FX Energy, Inc. says that drilling is underway at the Karmin-1 well in the Company's Fences license in western Poland. The well is a planned test of a Rotliegend sandstone target at an estimated depth of 2,460 meters. The prospect is located on trend with the Zaniemysl-3 and Roszkow wells, two of the Company's highest producing discoveries.

The Karmin-1 well is the first of three wells in the Fences area that are planned to begin drilling operations prior to the end of 2014. All of these wells are 51% owned and operated by PGNiG.

In addition to the Fences wells, FX Energy also plans to begin drilling two wells in the Company's 100% owned Edge license in western Poland. The Edge license covers approximately 730,000 acres.

Tags: FX Energy