American FX Energy has announced plans to bore three new wells in Polish gas fields, according to a communiqué by David Pierce, FX Energy CEO.

FX Energy is an independent oil and gas exploration and production company with production facilities in the US and Poland. The Company trades on the NASDAQ Global Market under the symbol FXEN.

FX Energy and the Polish Oil and Gas Company (PGNiG) earlier launched gas production in Roszków in mid-western Poland. The well is has estimated reserves of 900 million cubic meters of gas and should be running for 20 years.
FX Energy has been active on the Polish market for almost 10 years and extracting gas for 3 years. The company owns 49% in the Roszków well (PGNiG controls the remaining stake).

Energy expert Michal Wilczynski tells Polish Market Online that Poland is on the verge of becoming a major player when it comes to natural gas production and exports - in facts its newly discovered unconventional gas deposits which have attracted a number of American prospecting companies to Poland promise to ‘revolutionise the European gas market.'

Source: www.polishmarket.com.pl