FX Energy Updates Drilling Operations on Kutno, Plawce-2 and Alberta Bakken Wells

FX Energy, Inc. (NASDAQ:FXEN) provided an updated status report on the company’s drilling operations in Poland and the U.S.

The press release is quoted as saying:

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 500 ton load capacity will drill to estimated total depth of approximately 6,500 meters.

The Plawce-2 tight gas well 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.

FX Energy’s CEO, David Pierce, said,

“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,”

Click here to access the entire press release