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): April 14, 1997
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 (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 April 14, 1997, that the
Orneta #1 well, the Company's first test in its Baltic Concession, recovered
water form the Cambrian sandstone reservoir.
The Company began coring the well on April 12 at a true vertical depth of
2,435 meters (7,987 feet) in the top of the Cambrian formation, approximately
44.5 meters high to the off-structure Henrykowo #1 well. While coring, the well
began flowing water at sufficient volume and pressure to require shutting-in the
well. No detectable gas or oil was found on examination of the cuttings or mud.
The Company plans to recover the core, drill approximately 130 meters through
the remaining Cambrian formation to the top of the Precambrian, run the log
suite, and plug the well. Drilling to the Precambrian formation fulfills the
work obligation for the Company to earn the Baltic Concession.
The Company will evaluate data from this well, particularly the reservoir
and production characteristics of the obviously fractured Cambrian sandstone.
This data will help in evaluating the potential of other structures in the
Baltic Concession because it will be the first ever log and core data acquired
and analyzed using western technology.
The Company is currently surveying two new drillsites and plans to drill
two more wells this year in the Baltic Concession to test two additional
structures (including the Gladysze structure) covered in last year's seismic
program. Specific drilling plans will be made immediately after the Company and
its partner have evaluated the Orneta #1 data.
The Orneta #1 is operated by Warmia Petroleum Company, a subsidiary of the
Company, with a 50% working interest. RWE-DEA, a subsidiary of RWE-DEA AG, also
has a 50% working interest in the well. Parker Drilling Company provides
drillsite supervision.
The Company is conducting an exploration study in the Carpathian region of
southern Poland in partnership with the Polish National Oil and Gas Company, and
holds exploration rights in the Lublin and Sudety areas of Poland.
The Company produces oil from fields in Montana and Nevada and is actively
pursuing other oil and gas opportunities in Poland and in 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: April 15, 1996 FX ENERGY, INC.
By: /s/ Scott J. Duncan, Vice President
