FX Energy and RWE-DEA start operation in Poland

Nov 21, 1996 01:00 AM

FX Energy, and RWE-DEA Aktiengesellschaft fur Mineraloel und Chemie, Hamburg, Germany, have jointly announced the commencement of operations on the first well on their 2.4 million acre concession in northern Poland. FX Energy and RWE-DEA met last week in Hamburg to conduct a final joint review of the structures identified with their recently acquired seismic data and to evaluate those structures in the context of the known producing fields in Kaliningrad, Lithuania and Latvia. The parties selected the "Henrykowo" area, a large seismic feature east of Gladysze, as the first test area. The Orneta #1 is planned to test a Middle Cambrian sandstone at a depth of approximately 9,000 feet. The well is operated by FX Energy through its Polish operating subsidiary. Parker Drilling Company will act as an adviser to FX Energy and its Polish drilling contractor, Wolomin Drilling. In addition to its 2.4 million acre concession in northern Poland, FX Energy has a number of other exploration projects in Polandand in the western US. RWE-DEA AG, a subsidiary of RWE AG headquartered in Hamburg, is a fully integrated major German petroleum company with world-wide chemical activities and many subsidiaries and affiliates in Germany and abroad.

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