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 1, 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 1, 1997, that the
Orneta #1 well was in the Ordovician formation at a true vertical depth of
2,379 meters (7,805 feet). This is an estimated five meters (16 feet) above the
potential sandstone reservoir in the Cambrian.
The Orneta #1 is the first oil and gas exploratory well drilled in Poland
by a western company. As such, the Company will use the data obtained from this
well to review and reinterpret older, non-western style data from other wells
and other concessions. Accordingly, the Company plans to take every reasonable
measure to obtain the best quality data possible.
The Company plans to condition the well bore, run logs, set and cement
casing, drill out, and replace the current mud system with a KCl polymer. These
steps, expected to completed in seven to nine days, will allow the Company to
drill into the Cambrian under the cleanest possible circumstances.
The Company then plans to drill into the Cambrian horizon with a core
barrel, cut two nine-meter cores and, if warranted, run a drill stem test
through the cored interval. Thereafter, as the Company drills through the
potential reservoir, it will take additional cores and drill stem tests as
warranted.
The entire process of drilling through the potential reservoir, which will
begin in seven to nine days, may take several weeks because of the extensive
testing which may be conducted. The Company plans to release any significant or
definitive data as it is obtained during this process.
The Orneta #1 is operated by Warmia Petroleum Company, a subsidiary of the
Company; drillsite supervision is provided by Parker Drilling Company.
FX Energy is also conducting an exploration study in the Carpathian region
of southern Poland in partnership with the Polish National Oil and Gas Company,
and operates two other concessions in Poland.
FX Energy produces oil from fields in Montana and Nevada and is actively
pursuing other oil and gas opportunities in Poland and the 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 1, 1996 FX ENERGY, INC.
By: /s/ Scott J. Duncan, Vice President
