FX Energy Reports Results of Plawce-2 Well Test

July 11, 2013

FX Energy, Inc. (NASDAQ: FXEN) has reported that its testing of three fracked Rotliegend intervals in the Plawce-2 well in Poland has been completed. The two lower zones in the well produced only formation water.

The top interval, where log interpretation indicated more than 60 meters of gas saturated sandstone at the top of the Rotliegend, flowed only non-commercial levels of gas along with formation water. “We are analyzing the test results and other data to see if any further activities might be warranted in the tight gas areas of the Fences concession,” said Andy Pierce VP of Operations, “but these test results are disappointing to FX Energy and to our partner, PGNiG SA, the national oil company in Poland.”

The Polish Oil and Gas Company, PGNiG SA, is the operator and owns 51% of the working interest in the Fences concession, which covers 850,000 acres or 1,647 square kilometers; FX Energy owns 49% of the working interest.

Source: FX Energy, 2013.