FX Energy Provides Drilling Update on Kromolice-1 Well

SALT LAKE CITY, UT, Aug 05 (MARKET WIRE) --
FX Energy, Inc. (NASDAQ: FXEN) today provided an update on the
Kromolice-1 well currently drilling in western Poland. Two additional
cores have been taken and another drill stem test has been completed
successfully. Based on this additional testing, the Kromolice North
structure appears likely to be a commercial accumulation. Plans call for
one further core before drilling to total depth and logging. Log results
are expected in the next week and details will be provided at that time.

"We expect to run logs on the Kromolice-1 well, and have that data
available in the next week to ten days. At that time we will be able to
provide information on porosity, thickness of the pay zone and other
reservoir parameters," said Andy Pierce, VP of Operations for FX Energy.
The Polish Oil and Gas Company is the operator and owns 51%; FX Energy
owns 49% of the working interest.

About FX Energy

FX Energy is an independent oil and gas exploration and production company
with production in the US and Poland. The Company's main exploration
activity is focused on Poland's Permian Basin where the gas-bearing
Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore
England. The Company trades on the NASDAQ Global Market under the symbol
FXEN. Website www.fxenergy.com.

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements. Forward-looking
statements are not guarantees. For example, exploration, drilling,
development, construction or other projects or operations may be subject
to the successful completion of technical work; environmental,
governmental or partner approvals; equipment availability, or other
things that are or may be beyond the control of the Company. Operations
that are anticipated, planned or scheduled may be changed, delayed, take
longer than expected, fail to accomplish intended results, or not take
place at all.

In carrying out exploration it is necessary to identify and evaluate risks
and potential rewards. This identification and evaluation is informed by
science but remains inherently uncertain. Subsurface features that appear
to be possible traps may not exist at all, may be smaller than
interpreted, may not contain hydrocarbons, may not contain the quantity
or quality estimated, or may have reservoir conditions that do not allow
adequate recovery to render a discovery commercial or profitable.
Forward-looking statements about the size, potential or likelihood of
discovery with respect to exploration targets are certainly not
guarantees of discovery or of the actual presence or recoverability of
hydrocarbons, or of the ability to produce in commercial or profitable
quantities. Estimates of potential typically do not take into account all
the risks of drilling and completion nor do they take into account the
fact that hydrocarbon volumes are never 100% recoverable. Such estimates
are part of the complex process of trying to measure and evaluate risk
and reward in an uncertain industry.

Forward-looking statements are subject to risks and uncertainties outside
FX Energy's control. Actual events or results may differ materially from
the forward-looking statements. For a discussion of additional
contingencies and uncertainties to which information respecting future
events is subject, see FX Energy's SEC reports or visit FX Energy's
website at www.fxenergy.com.

Contact:
Scott J. Duncan
FX Energy, Inc.
3006 Highland Drive, Suite 206
Salt Lake City, Utah 84106
(801) 486-5555
Fax (801) 486-5575
www.fxenergy.com

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