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Entries for tag: gas

Gas well abandoned

FX Energy, Inc. (NASDAQ: FXEN) reported that drilling operations at the Ostrowiec-1 wildcat well have stopped and the well will be plugged and abandoned.

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Energy and water continue to attract investment capital

The current economic slowdown has affected many industry sectors but not all investments have been put on hold. EU compliance deadlines, growing energy consumption, an ageing infrastructure and EU funding are the major factors stimulating the Energy and Water and Wastewater sectors in Poland in the Central Eastern European (CEE) region.

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Gas discovery will produce 1.7m cubic metres per day

FX Energy, Inc.has released test results from the recent Kromolice-2 discovery well. Analysis of the flow test data indicates absolute open flow potential of 47 million cubic feet per day (mmcf/d). The initial production rate is forecast at approximately 4.8 mmcf/d, based on a 5% drawdown. Depth mapping of the Kromolice-2 structure is ongoing based on new seismic processing. The Company plans to provide a proved reserves figure when final mapping is complete. FX Energy holds a 49% non-operating interest.

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Transport policy at the crossroads

Transport continues to contribute disproportionately to Europe's greenhouse gas emissions, poor air quality and noise; and still uses the least efficient modes to move people and goods.

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Gas well reported as discovery

FX Energy has reported that the Kromolice-2 well is a commercial discovery. The gross pay in the reservoir is 35.5 meters

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Gas deal signed

FX Energy has reported that it has signed a Joint Operating Agreement (JOA) with the Polish Oil and Gas Company (POGC). The JOA covers FX Energy’s concession blocks 163-164 in its Northwest concession area.

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FX announces annual increase in gas reserves

FX Energy today announced its fourth consecutive annual increase in proved reserves. Proved oil and gas reserves rose 35% to 45.9 billion cubic feet equivalent ("Bcfe"), an increase of 11.8 Bcfe. Year-end 2007 proved reserves were 34.1 Bcfe. The Company's P50 reserves increased by 49%, from 53.5 Bcfe to 79.9 Bcfe at year-end 2008. P50 reserves represent the most likely case as determined by the Company's independent reservoir engineers. This is the fourth consecutive annual reserves increase for the Company.

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Successful drill test for gas made in western Poland

FX Energy reported a successful drill stem test (DST) of the Company’s Kromolice-2 well. Located in west central Poland, this exploratory well flowed gas with no water in this first DST.

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Chemical company purchases gas converstion system

Startech Environmental an environment and energy company announced today that it has been notified by waste2greenenergy Limited ("w2ge"), the Company's exclusive distributor for the UK and Poland, that w2ge's wholly-owned Polish subsidiary SG Silesia has entered into a formal contract with one of Poland's largest chemical companies, Zaklady Azotowe Kedzierzyn SA (ZAK), for the sale to ZAK of PCG syngas (Plasma Converted Gas (TM)) and steam from the Startech Plasma Converter System(TM) to be installed, owned and operated by SG Silesia within the grounds of ZAK's existing production facilities located in Kedzierzyn-Kozle in the southern Silesian region of Poland.

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Drilling for gas budget settled

FX Energy, Inc. (NASDAQ: FXEN) today announced it has set its 2009 capital budget at approximately $23 million. The Company expects to fund this budget with cash on hand and cash flow from operations for the year with no increase in debt or equity.

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Auschwitz plans turn up in Berlin

bild has publshed a claim of Auschwitz planning documentation turning up in a Berlin apartment. Although the German archives seem happy that they are genuine, I would like to see what Professor Jan van Pelt has to say before I pass any judgement.
Es sind Dokumente des Grauens. Akkurat gezeichnet. Lagepläne, Grundrisse und Seitenansichten von Gebäuden, […]

>Tags: Auschwitz, gas

Author: Alan Heath | 09.11.08 | Closed | Trackback

Price increases bonanza for gas companies

FX Energy has reported that the Energy Regulatory Office in Poland has approved an 11.1% increase in the wholesale prices of natural gas. The new prices will take effect on November 1, 2008. FX Energy's gas contracts in Poland are priced as a percentage of published wholesale prices. This move by the Polish regulator will translate directly to an 11.1% increase in the prices received by FX Energy in Poland.

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Oil and gas exploration aims for faster project turnaround

Panasas, Inc., the global leader in parallel storage solutions, today announced that, through the deployment of a Panasas AS3000 parallel storage solution, Geofizyka Krakow is completing seismic processing jobs up to six times faster. This performance boost positively impacts its geophysicists' productivity by providing faster results and the opportunity to run more job iterations for improved imaging results. Ultimately the deployment of Panasas parallel storage also benefits Geofizyka Krakow's Oil and Gas customers' exploration efforts by providing faster project turnaround with high-quality results that will help them locate energy reserves faster.

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Gas well reported as commercial discovery

FX Energy today reported that the Kromolice-1 well has been completed as a commercial discovery.

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FX Energy strikes gas

FX Energy, Inc. (NASDAQ: FXEN) today reported a successful drill stem test (DST) of the Company’s Kromolice-1 well. Located in west central Poland, this exploratory well flowed gas with no water in this first DST. The nearest existing gas discovery is the Company’s Sroda-4 well some 5 kilometers to the southeast.

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FX strikes gas

FX Energy has reported that the Company’s Grundy-2 well is currently drilling in the Rotliegend sandstone at a depth of 4,625 meters. The top of the Rotliegend was encountered 100 meters higher than expected. The well has now drilled 385 meters of Rotliegend with gas shows throughout and no appearance of water.

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Energy exploration costs increasing in Poland

FX Energy, Inc. (NASDAQ: FXEN) today announced financial results for its first quarter ended March 31, 2008. The Company reported earnings of $(4.3) million, or $(0.12) per share. This compares to $(2.6) million, or $(0.07) per share reported in the first quarter of 2007.

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More gas discoveries in Poland

FX Energy, today announced that its year-end 2007 oil and gas reserves rose 11.3 billion cubic feet equivalent (“bcfe”), or 50 percent, to 34.1 bcfe. Year-end 2006 reserves were 22.8 bcfe. Year-end 2007 reserves were a new all- time record for the Company.

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Drilling begins on gas well

FX Energy, Inc. (NASDAQ: FXEN) today announced initial operations on the Grundy well in the Company’s Fences concession area. Surface casing has been set to a depth of 302 meters. The well began drilling on February 1, 2008. The Grundy well is designed to test a possible Ca2 reef build-up identified on 2D seismic in an area approximately 20 miles east of the Company’s Sroda area. The Company considers the Grundy well to be high risk/high reward, especially compared to the Company’s usual Rotliegend sandstone targets. FX Energy owns a 49% non-operated interest in the Grundy well.

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More being spent on drilling

FX Energy, Inc. (NASDAQ: FXEN) today announced its 2008 capital budget in the range of $29 million to $44 million, a sizeable increase over the $17 million the Company spent in 2007.

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Air Products expands capacity

A new liquefier to be built by Air Products (NYSE:APD) will generate an additional 400 tonnes per day (TPD) of industrial gases to meet fast growing demand in Polish manufacturing sectors. The new liquefier will be located at the company's Kedzierzyn facility in the south of Poland, taking the total capacity there for oxygen and nitrogen products to 800 TPD. The facility is scheduled to be on-stream early in 2009, subject to approvals from the authorities.

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New Wells Lead to Record Production and Revenues

FX Energy, Inc. (NASDAQ:FXEN) today provided an operations update on its oil and gas operations for the first half of 2007. The Company also provided a view of its major upcoming projects. Though the Company maintains a small presence in the U.S., most of the Company's projects are in Poland. There the Company holds a 100% interest in over 3.1 million acres, and partners with the Polish Oil and Gas Company in an additional 1.1 million acres.

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FX sees revenues increase

FX Energy, Inc. (NASDAQ: FXEN) today announced financial and production results for its second quarter ended June 30, 2007. The Company reported earnings of $(2.7) million, or $(0.08) per share. This loss was a relatively modest $600,000 more than the $(2.1) million, or $(0.06) per share reported in the second quarter of 2006. However, revenues rose $2.4 million, or 111 percent, on record oil and gas production. The difference between results for revenues and earnings was mostly attributable to a $2.1 million expansion of the Company’s exploration efforts.

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Drilling reaches new record

FX Energy, Inc. (NASDAQ: FXEN) today announced total oil and gas production for the Company has reached record levels again. Company-wide production for the second quarter of 2007 was 593 Mmcfe, up some 291 percent compared to the 2006 second quarter.

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FX increases drilling

FX Energy, Inc. (NASDAQ: FXEN) announced today that the Polish Oil and Gas Company (“POGC”) and FX Energy have approved a new 3- D seismic acquisition program in the Company’s Fences concession. The new 3-D grid will cover 155 square kilometers and expand coverage east from the Sroda area where 3- D field work was completed earlier this year. The new seismic will include the Company’s recent Winna Gora new field discovery as well as a number of additional Rotliege nd sandstone structural targets previously identified on 2-D seismic. Field work is expected to begin later this year.

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FX raising capital to accelerate exploration programme

FX Energy, Inc. (NASDAQ: FXEN) today announced that it hasagreed to sell 1,500,000 shares of its common stock through a registered direct offering priced at $8.63 per share with select, long-term institutional investors, resulting in gross proceeds of approximately $12.9 million. C.K. Cooper & Company acted as exclusive placement agent on the transaction.

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FX to make more seismic surveys

FX Energy, Inc. (NASDAQ:FXEN) today announced plans for 3-D seismic and a horizontal well at its Winna Gora discovery in its Fences concession area in central Poland. The Winna Gora well was drilled to a total depth of 3,600 meters. In the latest production test, the well flowed at 2 million cubic feet of gas per day. Based upon log and core analysis the well encountered approximately 27 meters of productive Rotliegend sandstone of 18% porosity and a total column of 70 meters without water.

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Strong gas presence noted

FX Energy today announced that the Roszkow well flowed at a rate of 12.6 million cubic feet of gas per day (or “MMCF/D”) during production testing.

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FX makes succesful test

FX Energy, Inc. (NASDAQ: FXEN) today reported a successful drill stem test (or DST) of the Company’s Roszkow well. Located in west central Poland, this exploratory well flowed gas with no water in this first DST.

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FX announce Q1 results

FX Energy, Inc. (NASDAQ:FXEN) today announced financial results for its first quarter ended March 31, 2007. The Company reported earnings of $(2.6) million, or $(0.07) per share. This was a substantial improvement over the $(4.2) million, or $(0.12) per share reported in the first quarter of 2006.

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Air Products buys BOC Gazy

Air Products (NYSE:APD) announced today that it has completed the acquisition of the industrial gas business of BOC Gazy Sp z o.o. from The Linde Group for 370 million euros or about $503 million. With this transaction, Air Products is now the leading industrial gas supplier in Central Europe's fastest growing economy

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Drilling to begin on large field

FX Energy, Inc. (NASDAQ: FXEN) today announced that it has acquired a new concession in central Poland covering 284,000 acres. The area encompasses a Rotliegend mega-structure ("Kutno") with an estimated aerial extent of between 100 and 150 square kilometers (25,000 to 37,000 acres). Depth of the structure is estimated at approximately 6,000 meters (19,200 feet). The amplitude of the structure is interpreted to be at least 150 meters (480 feet).

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Interested in the world beyond

A FLURRY of interest in the outside world might not seem odd in one of the European Union's bigger members. But when it comes from Poland's president and prime minister, the twin brothers Lech and Jaroslaw Kaczynski, it is a pleasant surprise. The prime minister, Jaroslaw, visited the Netherlands and Denmark last week. Angela Merkel, the German chancellor, visited Poland, meeting the prime minister, speaking at Warsaw University and spending a day at President Lech's house on the Baltic coast.

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FX announces results

FX Energy, Inc. (Nasdaq: FXEN) today announced financial results for its fourth quarter and the full year of 2006. Total revenue for the quarter was $3.2 million, up 100% from revenues of $1.6 million for the fourth quarter of 2005. The fourth quarter of 2006 had a net loss of $5.8 million, or $0.16 per share. This compares to a net loss of $6.6 million, or $0.19 per share, for the fourth quarter of 2005. As of December 31, 2006, the Company had combined cash and marketable securities totaling $15.1 million.

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Bank snubs pipeline

The European Investment Bank will not finance the construction of the Baltic Sea gas pipeline, informed head of the Bank Philippe Maystadt, saying that Central European states objected to the pipeline.

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FX drilling at Roszkow

FX Energy, Inc. (NASDAQ:FXEN) today reported that drilling is underway on the Roszkow well in the Company's Fences I project area in western Poland. The well is planned to test a Rotliegend sandstone structure with estimated gas potential of 30 to 60 bcf at a depth of approximately 2,975 meters. The Roszkow prospect is on trend with the Zaniemysl well that is currently producing at a rate of 10 million cubic feet per day. The Polish Oil and Gas Company is the operator and owns 51%; FX Energy owns 49%.

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Drilling about to begin

FX Energy, Inc. (NASDAQ: FXEN) today reported that the rig is on site at the Roszkow location and is currently rigging up. Drilling is expected to begin during the first part of February. The Roszkow well is located in the Company’s Fences I project area on trend with the Zaniemysl field that began production in 2006. The planned target reservoir is a Rotliegend sandstone at a depth of approximately 2,975 meters.

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Casing set in gas well

FX Energy, Inc. (NASDAQ: FXEN) reported today that casing has been set to the base of the Zechstein in the Winna Gora well. The Rotliegend section will not be penetrated until later this week after which a test will be run to determine commerciality.

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FX increases drilling operations

FX Energy, Inc. (NASDAQ:FXEN) announced today that casing is set and cemented into the top of the Zechstein section at a depth of 2,951 meters in the Winna Gora well. When drilling resumes the well will be drilled through the Zechstein section and a liner will be set prior to drilling into the Rotliegend target reservoir at a projected depth of 3,510 meters. Results of the well are expected in January. Polish Oil and Gas Company (PGNiG) is the operator and owns 51% of the well; FX Energy owns 49%.

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Poland may block EU energy deal with Russia

Poland's objections are threatening to prevent the European Union from agreeing on a blueprint for negotiations with Russia on a new partnership according to EU officials.

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New look at nuclear

Poland is considering using nuclear energy to diversify its energy sources and reduce its dependence on Russian fuel, Economy Minister Piotr Wozniak said Friday.

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Germany wants EU energy treaty

Europe should draw up an Energy Charter Treaty that will take the interests of producers, consumers, and transiting countries into account, Alexander Rahr, program director with the Koerber Center for Russia at the German Council on Foreign Relations, said in an interview with Interfax in Minsk.

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Gas well for Piła

Aurelian Oil & Gas PLC, the Central European exploration and production comapny, said it has signed rig contracts for wells in Bulgaria and Poland.

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Investing in energy diversification

The conservative government in Poland plans to invest well over €1 billion in the energy sector in an attempt to modernize its infrastructure, and perhaps more crucially, reduce its dependence on Russia, its main supplier of oil and gas.

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Endesa sets up subsidiary

Endesa SA has set up a subsidiary in Poland which is in talks with the local government over unspecified natural gas projects, Cinco Dias reported, citing Endesa Europe's managing director Jesus Olmos.

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Gas flowing

FX Energy, Inc. (NASDAQ:FXEN) reported today that it is producing and selling gas from the Zaniemysl well in western Poland. "This is a major milestone for us and a validation of our commitment to Poland," said David Pierce, president of FX Energy. "We now have meaningful production from Zaniemysl-3 and Wilga-2, we have commercial reserves in Sroda-4, and we have 3-D being acquired over a large portion of the Sroda area which we expect will lead to the development of quite substantial reserves and production."

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Gas production commences

FX Energy, Inc. (NASDAQ:FXEN) today reported that commercial production has started from the Wilga well. The well has three different pay zones, and for the first few weeks the Company will vary the producing zones and the flow rates before stabilizing at optional production parameters. The gas is being sold under contract to the Warsaw area.

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Making the marriage last

Without question, America’s two closest allies in Europe are Poland and Britain. And whether one is an American scholar of security affairs or a U.S. government official, it is almost always the case that when going into meetings with other European "allies," the American will feel more confident about the meeting going well knowing a Polish colleague is there to help. There is plenty that ties the two countries together--Polish immigration to America, populations that are more religious than other Western democracies and, most of all, great mutual respect for each other’s role in bringing the Soviet empire to a peaceful end. It was hardly a surprise then when the vast majority of Americans supported Poland’s membership in NATO in the late 1990s.

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