The new well is located on a separate structure approximately 1km to the south of the Kromolice-1 well.
The Kromolice-2 well is the third well to be drilled as per recently acquired 3-D seismic data in the company’s Fences Concession in western Poland. The Pars Oil and Gas Company owns 51% of the concession, and operates the wells; while FX Energy owns 49%.
David Pierce, CEO of FX Energy, said: It is gratifying to have reached the point in our growth trajectory where debt is available and appropriate to use in judicious amounts. Given the level of success we have seen so far in the Sroda area, we hope to increase the pace of operations there.
