Last $2.87 USD
Change Today -0.07 / -2.38%
Volume 223.9K
FXEN On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

fx energy inc (FXEN) Snapshot

Open
$2.95
Previous Close
$2.94
Day High
$2.97
Day Low
$2.85
52 Week High
04/30/14 - $5.85
52 Week Low
10/8/14 - $2.59
Market Cap
155.2M
Average Volume 10 Days
246.6K
EPS TTM
$0.14
Shares Outstanding
54.1M
EX-Date
--
P/E TM
20.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for FX ENERGY INC (FXEN)

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fx energy inc (FXEN) Details

FX Energy, Inc., an independent oil and gas exploration and production company, is engaged in the production, appraisal, and exploration of oil and gas properties in the United States and Poland. The company primarily focuses on the exploration of Rotliegend sandstones in the Permian Basin, Poland. As of December 31, 2013, its estimated proved oil and gas reserves were 42.0 billion cubic feet of natural gas and 0.5 million barrels of oil, or a combined total of 44.8 billion cubic feet of natural gas equivalent. The company holds oil and gas exploration rights in a range of project areas comprising approximately 2.7 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 services. The company was founded in 1989 and is headquartered in Salt Lake City, Utah.

56 Employees
Last Reported Date: 03/13/14
Founded in 1989

fx energy inc (FXEN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $450.2K
Chairman, Executive Vice President and Member...
Total Annual Compensation: $301.9K
Principal Financial Officer, Chief Accounting...
Total Annual Compensation: $250.3K
Vice President of Operations
Total Annual Compensation: $331.3K
Vice President of International Exploration, ...
Total Annual Compensation: $331.3K
Compensation as of Fiscal Year 2013.

fx energy inc (FXEN) Key Developments

FX Energy, Inc. Begins Drilling at Angowice-1 Well

FX Energy Inc. announced that drilling has started at the company's Angowice-1 well. The main target is a Devonian carbonaceous buildup similar on seismic expression to the productive horizon at the Company's Tuchola field. The Angowice-1 is planned to drill to a total depth of approximately 3,400 meters with multiple targets in the middle and lower Zechstein and the upper and middle Devonian. The well is testing one of four structural features clustered in an area approximately 12 kilometers northwest of the Tuchola field. The 3-D seismic shows there are more and larger targets with potential for stacked pay, and provides strong evidence that the Tuchola field may be much larger than originally interpreted. All the data have seen to date from the Edge license are consistent with a new production system that could be extensive. The company's Tuchola field and the four Angowice area structures all are situated within a 240 square kilometer (60,000 acre) area covered by new 3-D seismic. The Company has identified other prospects in this 3-D seismic area that are under consideration for drilling in 2015. In addition, the Company currently is acquiring a further 300 square kilometers (75,000 acres) of 3-D seismic within the Edge license. The Edge license covers approximately 730,000 acres. The Company operates and owns 100% of the working interest.

FX Energy Inc. Reports Karmin-1 Well Discovery to Be Completed for Production

FX Energy Inc. reported that drilling, coring and logging of the Karmin-1 well have been completed. Results of these operations show 30 meters of gas-saturated Rotliegend sandstone with porosity of up to 30%. The well flowed at a rate up to 6.7 mmcfg/d on a 22/64" choke with no water. It will now be completed for production and is expected to start producing early in 2016. The Baraniec-1 well, which began drilling last month, has run casing to a depth of 3,894 meters at the base of the Zechstein. The well is a planned test of a Rotliegend sandstone structure. If successful, Baraniec-1 will be connected to the production facility at Lisewo and could be in production by year-end 2015. The Company also reported that the drill rig is in position on the Angowice-1 well location and drilling is expected to start in the next few days. The Angowice-1 well targets a 3-D defined Devonian reefoidal buildup at a projected depth of 3,084 meters. The target is similar to the productive horizon at the Tuchola field approximately 12 kilometers to the southeast. If the Angowice-1 well is successful it could share production facilities with the Tuchola wells.

FX Energy Declares Quarterly Dividend on Its Series B Cumulative Convertible Preferred Stock, Payable on October 31, 2014

FX Energy Inc. announced that its Board of Directors has declared a quarterly cash dividend payment on the company's 9.25% Series B Cumulative Convertible Preferred Stock. The quarterly dividend on the Series B Preferred Stock is payable on October 31, 2014, to holders of record at the close of business on September 30, 2014. The quarterly dividend payment on the Series B Preferred Stock will be $0.481771 per share, which is equivalent to an annualized 9.25% per share, based on the $25.00 per share stated liquidation preference, accruing from July 17, 2014, through September 30, 2014.

 

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Industry Analysis

FXEN

Industry Average

Valuation FXEN Industry Range
Price/Earnings 31.8x
Price/Sales 4.2x
Price/Book 3.7x
Price/Cash Flow 11.3x
TEV/Sales 2.7x
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