FX Energy, Inc. reports that the Lisewo well has started drilling on FX Energy's 850,000 acre Fences concession in western Poland. The well is planned to test a 3-D defined Rotliegend sandstone structural target. Expected total depth of the well is 3,945 meters. FX Energy owns 49% of the Lisewo well. The Polish Oil and Gas Company is the operator and owns 51%.

'The Lisewo prospect has the best risk-to-reward ratio of any well in the history of the Company,' said David Pierce CEO of FX Energy. 'Because of the potential size of the prospect, a success at Lisewo could lead to one or more additional drilling locations in this same area. We expect to see initial results from the well in 3 to 4 months.'

Tags: FX Energy