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): March 6, 2000
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 Identification
incorporation or organization) No.)
3006 HIGHLAND DRIVE
SUITE 206
SALT LAKE CITY, UTAH 84106
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, including Area Code:
(801) 486-5555
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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
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FX ENERGY, INC. announced March 6, 2000, FX Energy and partner Apache Corp.
(NYSE: APA) have been invited to join with the Polish Oil and Gas Company (POGC)
in an ongoing exploration program in western Poland. Western Poland accounts for
approximately 56% of Poland's natural gas production and 80% of Poland's
reserves. This area of Poland, referred to by FX as the Radlin Area, because of
the 420 bcf Radlin field that lies within the acreage boundaries, contains a
number of leads defined by 2D and 3D seismic. Representatives from FX, Apache
Corp. and POGC are scheduled to meet in Poland in the next two weeks to review
the prospects. FX Energy CEO David Pierce noted that, "This invitation could be
a very significant event for us for two major reasons. One, it will allow us to
get into operations almost immediately, drilling up to four additional wells
this year. Secondly, the invitation gives us a first right of refusal to
acquire an interest in the Radlin and Kleka fields that have total reserves of
over 450 bcf of gas when POGC begins privatization, which we believe will
commence later this year." FX and Apache have also been working toward
establishing a strategic partnership with POGC apart from the Radlin Area.
In January of this year, FX Energy announced a gas discovery on its Wilga 2
well in Poland's Lublin Basin where FX Energy has concessions covering several
hundred thousand acres. According to Mr. Pierce, data from a well located 5 km
from Wilga 2 indicate the possibility for significant reserves to be present
between the two wells. The extension of the reservoir could mean larger
reserves than the original 30 to 50 bcf estimates. "Additional seismic and
drilling will be required," said Mr. Pierce, noting that "FX will begin
acquiring additional seismic over the entire Wilga area as soon as crews are
available." The Wilga 3 appraisal well is currently drilling.
FX Energy and its partners are exploring and evaluating approximately 15.8
million acres in Poland. Its shares are traded on NASDAQ.
Apache Corporation is a large oil and gas independent with operations in
the United States, Canada, Egypt, Western Australia, Poland and the People's
Republic of China. Its common shares are traded on the New York and Chicago
stock exchanges.
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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: March 7, 2000 FX ENERGY, INC.
By /s/ Scott J. Duncan, Vice-President
