FX Energy, Inc. report that the Angowice-1 well was drilled to approximately 3,880 meters and will be plugged and abandoned. The well did not find significant porosity in any of its potential reservoir zones. However, the Angowice well did encounter some organic rich shales and hydrocarbon shows, indicating an active hydrocarbon source system.

More important, the well provides critical downhole data in an area where there was no previous deep drilling. The Company will move forward with its exploratory drilling program in the Edge license while it continues to integrate data from the Angowice well. The Angowice-1 well is located in the Edge license in northwestern Poland where FX Energy is the operator and owns 100% of the working interest.

"The Angowice-1 well gives us a very important data set to calibrate our seismic data and help us develop a much better picture of the geological setting in the Edge license area," said David Pierce, Chief Executive Officer.

Tags: FX Energy