FX Energy, Inc. reported that drilling, coring and logging of the Karmin-1 well have been completed. Results of these operations show 30 meters of gas-saturated Rotliegend sandstone with porosity of up to 30%.

The well flowed at a rate up to 6.7 mmcfg/d on a 22/64" choke with no water. It will now be completed for production and is expected to start producing early in 2016.

PGNiG, the operator and 51% owner of the well, is running a full production test to determine flow rates and reserves. The test is expected to be completed on October 14, 2014. FX Energy owns a 49% interest in the Karmin-1 well.

Tags: FX Energy