Poland Gas Focused FX Energy Puts Up For Sale Sign

US based independent oil and gas company FX Energy, Inc. which is focused on Poland. has  commenced a process to explore a possible sale of the Company or other transaction.

FX’s main exploration and production activity is focused on Poland's Permian Basin where the gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England.

Its primary assets is inn the Fences license, where Polish Oil and Gas Company (PGNiG)  is the owner and operator of the concession and the Company owns 49% of the working interest.

FX Energy recently announced that it had started drilling Miloslaw-4K conventional well, one of the largest conventional prospects it has drilled with PGNiG.