FX Energy, based in Salt Lake City, UT, has been stepping up its exploration activities in Poland since 2004. Poland, along with the rest of Eastern Europe, was behind the Iron Curtain for nearly 50 years, remaining largely unexplored despite having vast undiscovered hydrocarbon potential.
The main attraction of producing gas in Poland is the current fundamentals in the European gas market. Disputes between Russia and Ukraine have made them unreliable energy partners for Europe--a problem because the EU imports half of its gas from Russia with few viable alternatives. In addition, Europe’s gas production has fallen. Issues like this leave FX Energy in an enviable position, producing increasing quantities of gas in EU member Poland. To read the full article by Anthony W. Haddad, go to page 76 of the digital magazine.
FX Energy, Inc. was recently featured alongside GMX Resources, Inc. (NASDAQ: GMXR), Doral Energy Corp (OTCBB: DEGY), EnerJex Resources, Inc. (OTCBB: ENRJ) and Continental Resources, Inc. (NYSE: CLR) in the September 2009 issue of EQUITIES Magazine.
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Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.