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): December 20, 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)
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ITEM 5. OTHER EVENTS
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On December 20, 1996, the Minister of Environmental Protection, Natural
Resources and Forestry of Poland awarded FX Energy, Inc., announced exclusive
oil and gas exploration and exploitation rights to eight concession blocks
totaling approximately 2 million acres. The concession is located in
southeastern Poland near the city of Lublin, and will be held by FX Energy's
Polish subsidiary, Lubex Petroleum Company.
FX Energy plans to form a strategic alliance with an industry partner to
explore the Lublin Concession. FX Energy will begin reinterpreting and
reprocessing existing data from the concession area immediately and expects to
conduct a multi-well drilling program in 1997.
FX Energy will have access to existing data from in and around the
concession blocks including more than 3,000 kilometers of seismic data and logs
of all wells previously drilled in the concession area, none of which resulted
in commercial production. The nearest known hydrocarbon discoveries, located 15
to 30 kilometers east of the concession, include two gas accumulations
(Ciecierzyn, discovered in 1984 and Melglew, discovered in 1991) and an oil
accumulation (Stezyca, discovered in 1994). Potential source rocks in the
concession area include Ordovician, Silurian, upper Devonian, and Carboniferous;
potential reservoir rocks include Cambrian, Devonian, and Carboniferous
sandstones as well as Devonian carbonates.
FX Energy also provided a status report on the Orneta #1 well, the FX
Energy's first test well of its 2.4 million are concession in the Warmia region,
southeast of Gdansk in northern Poland. Drilling has been delayed approximately
45 days (the location had to be moved approximately 150 meters for better ground
drainage, which required re-permitting). FX Energy now anticipates rig move-on
to start about mid-January with an expected spud date at the end of January.
The Polish government concessionary authority has acknowledged that FX Energy
has satisfied its 1996 performance requirements. The Orneta #1 is operated by
Warmia Petroleum company, a subsidiary of FX Energy.
FX Energy also is conducting an exploration study in the Carpathian region
of southern Poland in partnership with the Polish National Oil and Gas Company.
FX produces oil from fields in Montana and Nevada and is actively pursuing
other oil and gas opportunities in Poland and the western United States.
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SIGNATURES
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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: December 23, 1996 FX Energy, Inc.
By: /s/ David N. Pierce, President
