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Stock Market & Financial Investment News

News Breaks
December 27, 2012
10:37 EDTFXENFX Energy begins drilling Tuchola-3K well
FX Energy reported that the drilling rig from the Kutno-2 well has been moved to the Tuchola-3K location and drilling operations are underway. The main target reservoir of the Tuchola-3K well is the Main Dolomite at a projected depth of 2,550 meters. The well is also planned to test a Devonian oil target at a depth of approximately 3,150 meters. The Tuchola-3K well is located on the company's 100% owned Edge concession in northwestern Poland. The company has identified several prospects within the Edge concession acreage. FX Energy is the operator of the Edge concession. The company also reported that the Mieczewo-1 well is scheduled to begin drilling within the next several weeks.
News For FXEN From The Last 14 Days
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July 21, 2014
07:09 EDTFXENFX Energy expects to see strong growth in reserves this year
FX Energy announced its drilling schedule through the end of 2014. The Company plans to start drilling two wells in August, one well in September and two more wells in the Q4. "We expect to see strong growth in reserves this year," said the company. "We have a great drilling schedule through year end and we think our track record gives us a reasonable expectation that this year's drilling should add significantly to reserves. We also expect to book reserves from our two Tuchola wells at year-end."

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