FX Energy Suspends Drilling Operations at Sroda-6 Well

FX Energy Suspends Drilling Operations at Sroda-6 Well

FX Energy, Inc. reported that preliminary geophysical work has been conducted at the Sroda-6 well. The result of this initial work indicates that the optimum updip location may be out of reach for a well deviated from the original wellbore. Therefore, the well has been suspended pending the completion of additional geophysical work.

The geophysical data from this well, along with existing 3-D seismic data, show a closed structure slightly to the northwest of the Sroda-6 well location. A pre-stack depth migration study, which is already underway, is being carried out at both Sroda-6 and regionally to determine the highest point on the Sroda-6 structure, and to better define drillsite locations in surrounding structures. Following this additional work, scheduled to be completed in early 2009, a further drilling decision will be made on Sroda-6 and other locations.

FX Energy also reported that the Kromolice-2 is well currently drilling at a depth of approximately 2,400 meters.

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