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): July 22, 1997
Commission File Number: 0-25386
FX ENERGY, INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA 87-0504461
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
3006 HIGHLAND DRIVE
SUITE 206
SALT LAKE CITY, UTAH 84106
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(Address of Principal Executive (Zip Code)
Offices)
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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FX Energy, Inc. (the "Company") announced on July 22, 1997, that the Ministry of
Environmental Protection, Natural Resources and Forestry awarded the Company
exclusive oil and gas exploration rights to 16 new concession blocks totaling
approximately 3.5 million acres. The new acreage adjoins the eastern portion of
the Company's existing 2 million acre concession in southeastern Poland near the
city of Lublin as indicated on attached map.
In total, the Company now has an interest in 24 concession blocks that run
contiguously from midway between Warsaw and Lublin in a southeasterly direction
to the Polish border. This area of approximately 5.5 million acres covers most
of the Polish portion of the Lublin Basin, a known oil and gas producing basin
that is still largely under-explored.
The Polish Oil and Gas Company (POGC) has the option to join as a 1/3 working
interest owner in the new acreage.
The new 3.5 million acre area carries a work commitment during The first three
years of five wells and 1,150 km of seismic, along with fees and payments of
approximately $500,000. This is in addition to the two wells and 500 km of
seismic which Apache Corporation has agreed to fund in the existing 2 million
acre concession area also near Lublin.
There is currently oil and gas production in the Lublin Basin from concession
blocks held by POGC. Potential source rocks in the concession area include
Ordovician, Silurian, Devonian, and Carboniferous; and potential reserve rocks
include Cambrian, Devonian, and Carboniferous sandstones as well as Devonian
carbonates.
The Company also operates and owns a 100% interest in the 2.4 million acre
Baltic Concession in northern Poland where the Gladysze #1-A well is currently
drilling.
FX Energy produces oil from fields in Montana and Nevada and explores for oil
and gas in the western United States and Poland.
For a discussion of the contingencies and uncertainties to which information
respecting future events is subject, see FX Energy's 1996 annual report on Form
10-KSB and other SEC reports.
[Attached map of Poland shows outline of the Company's concessions, exploration
rights, and study areas together with the outline of oil and gas rights held by
certain others.]
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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: August 8, 1997 FX ENERGY, INC.
By: /s/ Scott J. Duncan, Vice President
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