FX Energy, Inc. engages in the exploration, development, and production of oil and gas properties in the Republic of Poland and the United States. The company’s projects comprise the exploration and exploitation of oil and gas prospects in association with the Polish Oil and Gas Company and other industry partners. Its activities in Poland are conducted in four project areas: Fences I, Fences II, Fences III, and Wilga. The company produces oil from fields in Cut Bank, Bears Den, and Rattlers Butte properties in Montana; and Trap Spring, Munson Ranch, and Bacon Flat properties in Nevada. It also has an oilfield services company in northern Montana that performs contract drilling and well services, including drilling, workovers, location work, cementing, and acidizing in the United States. As of December 31, 2004, it had proved reserves of 809 thousand oilfield barrels of oil in the United States, as well as 111 thousand oilfield barrels of oil and 10,198 million cubic feet of natural gas in Poland. FX Energy has a strategic relationship with the Polish Oil and Gas Company. The company is based in Salt Lake City, Utah.