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Gold/Mining/Energy : Oil & Gas Exploration & Production Co.'s

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To: Arktic who wrote (17)1/18/2003 6:26:45 PM
From: Ed Ajootian  Read Replies (1) of 112
 
Paul, Finally got a chance to look at FX Energy (FXEN) and bought a little bit of it at $3.20. Anybody that can do a farmout and end up with a 25% carried interest these days must have something pretty good goin'. I haven't had a chance to bone up on their geology but it stands to reason that Poland would be an under-exploited area.

I'm a bit nervous about their $5 M of short term debt but since the market doesn't seem to share my concern maybe I'm missing something.

Here in New England its been going below 0 F at night. I may as well be in Alaska!
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