PGNiG, FX Energy to Drill Polish Well in August, Parkiet Says

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN), Poland’s dominant gas company, and FX Energy Inc. (FXEN) will start drilling an exploration well in August on the Polish Kutno license, Parkiet reported, without citing anyone.

The deposit’s structure is similar to those in the Netherlands and the North Sea near the U.K., countries which are Western Europe’s main gas producers after Norway, the newspaper said, citing Piotr Gliniak, head of PGNiG’s exploration department.

PGNiG and FX Energy last year signed a joint operating agreement under which the Polish company has a 50 interest in the block, for which the Salt Lake City-based company is the operator.

To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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