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): June 5, 2000
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 Offices) (Zip Code)
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)
<PAGE>
--------------------------------------------------------------------------------
ITEM 5. OTHER EVENTS
--------------------------------------------------------------------------------
Wilga #3 Well Update, Commencement of Wilga #4, and Kleka #11 Well Update
On June 5, 2000, FX Energy, Inc. reported that the Wilga #3 well in Poland will
be abandoned as a dry hole. The well encountered good reservoir rock in
Carboniferous sands and a Lower Devonian sand package in a separate fault block,
but on testing no hydrocarbons were recovered. Management believes the absence
of hydrocarbons in the Wilga #3 is related to faulting and therefore does not
alter the expectation that the Wilga #2 discovery is indicative of a larger
hydrocarbon accumulation. Accordingly, the next well, the Wilga #4, is scheduled
to begin drilling in approximately two weeks to a downhole location east of the
Wilga #2 discovery, on the opposite side from the Wilga #3. FX Energy owns a 45%
interest in the Wilga project.
FX Energy also reported nearing target depth on the first well in its new
"Fences" area in the Permian producing region of western Poland. Intermediate
casing was set several meters above the target formation in the Kleka #11 well;
when drilling resumed toward the Rotliegendes target, the well encountered a
fractured six-inch Dolomite inclusion in a Lower Anhydrite formation. An inflow
of gas with H2S from this interval was detected and in order to avoid
contamination of potential production from the Rotliegendes, pressure is being
relieved to allow drilling to proceed. This procedure has been used successfully
in a nearby field and is not expected to delay drilling into the target
formation by more than two weeks. FX Energy has a 49% interest in the well and
the Polish Oil and Gas Company operates and has a 51% interest.
FX Energy and its partners are exploring and evaluating approximately 16.1
million acres in Poland. Its shares are traded on Nasdaq.
-------------------
This report contains forward-looking statements. Forward-looking statements are
not guarantees of future drilling or other exploration or development results,
the actual presence or recoverability of estimated reserves, the ability to
establish reserves equal to the potential of exploration targets, production
amounts or revenues, construction costs or schedules or similar matters.
Forward-looking statements are subject to risks and uncertainties outside FX
Energy's control. Actual events or results may differ materially from the
forward-looking statements. For a discussion of additional contingencies and
uncertainties to which information respecting future events is subject, see FX
Energy's 1999 annual report on Form 10-K and other SEC reports.
2
<PAGE>
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: June 6, 2000 FX ENERGY, INC.
By /s/ Scott J. Duncan
--------------------
Scott J. Duncan, Vice-President
3
