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%.