SOURCE: FX Energy, Inc.

January 25, 2007 08:33 ET

FX Energy Reports Commercial Gas Discovery at Winna Gora

SALT LAKE CITY, UT -- (MARKET WIRE) -- January 25, 2007 -- FX Energy, Inc. (NASDAQ: FXEN) today reported that the log of the Winna Gora well shows net productive reservoir in the Rotliegend sandstone of 31.5 meters with average porosity in the well of 17.8 percent and intervals up to a maximum of 29 percent. In the near future the well will be completed for production and a full production test run. "Based upon the log data Winna Gora is a commercial discovery and compares quite favorably with Sroda-4. We are absolutely delighted," said David Pierce, president of FX Energy.

The Polish Oil and Gas Company is the operator and owns 51% of the Winna Gora well; FX Energy owns 49%.

About FX Energy

FX Energy, Inc. holds a land position of 250,000 acres around its Wilga discovery and over 3.2 million acres in a known hydrocarbon region in western Poland's Permian Basin. The Permian Basin's gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England, and represents a largely untapped source of potentially significant gas reserves. FX Energy is exploiting this untapped potential in the belief that it can create substantial growth in oil and gas reserves and cash flow for its stockholders. The Company trades on the NASDAQ Global Market under the symbol FXEN.

For a discussion of the contingencies and uncertainties to which information respecting future events is subject, see FX Energy's SEC reports or visit FX Energy's website at This release 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 other SEC reports.

Contact Information

  • Contact:
    FX Energy, Inc.
    3006 Highland Drive, Suite 206
    Salt Lake City, Utah 84106
    (801) 486-5555
    Fax (801) 486-5575