Oil and Gas: FX Energy announces Miloslaw well has started drilling.

Source:FX Energy, Inc.

FX Energy, Inc. (FXEN) announced that the Miloslaw-4K well has started drilling.  The well is a planned test of a Rotliegend sandstone target at a projected depth of 3660 meters.  The well is located in the Fences license approximately 15 kilometers northwest of the producing wells at Lisewo-1 and 2.

The Miloslaw-4K well will test one of the largest conventional prospects FX Energy has drilled with the Polish Oil and Gas Company (PGNiG).  If successful, the well could also add a substantial increase to production on top of the increase already planned next year from the Karmin-1 well.  The Miloslaw-4K well is located in the Fences license where PGNiG is the operator and owns 51% of the working interest, FX Energy owns 49%.

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