SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): July 20, 1999
Commission File Number: 0-25386
FX ENERGY, INC.
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(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 Offices) (Zip Code)
Registrant's Telephone Number, including Area Code:
(801) 486-5555
N/A
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(Former name, former address, and formal fiscal year, if changed since
last report)
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ITEM 5. OTHER EVENTS
FX ENERGY, Inc., announced on July 20, 1999, that two new exploratory wells had
commenced drilling in the Company's Lublin Project Area in southeastern Poland.
The Witkow #1 well is operated by Apache Corp. and will test a Devonian reef
formation at an approximate depth of 2,600 meters. FX Energy owns a 42.5%
working interest in the Witkow #1 well. The second well, Siedliska #2, is
operated by the Polish Oil and Gas Company (POGC) and will test a Cambrian
formation at a depth of approximately 3,000 meters. FX Energy owns a 33.33%
working interest in the Siedliska #1 well. Apache is carrying FX Energy's cost
of drilling both wells.
FX Energy has also elected to participate in a third well currently being
drilled by POGC in the Carpathian region of southern Poland. FX Energy will pay
its proportionate cost in this well, the Andrychow #6, to earn a 5% working
interest.
Testing and appraisal of the potential for commercial production from shut-in
gas wells in the Lachowice area of the Carpathian Project Area that began in
June of this year is continuing. The Company expects that it will take several
months before definitive results from this program are available.
FX Energy and its partners are exploring and evaluating approximately 15.8
million acres in Poland - the equivalent of about twenty percent of this central
European country. Beginning now and continuing over the next twenty months FX
Energy plans to participate in drilling or reentering at least 11 wells. In
addition, FX is pursuing low risk production enhancement/ development projects
to complement its ongoing long-term exploration program in Poland.
SIGNATURES
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 21, 1999 FX ENERGY, INC.
By: /s/ Scott J. Duncan, Vice President
