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 1, 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)
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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 1, 1997, that a drilling
contract was signed with Wolomin Drilling Company to drill the Gladysze #1-A
well on the Company's Baltic Concession in Poland. Permits have been approved
and site preparation is underway. The Company anticipates drilling operations
will begin by July 15, 1997. FX Energy will operate the well through its Polish
subsidiary, Warmia Petroleum Company Sp. z o.o., and Parker Drilling Company
will act as an advisor.
The well is planned to test a Middle Cambrian sandstone at a depth of
approximately 8,400 feet. Drilling time is expected to be 55 to 60 days,
followed by testing of two to four weeks. The well is the Company's second well
drilled on its 2.4 million acre Baltic Concession. The first well, the Orneta
#1, was drilled earlier this year on a structure approximately 15 miles east of
Gladysze and was plugged and abandoned in April.
RWE-DEA the Company's 50% partner in the Orneta #1 well, did not elect to
participate in the Gladysze #1-A well and therefore forfeits its right to earn a
50% interest in the Baltic Concession.
The Company also announced that at its annual meeting of shareholders held
on June 24, 1997, Andrew W. Pierce, Jerzy B. Maciolek, and J.W. Decker were
reelected as directors for a three-year term. In addition, all of the Company's
proposals, including modernizing its articles of incorporation and measures to
preserve shareholder value, were approved.
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.
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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: July 8, 1997 FX ENERGY, INC.
By:/s/ Scott J. Duncan, Vice President
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