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Timothy Smith

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Timothy Smith

Re: aetosellinas post# 628

Tuesday, 10/13/2015 9:05:54 PM

Tuesday, October 13, 2015 9:05:54 PM

Post# of 631
FX Energy (NASDAQ:FXEN) agrees to be acquired by PKN Orlen, Poland's top refiner, for ~$119M, or $1.15/share in cash, which represents an 8.5% premium over yesterday's closing price.

Besides U.S. producing assets in Montana and Nevada, FXEN has concessions around Poland, partly co-owned with Poland gas group PGNiG.

PKN currently buys most of its oil from neighboring Russia, and the deal would help expand its own E&P activities.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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