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 18, 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 (Zip Code)
Executive 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 18, 1997, the signing of
an agreement with Apache Corporation, whereby Apache will earn a 50% interest in
the Company's Lublin concession in eastern Poland which covers approximately 2
million acres. The oil and gas exploration rights to the concession area were
acquired by the Company from the Ministry of Environmental Protection, Natural
Resources and Forestry on December 20, 1996.
Terms of the agreement call for Apache to become the operator of the
concession, shoot 300 miles of 2D seismic, and drill at least one well. Apache
must drill a second well prior to the third quarter of 1998 in order to earn its
50% interest. Anticipated cost of Apache's exploration commitment over the next
year is approximately $5 million.
The Company and Apache have created an area of mutual interest covering
approximately 4 million additional acres on adjacent blocks.
The Company recently drilled a well with its 50% partner, RWE-DEA, on the
Company's 2.4 million acre Baltic Concession which recovered water from the
Cambrian sandstone. Two additional exploratory wells are scheduled to be
drilled on the Baltic Concession during 1997. The Company is conducting an
exploration study in the Carpathian region of southern Poland in partnership
with the Polish National Oil and Gas Company.
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 23, 1996 FX ENERGY, INC.
By:/s/ Scott J. Duncan, Vice President
