FX Energy, Inc. has selected a drill site for its third well in the Edge license. The Company's two previous wells in the license, Tuchola-3K and Tuchola-4K, both are commercial and in development for production.

The new well, Angowice-1, targets a Devonian reefoidal buildup, similar to the productive horizon at the Tuchola field. The Angowice-1 is located approximately 12 kilometers west of the Tuchola wells and is one of four similar prospects clustered together.

The Angowice-1 well will be drilled to a depth of approximately 4,000 meters into the middle Devonian. Drilling is expected to commence at the end of September, subject to required permits and contractor agreements. If the well is commercial it will likely be tied into the production facility to be built for the Tuchola wells, approximately 12 kilometers to the east.

Tags: FX Energy