Seeking Alpha

FX Energy -3.5% after reporting Polish well progress

  • In an update on current operations in Poland, FX Energy (FXEN -3.5%) says the Lisewo-2 well is drilling ahead at a depth of ~2,916 meters toward a target depth of 3,880 meters.
  • The objective is a Rotliegend structure identified on 3D seismic and previously drilled by the Lisewo-1 discovery well.
  • The Lisewo-2 well is located in the Fences concession where the Polish Oil and Gas Co. is the operator and owns 51% of the working interest; FXEN owns 49%.
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