Boston, MA 05/22/2013 (wallstreetpr) – The share prices of FX Energy Inc. (NASDAQ:FXEN) had increased by 38.03 percent to close at $4.90 per share during the trading session. The energy firm involved in oil and gas exploration and production traded in the range of $3.75 to $6.18 per share during the day. FX Energy Inc. (NASDAQ:FXEN) witnessed the exchange of 10.60 million shares during the day, while the average trading volume for the company is only 453,862 shares per day.
Production tests successful
FX Energy Inc. (NASDAQ:FXEN) recently reported that the production tests using Tuchola – 3K tests had reported good flow in gas at the range of 3.8 to 5.5 million cubic feet of gas per day without water. This new discovery would thus enable FX Energy Inc. (NASDAQ:FXEN) to consider new exploration possibilities in Poland. Further, the energy firm plans to continue the success in Tuchola – 3K test with 3D seismic acquisition over an area of 100 square kilometres.
The energy firm is primarily involved in the exploration and production of oil and gas in Poland and United States. FX Energy Inc. (NASDAQ:FXEN) operates and manages two business segments – one is the Exploration and Production segment for activities in Poland and the United States and the other is the oilfield services segment in the United States. FX Energy Inc. (NASDAQ:FXEN) has a market capitalization of $261.74 million and had floated 53.42 million shares to the common stockholders. The shares of the energy firm have a 52 week high price level of $8.77 per share.