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    FX Energy Reports Results from DST at Tuchola-3K Well

    Investing News Network
    Apr. 29, 2013 11:55AM PST
    Oil and Gas Investing

    FX Energy, Inc. (NASDAQ:FXEN) announced results from a drill stem test on their Tuchola-3K well in Poland.

    As quoted in the press release:

    FX Energy, Inc. (NASDAQ:FXEN) announced results from a drill stem test on their Tuchola-3K well in Poland.

    As quoted in the press release:

    Gas flowed at a rate of approximately 5 million cubic feet per day with traces of condensate from a dolomite section in the Ca1/Upper Devonian.  The Company now will run a 7″ liner to a depth of approximately 2,700 meters and conduct a full production test over the next several days to determine whether to complete the well as a commercial discovery.

    FX’s CEO, David Pierce, said:

    We have not yet determined if the well is commercial but we are cautiously optimistic and therefore will run a liner to allow more thorough testing. We are also reviewing a range of possible follow-on actions, including other potential drilling locations, to appraise the scope and potential of this Ca1/Upper Devonian zone both nearby and right across our Edge concessions. We will have plans ready for a prompt response if the production test is encouraging.

    To view the whole press release, click here.

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