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POGC |
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Having operated in Poland since 1994, FX Energy has been able to establish a strong working relationship with the Polish Oil and Gas Company (POGC) and secure the POGC as a partner and, as a result FXEN has made spending commitments in Poland entitling it to earned interests in three natural gas fields in areas known as Fences I, II and III. This basin seems to have the same geologic characteristics as that of the rich natural gas bearing regions of the British Southern North Sea, based on some initial drilling by the POGC and FX, as well as available seismic data and interpretation. From the beginning, operations have closely involved the Polish Oil and Gas Company (POGC) and FX Energy's significant land concessions were granted by the Polish government and obtained through joint ventures entered into with POGC. |
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