EX-99.01 2 ex9901form8k091205.txt PRESS RELEASE DATED SEPTEMBER 12, 2005 FOR IMMEDIATE RELEASE SCOTT J. DUNCAN FX Energy, Inc. September 12, 2005 3006 Highland Drive, Suite 206 Salt Lake City, Utah 84106 (801) 486-5555 Fax (801) 486-5575 www.fxenergy.com -------------------------------------------------------------------------------- FX Energy Reports Sroda-5 Well Begins Drilling Salt Lake City, September 12, 2005, - FX Energy, Inc. (Nasdaq: FXEN) announced today that drilling has commenced on the Company's Sroda-5 well in western Poland. The well is planned to test a Rotliegend sandstone target located approximately 4 km southeast of the Sroda-4 well that was completed for production earlier this year. FX Energy owns a 49% interest in the Sroda-4 and Sroda-5 wells; the Polish Oil and Gas Company owns 51% and is the operator. About FX Energy --------------- FX Energy, Inc., is an independent oil and gas company focused on exploration, development and production opportunities in the Republic of Poland. The Company holds exploration rights to over 1.7 million acres in western Poland's Permian Basin. The Permian Basin's gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England, and represents a largely untapped source of potentially significant gas reserves. FX Energy is exploiting this untapped potential in the belief that it can create substantial growth in oil and gas reserves and cash flows for its stockholders. The Company trades on the Nasdaq National Market under the symbol FXEN. --------------------------- For a discussion of the contingencies and uncertainties to which information respecting future events is subject, see FX Energy's SEC reports or visit FX Energy's website at www.fxenergy.com. This release contains forward-looking statements. Forward-looking statements are not guarantees of future drilling or other exploration or development results, the actual presence or recoverability of estimated reserves, the ability to establish reserves equal to the potential of exploration targets, production amounts or revenues, construction costs or schedules or similar matters. Forward-looking statements are subject to risks and uncertainties outside FX Energy's control. Actual events or results may differ materially from the forward-looking statements. For a discussion of additional contingencies and uncertainties to which information respecting future events is subject, see FX Energy's other SEC reports.