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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (46214)	6/10/1999 1:13:00 PM
From: The Ox	Respond to of 95453

FX Energy Reports Start-up of Operations On Lachowice Project in Southern Poland SALT LAKE CITY, June 10 /PRNewswire/ -- FX Energy, Inc. (Nasdaq: FXEN) announced today the arrival on location of the first loads of equipment to begin testing and recompletion work on two wells on an undeveloped shut-in Polish Oil and Gas Company (POGC) gas discovery located in the Carpathian region of southern Poland on POGC's Lachowice Concession. Production testing of the Lachowice #7, the first well to be evaluated, is projected to begin the week of June 21. Testing on the second well, the Stryszawa #2K, will follow. FX and Apache also have the option to reenter a third well, the Lachowice #1. The well tests will be comprehensive due to the potential for additional exploration in the area and may take several months before definitive results are available. The potentially productive zones in the three wells are in a Devonian reef structure ranging from depths of 10,000 to 13,000 feet. The Lachowice Farm-in is the first agreement signed by POGC to jointly develop Poland's oil and gas resources in partnership with foreign companies. To earn a one-third interest in the Lachowice project with POGC, FX Energy and Apache Corp. (NYSE: APA) will each pay fifty percent of the costs to (1) test and recomplete up to three wells (2) drill three additional wells and (3) construct gathering and processing facilities, if warranted. FX Energy explores for oil and gas in Poland where it has exploration rights in five project areas: Lublin, Carpathian, Pomeranian, Warsaw West and Baltic. For more information about FX Energy, visit FX Energy's web site at www.fxenergy.com. Apache is a large oil and gas independent with operations in North America, Egypt, Western Australia, Poland, People's Republic of China, and Cote d'Ivoire. For more information about Apache, visit Apache's web site at www.apachecorp.com. For a discussion of the contingencies and uncertainties to which information respecting future events is subject, see FX Energy's 1998 annual report on Form 10-K and other SEC reports. SOURCE FX Energy, Inc. CO: FX Energy, Inc.; Apache Corp. ST: Utah, Poland IN: OIL SU: 06/10/99 07:00 EDT prnewswire.com