FX Energy Inc. has signed an agreement with American Eagle Energy Inc., and Big Sky Operating LLC, to jointly explore approximately 75,000 acres in the Alberta Bakken in Northwest Montana. FX Energy's 10,000 acre field in the Southwest Cut Bank Sand Unit will be included in the joint exploration program and the company will own a one-third interest in the overall project.
The companies plan to drill a minimum of three vertical wells 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 fracked. The drilling contractor for the wells will be the company's wholly owned subsidiary FX Drilling Company.
FX Energy is an independent oil and gas exploration and production company with production in the US and Poland.
Source: FX Energy Inc.
