The company’s 10,000-acre field in the Southwest Cut Bank Sand Unit will be included in the joint exploration program and FX Energy will hold a one-third interest in the overall project.
A minimum of three vertical wells will be drilled to evaluate the potential of the acreage over the next several months.
If the tests confirm the potential that the companies believe exists in the project area, the wells will be drilled horizontally and fracced.
FX Drilling, a wholly owned subsidiary of FX Energy, will be the drilling contractor for the wells.
