FX Energy Inc. (Nasdaq: FXEN) has announced that drilling is underway at the Karmin-1 well in the Salt Lake City-based company's Fences license in western Poland. The well is a planned test of a Rotliegend sandstone target at an estimated depth of 2,460 meters. The prospect is located on trend with the Zaniemysl-3 and Roszkow wells, two of the company's highest-producing discoveries.
The Karmin-1 well is the first of three wells in the Fences area that are planned to begin drilling operations prior to the end of 2014. All of these wells are 51% owned and operated by PGNiG.
In addition to the Fences wells, FX Energy also plans to begin drilling two wells in the company's 100% owned Edge license in western Poland. The Edge license covers approximately 730,000 acres.
Recommended Reading
MidOcean Appoints Lumens to CFO
2024-05-14 - Armand Lumens most recently served as the group CFO of Neptune Energy, where he helped develop the company’s financial and IT strategies.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.
Dividends Declared in the Week of July 22
2024-07-25 - Second quarter earnings are underway, and companies are declaring dividends.
Trio Co-founder Robin Ross Rejoins Company as Chairman, Board Director
2024-06-20 - Robin Ross became chairman of Trio Petroleum Corp.’s board of directors on June 17.
Cheniere Increases Share Repurchase Budget by $4B Through 2027
2024-06-18 - Cheniere will also increase its quarterly dividend by approximately 15% to $2 per share annualized.