FX Energy Operational Update
FX Energy Inc. (NASDAQ: FXEN) has provided an operational update today, announcing that it has begun drilling at its Lisewo-2 development well. The well will be served by the company’s Lisewo production facility which is scheduled to go on-line by the end of September. The company has also announced that the Szymanowice-1 well, which it holds a 49 percent stake in, will being drilling in the Lisewo area of the Fences concession by the end of September.
Japan Natural Gas Investing
Liquefied Natural Gas (LNG) in Japan is running close to $16 thousand per BTUs right now. Compare this to the $9.06 LNG composite price in the United States, and it becomes clear why the island nation is pushing for cheaper pricing. As U.S. oil and gas companies continue to spew out record numbers of natural gas, Japan is just one more driving factor behind increased exportation efforts. For more on the role of the U.S. shale boom in Japan’s push for natural gas, click here.
