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FX Energy Springs 7% on Drilling Updates - Takes It Further Away From Near 52-Week Lows

FX Energy Inc. ( FXEN ) is up more than 7% after reporting that its Mieczewo-1K well has reached a depth of 3,380 meters at the base of the Zechstein. A 7" liner will be set and cemented. The well will then continue drilling into the Rotliegend target reservoir.

The company also reported that the Tuchola-3K well has drilled into the Upper Devonian at a depth of 3,067 meters. The well will be logged prior to continuing to drill to the Lower Devonian target at a projected depth of 3,180-3,820 meters.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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