

FX Energy holds a 49 per cent stake in the Komorze licence. Partner and operator of the licence PGNiG holds a 51 per cent stake.

The company also said today that it has so far reached a depth of 314 metres on the Frankowo-1 well, a well that was spudded last week. The well is expected to reach a total target depth of 2,100 metres. FX Energy is the 100 per cent owner and operator of the Frankowo licence.