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Experts Commenting on This Company
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FX Energy Inc.TICKER: FXEN:NASDAQFX Energy Inc. is an independent oil and gas company focused on Poland. The company believes Poland's hydrocarbon-producing areas are under-explored because the country was closed to competition from foreign exploration companies for many decades. FX Energy has accumulated a large land position in known productive areas, assembled a sophisticated technical team and generated a number of attractive gas prospects. It anticipates a capital budget for 2012 estimated at between $60–70M. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
Jeff Grampp, C.K. Cooper (5/10/13) "FX Energy Inc. is in discussions to obtain a new credit facility, which will likely include a larger borrowing base to provide liquidity for the company to continue its aggressive exploration program. FX Energy has plans for two Fences wells in the Lisewo area in 2013 that could be quickly connected to existing infrastructure, if successful, and also plans to acquire additional seismic data on its non-Fences concessions to better identify future exploration well locations that will likely be drilled in 2014."
Kim Pacanovsky, MLV & Co (4/29/13) "The 5 MMcf/d drill stem test flow rate from the Upper Devonian dolomite in FX Energy Inc.'s Tuchola-3K well increases our optimism on the stock. The company is initiating a full production test, from which we hope to see steady pressure and a strong commercial rate. . .FX could have multiple additional targets next to the Tuchola-3K well. . .we are optimistic, and believe the shares will respond favorably to this news."
Jeff Grampp, C.K. Cooper (4/29/13) "FX Energy Inc. provided an encouraging update on its Tuchola-3K well in its 100%-owned Edge concession in Poland. . .the company reported that a drill stem test from a dolomite section in the Ca1/Upper Devonian flowed gas at a rate of ~5 MMcfpd with traces of condensate. The positive results have led the company to initiate a full production test of the well. . .the news of a solid flow rate from the well is a promising development for future exploration activities in the Edge concession. . .we reiterate our Buy rating and price target of $7."
Jeff Grampp, C. K. Cooper & Company (4/8/13) "FX Energy Inc. provided an update on the Plawce-2 tight gas well in the Fences concession. . .recall, logs, cores and a drill stem test on the Plawce-2 well exhibited encouraging gas shows with no water. . .a number of exploration wells planned this year represent potentially catalytic events for FX Energy. . .we reiterate our Buy rating."
Kim Pacanovsky, MLV & Co (3/20/13) "We estimate that FX Energy Inc. will grow production 10.8% YOY, producing an average 14.5 MMcfe/d in 2013. We note that the company is in strong financial shape—we expect it to generate $26M in cash flow for 2013."
