Salt Lake City-based FX Energy Inc. (Nasdaq: FXEN) today reported that drilling has commenced on the Mieczewo-1K exploration well. The well is a planned test of a Rotliegend structure at a projected depth of 3,360 meters. The Mieczewo-1K well is located in the western part of the 850,000 acre Fences concession, where the Polish Oil and Gas Co. (PGNiG) is the owner of concession and operator and holds a 51% interest; the company holds a 49% interest.
FX Energy also reported that the Tuchola-3K well which began drilling in late December of 2012 is currently at a depth of 2,053 meters. The Tuchola-3K well is planned to test a Main Dolomite target at approximately 2,550 meters and an independent Devonian oil target at a depth of 3,180-3,820 meters. The Tuchola-3K well is located on one of four blocks that comprise the 880,000 acre Edge concession area in northern Poland. FX Energy holds a 100% interest and operates the Tuchola-3K well and the Edge concession area.
The Company's main exploration and production activity is focused on Poland's Permian Basin where the gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England.
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