Poland's Tuchola-4K Well Performs "Beautifully," Says FX Energy

FX Energy completed the flow portion of the dynamic reservoir test on the Tuchola-4K well located in north central Poland, saying that the results further create momentum and add hopes for exploration in the area.

“The Tuchola-4K well performed beautifully, with flowing volume and flowing wellhead pressure remaining essentially flat throughout,” David Pierce, CEO of FX Energy, said in a note released on Friday. 

According to the company, the well produced at a steady rate of approximately 15 million cubic feet of gas per day (Mmcf/d) and flared a total of 60 Mmcf over a four-day period. 

“If the bottom hole pressures are comparably strong, we will have a very nice well indeed. At this point the well is providing great support for our decision to proceed promptly to development and to expedite further exploration efforts in the area,” Pierce concluded.