FX Energy (FXEN)

[SCREAMING EAGLE]

Definately a high potential company, in the right place at the right time.

[SCREAMING EAGLE]

Intrigued by the massive shale plays of Europe.

[protrade7]

NEW YORK (CNNMoney) -- The U.S. government said it will stop issuing permits for new nuclear power plants and license extensions for existing facilities until it resolves issues around storing radioactive waste.

http://money.cnn.com/2012/08/09/news/economy/nuclear-plants-waste/index.htm?iid=HP_LN&hpt=hp_t3

FXEN Is a winner

[protrade7]

yes pj FXEN Is a run Poland Is a good price to put your money In also Im In GGR this will be a run, thanks for the message

[pj McMulligan]

This one caught my scanners, an yall adding shares today?

[protrade7]

Ok so I added 3rd of my position and waiting for lower prices, now If we hold from this point or not we have to wait.

[protrade7]

I have a Nice run from 5.15 to 7.35 before and we will have this scenario again... good luck
My Entry point $5

[Investorman]

FXEN has repdorted that production is up so things don't seem all bad.

[protrade7]

FXEN wait for $4.85 -$5.05 level Is on the down trend, let It go lower.at 4.9-5 go ALL In...this will perform during the winter and there Is plently of natural gas in POLAND, price Is also 4 times Higher !! so be PATIENT

[Investorman]

Hope is always a good thing.... but not as good as a sure thing.

[MrBankRoll]

Still got a few flickering lights of hope.....

[Investorman]

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FX Energy is buy, with an average price target of $9.88.

[Investorman]

Things are looking up at FXEN. The 1-Year Projected Earnings Per Share Growth Rate is 433.30%

FX Energy, Inc. engages in the exploration and production of oil and gas properties primarily in Poland and the United States. The company primarily focuses on the exploration of Rotliegend sandstones in the Permian Basin, Poland. As of December 31, 2011, its estimated proved reserves were 53.5 billion cubic feet of natural gas equivalent, including 49.6 billion cubic feet of natural gas and 0.6 million barrels of oil. The company holds oil and gas exploration rights in a range of project areas comprising approximately 4.6 million gross acres in Poland, as well as produces oil from approximately 10,732 gross acres in Montana and 400 gross acres in Nevada. It also provides contract oilfield services, including drilling, workovers, location work, cementing, and acidizing. The company was founded in 1989 and is headquartered in Salt Lake City, Utah.

[Investorman]

UPDATE 1-FX Energy sees higher rev on gas price rise in Poland
8:26am EDT
* About 91 pct of co's gas output comes from Poland

* Says expects higher drilling in Poland

April 16 (Reuters) - U.S.-based FX Energy said increased wholesale gas tariffs in Poland will help its revenue grow, and the company plans to ramp up drilling in the European country.

FX Energy said it can take advantage of the 16.9 percent rise in tariffs due to its gas contracts with Polish gas monopoly PGNiG, which operates most of the company's wells in the country.

"Higher revenues from this price increase will drop directly to our bottom line," FX Energy said in a statement.

About 91 percent of FX Energy's gas production comes from Poland. The oil and gas producer said it was selling gas at a weighted average price of $7.40 per thousand cubic feet in Poland.

U.S. natural gas prices have sunk to their lowest in over a decade, hovering under $2 per million British thermal units, amid record-high supplies of the fuel.

FX Energy sees higher drilling this year and 2013, with total drilling expenditures expected in the range of $40 to $50 million in 2012.

FX Energy shares, which have lost 40 percent of their value so far this year, closed at $4.94 on Friday on the Nasdaq.

[Penny Roger$]

~ Monday! $FXEN ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $FXEN ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=FXEN&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=FXEN&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=FXEN
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=FXEN#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=FXEN+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=FXEN
Finviz: http://finviz.com/quote.ashx?t=FXEN
~ BusyStock: http://busystock.com/i.php?s=FXEN&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=FXEN >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[Investorman]

They set a price target of $8.... I would be happy with that.

[MrBankRoll]

Pritchard prefers two in the bush.............

Pritchard Capital Downgrades FX Energy (FXEN) to Neutral.

http://www.streetinsider.com/Downgrades/Pritchard+Capital+Downgrades+FX+Energy+%28FXEN%29+to+Neutral/6934286.html

[Investorman]

A bird in the hand......

Natural gas prices are expected to rise so it is hard to tell where this might go.

[MrBankRoll]

+39%...... Thinking I should bail on this one while I'm ahead....

[MrBankRoll]

This global clusterf*cking recession/depression hit us excessively hard last week........ Our last large customer, the most dependable and reliable, has thrown in the towel. Sickening..... Gonna have to reduce my stock casino exposure. Bailed on OSK's pop today. More to come..... Anything that doesn't pay a decent dividend is on the chopping block...... :~(

[Investorman]

FX Energy Spuds Kutno-2 Well

Updates Plawce-2 and Alberta Bakken Operations


Press Release Source: FX Energy, Inc. On Monday August 29, 2011, 7:00 am EDT

SALT LAKE CITY, Aug. 29, 2011 /PRNewswire/ -- FX Energy, Inc. (NASDAQ:FXEN - News) today announced the start of drilling on the Kutno-2 well in the Company's 700,000 acre Kutno concession. The Kutno-2 well is planned to test a large (approximately 35,000 acres or 140 square kilometers) 2-D defined Rotliegend structure at a depth of approximately 6,500 meters (21,000 feet).

"FX Energy is pleased to be joined in this project by PGNiG, the most experienced explorer in Poland," said David Pierce, the Company's CEO. "Given that Poland currently imports approximately one-third of a Tcf of gas annually, and the Kutno prospect could have an EUR of up to 9.5 Tcf, both companies recognize that this project has the potential to change the energy balance in the entire region."

The current rig will be used to drill the first sections of the well prior to moving Nafta Pila's larger IDM 2000 rig with 500 ton load capacity onto location for the bottom sections of the well. Drilling is expected to take approximately eight to nine months. FX Energy is the operator and will be 50% owner of the Kutno concession; PGNiG will earn 50%.

Plawce-2

The Plawce-2 tight gas well reached total depth of 4,200 meters. Gas shows were encountered as expected throughout the Rotliegend sandstone reservoir. Cores and logs are currently being analyzed. Based upon the results of this analysis, the well is expected to be perforated at the deepest part of the well to determine whether the entire Rotliegend reservoir is water-free. Thereafter, current plans call for perforating and fraccing approximately 50 meters of Rotliegend in the upper portion of the well where porosity is approximately 9-10%. After testing, the well is expected to be completed as a vertical producer.

The Plawce-2 well is located on an uplifted tight Rotliegend block that could contain as much as 500 Bcf of gas in place within the Fences concession. The Company holds a non-operating 49% interest in the Fences concession and the Plawce-2 well; PGNiG operates and holds 51% interest.

U.S. Alberta Bakken

In Montana, FX Energy is in the early stages of appraising the Alberta Bakken oil potential in approximately 75,000 net acres. The Company has drilled and fracced a vertical well in its Cutbank acreage and is currently monitoring the flow back. The Company has drilled a second vertical well in another of its acreage blocks and plans to frac the vertical section. In three to four weeks the Company plans to drill a lateral section of approximately 4,000 feet at this location. Two further wells are planned in the fourth quarter, one vertical and one with a lateral section, assuming results of the Company's first two wells meet technical expectations. FX Energy is operator and holds a one-third working interest in approximately 75,000 net acres; American Eagle Energy, Inc., and Big Sky Operating, LLC, each own a one-third working interest.

[mercurialmike]

http://cryptogon.com/?p=23667

[Investorman]

10 cents a post will make you more money than is possible with the penny scams but I wouldn't try to live on it....

[bar1080]

Quite a case study. He blames everyone but himself and insists that bashers get paid to bash. Lord!

(gotta get back to posting my quota today at 10 cents each LOL)

[OilStockReport]

You make some great points.

[Investorman]

I like FXEN's long term prospects. Field development takes a long time and they have been making steady progress. Poland has been working on the infrastructure to transport the gas so progress is being made on all fromts.

Currently the EU is very dependant on Russian natural gas so large scale development of the Polish fields seems to make sense. How long all this will take, I don't know.

[OilStockReport]

Well, natural gas is slowly gaining interest. And some see upside potential w/ FXEN, what do you think?

FX Energy Inc. (FXEN) is one of the few natural gas producers to make this list. Although I am not bullish on United States natural gas, European natural gas is another story. FX has leaseholds in Poland. It has 25 licenses covering 3.8 million acres. These acres are prospective for conventional drilling. There are several other large oil and gas players in the area:

ConocoPhillips (COP)
Marathon (MRO)

Chevron (CVX)

ExxonMobil (XOM)

Talisman Energy (TLM)

Polish natural gas has better economics than natural gas in the United States for several reasons:

Lower Taxes

Lower Royalties

Two-Thirds Natural Gas Imported (Higher Prices)

Poland is excited to increase production to reduce its reliance on Russian natural gas. A pipeline is currently being built there, and production is expected to ramp up significantly upon completion.
FX also has 10418 net acres in the Cut Bank oil field. Rosetta Resources (ROSE) and Newfield (NFX) currently have wells drilled in the vicinity. This company's Alberta Bakken area is in Northern Montana near the Canadian border. FX is working on another play that would net it a third of 100000 gross acres in the southern portion of the Alberta Bakken.

P/E Ratio- Negative

Price to Sales- 10.67

Price to Tangible Book- 11.68

[Investorman]

The wells seem to be coming in on a regular basis. Too bad the price of natural gas isn't moving up like oil.

[Investorman]

FX Energy Announces Drilling Start on Plawce-2 Tight Gas Well

SALT LAKE CITY, March 23, 2011 /PRNewswire/ -- FX Energy, Inc. (Nasdaq:FXEN - News) today announced that drilling has commenced on the Plawce-2 well near the north border of the Fences concession. Plawce-2 is targeting Rotliegend sands at an estimated depth of approximately 3,729 meters. Plans call for drilling to a vertical depth of approximately 4,000 meters. Following evaluation of cores, logs and flow tests, the parties may consider fraccing the vertical well and/or drilling a long reach multi frac horizontal section. PGNiG operates the Fences concession and the Plawce-2 well and owns 51% interest; the Company owns 49%.

The Siekierki Plawce tight gas area was discovered by a series of five wells drilled in the 1970's and 1980's by PGNiG. These wells encountered gas columns of more than 100 meters in tight Rotliegend sandstone. Recently, Aurelian Oil and Gas PLC has drilled and fracced two wells which successfully tested gas and is now drilling a third well in this tight sandstone immediately to the north of the Fences concession. The closest producing analog is the Soehlingen field in northern Germany, operated by ExxonMobil.

Machnatka-2 well in Warsaw South Concession

The Company also reported that it has started the tender process to select the rig for drilling the Machnatka-2 well, a test of both the Zechstein and the Carboniferous horizons in the Company's 880,000 acre Warsaw South concession located in Eastern Poland. The Company is the operator and expects to award the drilling contract next month with drilling operations commencing during the second quarter this year. The Company has signed a letter of intent under which PGNiG may earn up to 49% interest.

Kutno-2 well in Kutno Concession

The Kutno-2 well is also in the tender process with pre-qualification offers from drilling companies expected to be received as early as this week. The Company is the operator of this 35,000 acre Rotliegend structure located in central Poland at a depth of 6,500 meters. The Company has signed a joint operating agreement under which PGNiG may earn 50% interest, and a letter of intent under which Kulczyk Investments LLC may earn up to 25% interest.

Bakken test well in US Cut Bank Field

In the US, the Company is preparing to re-enter one of its existing wells in the Cut Bank field in northern Montana in the next few days. The Company will deepen the well to test CO2 potential in the Duperow, and oil potential in the Nisku, Three Forks, Bakken and Lodgepole formations. Data from this operation will help shape the Company's plans near term; the well will be plugged when testing is complete.

David Pierce, FX Energy's Chief Executive Officer, said, "The Plawce-2 well is an important test of this very large tight reservoir. If successful, the Plawce-2 well could have positive implications for a significant portion of our acreage in the northern border area of the Fences concession. We look forward to evaluating the results of the vertical section of this well in a few months time. We will make our drilling, completion and fraccing decisions based on data and with a focus on economics. In the meantime, we are preparing to start three other wells in the next few months: Machnatka-2 in the Warsaw South concession, Kutno-2 in the Kutno concession, and a Bakken test well in our US Cut Bank field. Plawce-2 and each of the three other wells could have a material impact on the Company. This should be an exciting year for us on the drilling front."

[Investorman]

Motley Fool has an article on it at http://www.fool.com/investing/general/2011/03/10/fx-energy-shares-plunged-what-you-need-to-know.aspx

Title of Article: FX Energy Shares Plunged: What You Need to Know

Basically the price drop is the result of issuing six million shares to fund further drilling but the current price is above the issuance price so apparently general sentiment is that the price will recover.

[dzigman]

I should have got out completely. I'm losing my stomach for this.

[MrBankRoll]

11.73 1.86 (18.84%)

Nice!

[Investorman]

FX Energy Updates Status of Lisewo Well; Reports Progress on Plawce, Kutno and Machnatka Wells

FX Energy, Inc. (Nasdaq:FXEN - News) provided the following update on the Company's current operations in Poland.

Lisewo Well

The Lisewo well has been drilled to total depth and logged, indicating a substantial pay zone with excellent porosity. The operator has elected to run a drill stem test at the gas water contact/transition zone this week. This will be followed next week by a full production test to determine the maximum open flow rate and the production rate. Additional information from the tests will be available following completion of these tests.

Lisewo is a 3-D defined Rotliegend structural target located in the Polish Oil and Gas Company's (PGNiG) 880,000 acre Fences concession in western Poland. PGNiG is the operator of the Lisewo well and owns 51%. FX Energy owns 49%.

Plawce Well

The tender to select the drilling rig for the Plawce tight gas well is complete. Nafta Pila has been selected as drilling contractor. The Plawce well is planned to test a tight Rotliegend sandstone target, and is designed to include a horizontal leg in the target reservoir. The spud date for the Plawce well is scheduled for the 2nd quarter of 2011. PGNiG is operator of the Plawce well and owns 51%. FX Energy owns 49%.

Machnatka Well

A tender to select the rig to drill the Machnatka well on the Company's Warsaw South concession will be issued later this month. The Company plans to spud the Machnatka well in the second quarter of 2011. Machnatka is the Company's first well in the Warsaw South concession and is planned to test a 2-D defined Permian and/or Carboniferous target. FX Energy is operator and owns 100%. Under the terms of a previously announced Letter of Intent, PGNiG may earn 49% interest.

Kutno Well

The Company is issuing a tender to select the drilling contractor for the first well in the Kutno concession. The Company expects to spud the well in the third quarter of 2011. Kutno is a deep Rotliegend structure covering approximately 35,000 acres. FX Energy is operator and owns 100%. Subject to the terms of previously announced Letters of Intent, PGNiG and Kulczyk Investments may earn 50% and 25% interests respectively.

[Investorman]

Me too. It has sat in the doldrums for a long time but energy prices are rising again and FXEN is a bit further along with their exploration.

[dzigman]

I've noticed! And feeling much better about it.

[Investorman]

Just in case you hadn't noticed.... FXEN is back over $10 :)

[Investorman]

I am suprised to see FXEN nudging up against $10 again.

[Investorman]

But.... FXEN's stock price is going up so I am temporarily happy :)

[Investorman]

Gasoline at the pump is skyrocketing but natural gas prices aren't doing much.

[MrBankRoll]

PR Newswire Posted 11:36 AM 01/24/11

SALT LAKE CITY, Jan. 24, 2011 /PRNewswire/ -- FX Energy, Inc. (Nasdaq: FXEN) FX Energy today reported excellent gas shows during coring of the top level of Rotliegend sandstones in the Company's Lisewo well. The gas shows were observed on the mudlogging unit during coring of the interval from 3810 to 3846 meters. The remaining schedule is to core and drill to a total depth of 3945 meters, run electric logs to estimate reservoir properties and the gas water contact, and then conduct a production test.

"The gas shows and cores are very encouraging. We have more drilling, coring, logging and testing to do before we can say this is a commercial gas deposit. So far, however, everything looks as good as we could have hoped," remarked Andy Pierce, the Company's Vice President of Operations.

http://www.dailyfinance.com/rtn/pr/fx-energy-s-lisewo-well-shows-gas/rfid407721786/?channel=pf

[Investorman]

I love to see things going up.

[MrBankRoll]

Not too shabby here either. :~)

[Investorman]

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

ITEM 1.01-ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On December 23, 2010, we entered into an At-The-Market Issuance Sales Agreement (the "Sales Agreement") with McNicoll, Lewis & Vlak LLC, or MLV, under which we may issue and sell our common stock having aggregate sales proceeds of up to $50 million from time to time through MLV acting as agent (the "Offering"). The sales, if any, of shares made under the Sales Agreement will be made on the NASDAQ Global Market by means of ordinary brokers' transactions at market prices or as otherwise agreed by MLV and us. We may instruct MLV not to sell common stock if the sales cannot be effected at or above the price designated by us from time to time. We or MLV may suspend the offering of common stock upon notice and subject to other conditions. As an agent, MLV will not engage in any transactions that stabilize the price of our common stock.

Pursuant to the Sales Agreement, we have agreed to pay the MLV a fee equal to 3% of aggregate sales proceeds of up to $30 million and 2% of aggregate sales proceeds over $30 million received in the Offering. The Sales Agreement also contains customary representations, warranties, covenants, and agreements by us, and customary conditions to closing and indemnification obligations of MLV and us.

If any shares are actually offered and sold, we intend to use the net proceeds from this offering for general working capital purposes and to accelerate planned exploration and development activities and construction of production facilities in our project areas in Poland.

[Investorman]

Good question. It looks like the price of oil and gas is on the way up again so we should see some movement here.

[dzigman]

Been holding for what seems like forever and viewing the posts. How much longer should a person hold...

[Investorman]

Maybe our ship is coming in......

[MrBankRoll]

Haven't seen 6 bucks for over 2 years.

[Investorman]

Things are looking up.

[MrBankRoll]

Not too shabby here either.......

[Investorman]

FX Energy Second Quarter Loss Widens After Non-Cash Charges; But Sets First Half Records for Production, Revenues, Operating Income and Cash Flow

Monday August 9, 2010, 4:00 pm EDT

SALT LAKE CITY, UT--(Marketwire - 08/09/10) - FX Energy, Inc. (NASDAQ:FXEN - News) today announced a net loss of $(22.1) million, or $(0.51) per share, for the quarter ended June 30, 2010. Excluding a non-cash foreign currency exchange charge of $22.0 million, the Company would have recorded a second quarter nominal loss of $(0.1) million, or $(0.00) per share. The results represent a significant improvement over the net loss, adjusted for foreign exchange gains, of $(2.7) million, or $(0.06) per share reported in the second quarter of 2009.

Increased Production and Prices Drive Revenues Higher

Higher second quarter production was the largest contributor to the Company's improved second quarter results. Total net oil and gas production tripled to 1,009 million cubic feet equivalent (Mmcfe) during the second quarter of 2010, compared to 328 Mmcfe during the 2009 quarter. Total revenues more than doubled to $6.1 million during the second quarter of 2010 from $2.5 million during the same quarter of 2009. The production increase was due to natural gas production in Poland from the Company's Roszkow well, which began producing in September 2009.

Oil prices increased 33% over the year, averaging $67.12 per barrel in the second quarter of 2010, compared to $50.45 per barrel in the same quarter of 2009. Gas prices during the second quarter of 2010 averaged $4.91 per Mcf, compared to $4.44 per Mcf during the same quarter of 2009, an increase of 11%. Zloty denominated gas prices were slightly lower in the 2010 second quarter than in the same quarter of 2009, but the quarter-to-quarter stronger Polish zloty resulted in increased U.S. dollar prices.

Clay Newton, FX's Vice President Finance, remarked, "It is unfortunate that the non-cash charges for intercompany foreign exchange accounting continue to mask our significant progress. Nevertheless, our cash operating results and oil and gas production for the first half set several new positive records for us. Excluding these non-cash charges, our earnings per share would have been a positive $0.04 compared to a loss of $(0.16) for last year's first half results. Our cash flow from operating activities rose a substantial $12.5 million. These very positive results are not just improving our operating statement, but our balance sheet as well. Our working capital jumped by 65% during the first half to $5.7 million, which enhances our ability to fund exploration."