SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT UNDER TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): October 9, 1996
Commission File Number: 0-25386
FX ENERGY, INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA 87-0504461
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
3006 HIGHLAND DRIVE
SUITE 206
SALT LAKE CITY, UTAH 84106
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code:
(801) 486-5555
N/A
(Former name, former address, and formal fiscal year, if changed since
last report)
ITEM 5. OTHER EVENTS
COBB CREEK WELL
The Company began drilling the Cobb Creek Federal 11-1, in Lincoln County,
Nevada, with the Company's Rig #5 on October 1, 1996. The Cobb Creek 11-1 was a
rank wildcat designed to test a large (nine square mile) subsurface anticlinal
structure defined by seismic and gravity. The top of the target structure was
estimated to lie approximately 1,800 feet under valley fill; the age and
character of the geologic formations within the structure were unknown. The
Company planned to drill into the structure, identify the uppermost formations,
and evaluate the potential for deeper hydrocarbon-bearing reservoirs. Drilling
and testing were estimated at approximately 30 days.
The anticipated principal reservoir, a Devonian Guilmette, was penetrated
at a shallower depth than expected indicating that the entire upper-paleozoic
section of the structure was missing. At a depth of 959' a strong water flow
was encountered and since no internal seals are known within the Guilmette which
would provide a trap for hydrocarbons, additional drilling below the water zone
was not warranted. Therefore, the well has been plugged.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: October 9, 1996 FX Energy, Inc.
By: /s/ David N. Pierce, President
