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FX Energy, Inc. Message Board

  • Arktic Arktic Apr 26, 2005 11:07 AM Flag

    Long perspective

    Once again, great buying opportunity at these prices. FX has drilled into the top of the Sroda pay target. Upon well clean-out, gas flowed to surface. If this had not occurred, it may not have condemned the well but it certainly would have been a much uglier picture than the one posted on the website. Now, they need to drill deeper into the pay, see how thick it is, see if they drill into a gas water contact, etc. Then comes flow testing and associated engineering calculations from the well. There is absolutely nothing to be pessimistic about. On the contrary, the data currently available is VERY promising. I, for one, intend to patiently await further news. I have invested in a lot of oil and gas projects historically. Never have I been involved in a project as attractive as FX's. Current pricing is below bargain basement and reflects a lack of understanding of what has been proven, not to mention the increasing potential of the Fences concessions based upon the extant data confirming Hardman's interpretation of the Polish Permian Basin. Traders will continue to play their short-term nickel, dime, quarter game. The patient longs will enjoy the harvest over the next few years.

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1.150.00(+0.01%)Dec 31 4:00 PMEST