On Oct. 13, FX Energy (NASDAQ: FXEN) provided updates on wells in Poland’s Fences and Edge licenses.
The Karmin-1 well in the Edge license was drilled, cored and logged. It is scheduled to begin producing in early 2016. Operator, and 51% stake owner, Polish Oil and Gas Co. (PGNiG) is testing flow rates and reserves, FX Energy said, noting that it owns a 49% interest in the well.
Results showed 30 meters of gas-bearing Rotliegand sandstone with up to 30% porosity, and the well flowed 6.7 million cubic feet per day of gas (MMcf/d) on a 22/64-inch choke with no water.
On the Baraniec-1 well, which began drilling last month in the Edge license, casing was run to 3,894 meters at the base of the Zechstein. The well, a planned test of a Rotliegend sandstone structure, will be connected to the Lisewo production facility and could be in production by the end of 2015, the company said.
On the Angowice-1 well, drilling will begin soon. FX Energy said it is targeting a 3-D defined Devonian reefoidal buildup at 3,084 meters projected depth.
The Angowice-1 similar to the productive horizon at the Tuchola Field, which is about 12 kilometers southeast. The two wells, in the Edge license, could share production facilities, the company noted. FX owns all of the working interest, the company noted.
FX Energy Corp. is based in Salt Lake City.
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The drilling campaign is estimated to cost about US$1.2 billion.