Forward-Looking Statements

FX Energy’s website contains forward-looking statements within the meaning of the federal securities laws. These statements include, among others, the following:

• future drilling results;
• anticipated expenditures;
• future drilling schedules;
• exploration and development plans;
• completion of gas sales contracts and transportation and production facilities;
• application of exploration models; and
• reserve estimates and forecasts.

Forward-looking statements typically are identified by the use of such terms as "may," "will," "expect," "anticipate," "estimate" and similar words, although some forward-looking statements are expressed differently. You should be aware that our actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including our ability to:

• discover commercial quantities of oil and natural gas;
• sell and deliver oil and natural gas;
• establish a credit facility or obtain capital from other sources; and
• maintain our strategic relationship with POGC.

You should also consider carefully other statements herein which address additional factors that could cause our actual results to differ from those set forth in the forward-looking statements.



Cautionary Note to U.S. Investors About Reserve Estimates.
The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this web site, such as "recoverable reserves," that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.

U.S. Investors are urged to consider closely the disclosure in our Form 10-K. You can also obtain this form from the SEC by calling 1-800-SEC-0330.