FX Energy Steps Up Efforts to Capitalize On Polish Gas Momentum

US-based FX Energy said on Monday that drilling at Tuchola-4K in north central Poland is expected to begin in approximately two weeks.

After completing the road and location work, it is moving forward to exploring the lower Permian Zechstein Ca2. According to the Salt Lake City-headquartered oil company, the Zechstein structure has potential for up to 90 billion cubic feet of recoverable gas on full development (unrisked).

‘Tuchola-4K is an offset location to the Tuchola-3K discovery well drilled in 2013. The company plans to drill and test the Tuchola-4K well during the first half of 2014. Approximately 110 square kilometers of high definition 3D seismic has been acquired and interpreted in this area. This is part of a total 220 square kilometer seismic program to identify additional targets in the Edge concessions. The Edge concessions, where the Tuchola wells are located, are 100% owned and operated by FX Energy,’ reads a note released on Monday.

FX Energy reported in May 2013 that the Tuchola-3K well flowed gas at rates ranging from 3.8 to 5.5 million cubic feet of gas per day with no water during a production test.

Poland’s Environment Minister Maciej Grabowski has declared on Monday that 2014 could turn out to be the breakthrough year in terms of exploration and production of shale gas in the Eastern European country.