Fx Energy, Inc. (FXEN) rated Buy with price target $9.25 by Brean Murray
Fx Energy, Inc. (NASDAQ: FXEN)
rated Buy with price target $9.25 by Brean Murray.
FX Energy, Inc. is an independent gas and oil exploration and production company with principal production, reserves, and exploration activities in Poland and United States. During the year ended December 31, 2008, the Company held gas and oil exploration rights in Poland in nine separately designated project areas encompassing approximately 5.4 million gross acres. The Company owns 100% working interest in approximately 4.3 million gross acres. The Company?s oil interests in the United States consist of shallow, oil producing wells in the CutBank Oil Field of Montana. During 2008, the United States reserves were estimated at 45,000 barrels of crude oil.
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