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What: Shares of oil and gas company FX Energy
So what: Initial flow was 7.7 million cubic feet per day, and expected maximum flow is 13.4 million cubic feet per day. Discounted proved reserves and most likely reserves are $43 million and $52 million, respectively.
Now what: Production and pipeline facilities are not yet completed, but when they are, the company expects production to be 4.5 million to 5 million cubic feet per day. FX Energy has a 49% interest in the development, with Polish Oil and Gas Co. serving as the operator and owning 51%. There are also plans to drill "a number of targets" in the same area as Lisewo-1 in the next two years.
Interested in more info on FX Energy? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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