Stock Report: FX Energy Inc. (FXEN) Report Updated: Jun 17, 2013 | Print This Page

FX Energy, Inc. engages in the exploration and production of oil and gas properties primarily in Poland and the United States. The company primarily focuses on the exploration of Rotliegend sandstones in the Permian Basin, Poland. As of December 31, 2011, its estimated proved reserves were 53.5 billion cubic feet of natural gas equivalent, including 49.6 billion cubic feet of natural gas and 0.6 million barrels of oil. The company holds oil and gas exploration rights in a range of project areas comprising approximately 4.6 million gross acres in Poland, as well as produces oil from approximately 10,732 gross acres in Montana and 400 gross acres in Nevada. It also provides contract oilfield services, including drilling, workovers, location work, cementing, and acidizing. The company was founded in 1989 and is headquartered in Salt Lake City, Utah.