FX Energy (FXEN) 1.15 $FXEN
PKN ORLEN Announces Completion of Merger of Kiwi Acquisition Corp. with FX Energy, Inc.
BusinessWire - Thu Dec 31, 12:28PM CST
Polski Koncern Naftowy ORLEN S.A. (WSE: PKN) ("PKN ORLEN"
today announced the successful completion of the merger (the "Merger" of its indirectly wholly owned subsidiary, Kiwi Acquisition Corp. ("Merger Sub", a wholly owned subsidiary of ORLEN Upstream Sp. z o.o., a Polish private limited company ("Parent", with FX Energy, Inc. (NASDAQ: FXEN) (the "Company".
FXEN: 1.15 (unch)
PKN ORLEN's Offer for FX Energy, Inc. Shares of Common Stock is Successful Following the Expiration of the Subsequent Offering Period
BusinessWire - Mon Dec 21, 8:00AM CST
Polski Koncern Naftowy ORLEN S.A. (WSE
KN) ("PKN ORLEN" through its indirectly wholly owned subsidiary, Kiwi Acquisition Corp. ("Merger Sub", a wholly owned subsidiary of ORLEN Upstream Sp. z o.o., a Polish private limited company ("Parent", today announced the successful completion of Merger Sub's all cash tender offer (the "Tender Offer" for all issued and outstanding shares of common stock of FX Energy, Inc. (NASDAQ:FXEN) (the "Company".
FXEN: 1.15 (unch)
FX Energy Announces Successful Completion of Tender Offer for its Common Stock by ORLEN Upstream and Commencement of Subsequent Offering Period by ORLEN Upstream
PR Newswire - Tue Dec 08, 8:59AM CST
FX Energy, Inc. (NASDAQ: FXEN) (the "Company" today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has successfully completed its previously announced tender offer (the "Tender Offer" for all of the outstanding shares of common stock of the Company. The Tender Offer was made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub.
FXEN: 1.15 (unch)
FX Energy Announces Second Extension of Expiration of Tender Offer for its Common Stock by ORLEN Upstream to 12:01 a.m., Eastern Time, Tuesday, December 8, 2015
PR Newswire - Fri Dec 04, 12:44PM CST
FX Energy, Inc. (NASDAQ: FXEN) (the "Company" today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has extended the expiration of its previously announced tender offer (the "Tender Offer" for all outstanding shares of common stock of the Company. The Tender Offer is being made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub.
FXEN: 1.15 (unch)
FX Energy Announces Extension of Expiration of Tender Offer for its Common Stock by ORLEN Upstream
PR Newswire - Fri Nov 20, 4:00PM CST
FX Energy, Inc. (NASDAQ: FXEN) (the "Company" today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has extended the expiration of its previously announced tender offer (the "Tender Offer" for all outstanding shares of common stock of the Company. The Tender Offer is being made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub.
FXEN: 1.15 (unch)
FX Energy Announces Commencement of Tender Offer for its Common Stock by ORLEN Upstream
PR Newswire - Thu Oct 29, 3:59PM CDT
FX Energy, Inc. (NASDAQ: FXEN) (the "Company" today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has commenced a tender offer (the "Tender Offer" to acquire all of the outstanding shares of common stock of the Company for $1.15 per share in cash, without interest and less any applicable withholding taxes. The Tender Offer is being made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub.
FXEN: 1.15 (unch)
Harwood Feffer LLP Announces Investigation of FX Energy, Inc.
PR Newswire - Fri Oct 16, 2:48PM CDT
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of FX Energy, Inc. ("FX Energy" or the "Company" (NASDAQ: FXEN) concerning the proposed acquisition of the Company by Orlen Upstream Sp. z o.o. ("Orlen".
FXEN: 1.15 (unch)
FX Energy, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with ORLEN Upstream Sp. Z o.o.
BusinessWire - Thu Oct 15, 12:23PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of FX Energy, Inc. ("FX Energy" (NASDAQ GS: FXEN) concerning the merger with ORLEN Upstream Sp. Z o.o. Under the terms of the agreement, valued at approximately $119 million, FX Energy shareholders will only receive $1.15 per share held, which is virtually no premium over the closing price before the deal was announced.
FXEN: 1.15 (unch)
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of FX Energy, Inc. And Encourages Investors To Contact The Firm For Additional Information
BusinessWire - Tue Oct 13, 5:34PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of FX Energy, Inc. (NasdaqGS: FXEN) ("FX Energy" or the "Company" relating to the proposed buyout of the Company by ORLEN Upstream Sp. Z o.o., in a transaction valued at approximately $119 million.
FXEN: 1.15 (unch)
EQUITY ALERT: Rosen Law Firm Announces Investigation of FX Energy, Inc. Concerning Its Proposed Sale to ORLEN Upstream Sp. z o.o. - FXEN, FXENP
BusinessWire - Tue Oct 13, 2:57PM CDT
Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of FX Energy, Inc. (NASDAQ: FXEN, FXENP) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop FX Energy to maximize shareholder value before agreeing to be acquired by ORLEN Upstream Sp. z o.o.
FXEN: 1.15 (unch)
FX ENERGY, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
PR Newswire - Tue Oct 13, 12:37PM CDT
Rigrodsky & Long, P.A.:
FXEN: 1.15 (unch)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of FX Energy, Inc. of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to ORLEN Upstream Sp. Z o.o.
BusinessWire - Tue Oct 13, 10:00AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
FXEN: 1.15 (unch)
FX Energy Announces Agreement to Be Acquired by ORLEN Upstream
PR Newswire - Tue Oct 13, 1:00AM CDT
FX Energy, Inc. (NASDAQ: FXEN, FXENP) today announced that it has entered into a definitive merger agreement pursuant to which ORLEN Upstream Sp. z o.o. will acquire all of the outstanding shares of common stock of FX Energy. ORLEN Upstream is the wholly-owned exploration and production subsidiary of PKN ORLEN SA (GPW: PKN).
FXEN: 1.15 (unch)
FX Energy (FXEN) in Focus: Stocks Moves 9.9% Higher
Zacks Equity Research - Zacks Investment Research - Mon Oct 05, 7:05AM CDT
FX Energy Inc. (FXEN) was a big mover last session, as the company saw its shares rise nearly 10% on the day.
FXEN: 1.15 (unch)
FX Energy Reports Successful Test of Miloslaw-4k Well
PR Newswire - Fri Oct 02, 7:55AM CDT
FX Energy, Inc. (NASDAQ: FXEN) today reported that drilling, coring, logging and testing of the Miloslaw-4k well have been completed. The well flowed gas with no observable water at a rate of 4.32 mmcfg/d on a 16/64" choke from a 41.3 meter interval in the Rotliegend sandstone. True vertical depth of the producing zone is from 3632.9 meters to 3674.2 meters, the longest producing interval of any of the Company's wells in Poland. The well is being completed and is expected to begin producing in 2016/2017.
FXEN: 1.15 (unch)
FX Energy Declares Quarterly Dividend on its Series B Cumulative Convertible Preferred Stock
PR Newswire - Fri Sep 18, 12:57PM CDT
FX Energy, Inc. (NASDAQ: FXEN) (NASDAQ: FXENP), today announced that its board of directors has declared a quarterly cash dividend payment on the Company's 9.25% Series B Cumulative Convertible Preferred Stock (the "Series B Preferred Stock".
FXEN: 1.15 (unch), FXENP: 25.60 (+0.01)
FX Energy Reports Second Quarter and First Half Results
Marketwired - Thu Aug 06, 3:09PM CDT
FX Energy, Inc. (NASDAQ: FXEN) today announced financial results for its second quarter ended June 30, 2015. The Company reported a second quarter net loss of $0.6 million, or $(0.02) per share. This compares to a net loss of $4.5 million, or $(0.08) per share, for the second quarter of 2014. Included in the Company's quarterly results were noncash (and intercompany) foreign exchange gains of $2.2 million in 2015 and foreign exchange losses $0.7 million in 2014. Without the foreign exchange gains and losses, the Company would have recorded a net loss of $2.8 million for the quarter ended June 30, 2015, and a net loss of $3.8 million for the quarter ended June 30, 2014.
FXEN: 1.15 (unch)
FX Energy Announces Process to Explore Sale of Company
Marketwired - Thu Aug 06, 3:01PM CDT
FX Energy, Inc. (NASDAQ: FXEN) today announced that its Board of Directors has commenced a process to explore a possible sale of the Company or other transaction. The Company has engaged Evercore Group L.L.C. as its financial advisor to assist with the process.
FXEN: 1.15 (unch)
FX Energy Schedules Second Quarter 2015 Financial and Operating Results Conference Call
Marketwired - Fri Jul 31, 2:52PM CDT
FX Energy, Inc. (NASDAQ: FXEN) announced today that a conference call to discuss the Company's second quarter 2015 financial and operating results will be held at 4:30 p.m. ET on Thursday, August 6, 2015. The call will be hosted by David Pierce, FX Energy's President and CEO. The call will also include a discussion of the Company's current operations. Financial and operating results will be released on August 6, 2015, prior to the call.
FXEN: 1.15 (unch)
FX Energy Closes New Senior Credit Facility
PR Newswire - Wed Jul 29, 3:37PM CDT
FX Energy, Inc. (NASDAQ: FXEN) today reported it has finalized a new five-year, up to EUR 90 Million Senior Reserve Based Lending Facility. BNP Paribas (Suisse) SA ("BNPP" acted as Coordinating Mandated Lead Arranger. ING Bank N.V. ("ING" acted as Mandated Lead Arranger. The initial commitment of the facility is EUR 55 Million. FX Energy can seek additional commitments up to EUR 90 Million through the new lending facility via an "embedded accordion mechanism." The initial borrowing base is EUR 45.1 million, which is approximately equivalent to the USD 50 million outstanding at June 30, 2015. The new agreement replaces the USD 100 million facility that was put in place in July 2013.
FXEN: 1.15 (unch)
PKN ORLEN Announces Completion of Merger of Kiwi Acquisition Corp. with FX Energy, Inc.
BusinessWire - Thu Dec 31, 12:28PM CST
Polski Koncern Naftowy ORLEN S.A. (WSE: PKN) ("PKN ORLEN"
today announced the successful completion of the merger (the "Merger" of its indirectly wholly owned subsidiary, Kiwi Acquisition Corp. ("Merger Sub", a wholly owned subsidiary of ORLEN Upstream Sp. z o.o., a Polish private limited company ("Parent", with FX Energy, Inc. (NASDAQ: FXEN) (the "Company". FXEN: 1.15 (unch)
PKN ORLEN's Offer for FX Energy, Inc. Shares of Common Stock is Successful Following the Expiration of the Subsequent Offering Period
BusinessWire - Mon Dec 21, 8:00AM CST
Polski Koncern Naftowy ORLEN S.A. (WSE
KN) ("PKN ORLEN" through its indirectly wholly owned subsidiary, Kiwi Acquisition Corp. ("Merger Sub", a wholly owned subsidiary of ORLEN Upstream Sp. z o.o., a Polish private limited company ("Parent", today announced the successful completion of Merger Sub's all cash tender offer (the "Tender Offer" for all issued and outstanding shares of common stock of FX Energy, Inc. (NASDAQ:FXEN) (the "Company". FXEN: 1.15 (unch)
FX Energy Announces Successful Completion of Tender Offer for its Common Stock by ORLEN Upstream and Commencement of Subsequent Offering Period by ORLEN Upstream
PR Newswire - Tue Dec 08, 8:59AM CST
FX Energy, Inc. (NASDAQ: FXEN) (the "Company"
today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has successfully completed its previously announced tender offer (the "Tender Offer" for all of the outstanding shares of common stock of the Company. The Tender Offer was made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub. FXEN: 1.15 (unch)
FX Energy Announces Second Extension of Expiration of Tender Offer for its Common Stock by ORLEN Upstream to 12:01 a.m., Eastern Time, Tuesday, December 8, 2015
PR Newswire - Fri Dec 04, 12:44PM CST
FX Energy, Inc. (NASDAQ: FXEN) (the "Company"
today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has extended the expiration of its previously announced tender offer (the "Tender Offer" for all outstanding shares of common stock of the Company. The Tender Offer is being made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub. FXEN: 1.15 (unch)
FX Energy Announces Extension of Expiration of Tender Offer for its Common Stock by ORLEN Upstream
PR Newswire - Fri Nov 20, 4:00PM CST
FX Energy, Inc. (NASDAQ: FXEN) (the "Company"
today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has extended the expiration of its previously announced tender offer (the "Tender Offer" for all outstanding shares of common stock of the Company. The Tender Offer is being made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub. FXEN: 1.15 (unch)
FX Energy Announces Commencement of Tender Offer for its Common Stock by ORLEN Upstream
PR Newswire - Thu Oct 29, 3:59PM CDT
FX Energy, Inc. (NASDAQ: FXEN) (the "Company"
today announced that Kiwi Acquisition Corp. ("Merger Sub", a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. ("ORLEN Upstream", has commenced a tender offer (the "Tender Offer" to acquire all of the outstanding shares of common stock of the Company for $1.15 per share in cash, without interest and less any applicable withholding taxes. The Tender Offer is being made pursuant to an Offer to Purchase dated October 27, 2015 (the "Offer to Purchase" and under the terms and conditions of the previously announced Agreement and Plan of Merger dated as of October 13, 2015 CET (October 12, 2015 MST) (the "Merger Agreement" among the Company, ORLEN Upstream and Merger Sub. FXEN: 1.15 (unch)
Harwood Feffer LLP Announces Investigation of FX Energy, Inc.
PR Newswire - Fri Oct 16, 2:48PM CDT
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of FX Energy, Inc. ("FX Energy" or the "Company"
(NASDAQ: FXEN) concerning the proposed acquisition of the Company by Orlen Upstream Sp. z o.o. ("Orlen". FXEN: 1.15 (unch)
FX Energy, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with ORLEN Upstream Sp. Z o.o.
BusinessWire - Thu Oct 15, 12:23PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of FX Energy, Inc. ("FX Energy"
(NASDAQ GS: FXEN) concerning the merger with ORLEN Upstream Sp. Z o.o. Under the terms of the agreement, valued at approximately $119 million, FX Energy shareholders will only receive $1.15 per share held, which is virtually no premium over the closing price before the deal was announced. FXEN: 1.15 (unch)
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of FX Energy, Inc. And Encourages Investors To Contact The Firm For Additional Information
BusinessWire - Tue Oct 13, 5:34PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of FX Energy, Inc. (NasdaqGS: FXEN) ("FX Energy" or the "Company"
relating to the proposed buyout of the Company by ORLEN Upstream Sp. Z o.o., in a transaction valued at approximately $119 million. FXEN: 1.15 (unch)
EQUITY ALERT: Rosen Law Firm Announces Investigation of FX Energy, Inc. Concerning Its Proposed Sale to ORLEN Upstream Sp. z o.o. - FXEN, FXENP
BusinessWire - Tue Oct 13, 2:57PM CDT
Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of FX Energy, Inc. (NASDAQ: FXEN, FXENP) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop FX Energy to maximize shareholder value before agreeing to be acquired by ORLEN Upstream Sp. z o.o.
FXEN: 1.15 (unch)
FX ENERGY, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
PR Newswire - Tue Oct 13, 12:37PM CDT
Rigrodsky & Long, P.A.:
FXEN: 1.15 (unch)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of FX Energy, Inc. of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to ORLEN Upstream Sp. Z o.o.
BusinessWire - Tue Oct 13, 10:00AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
FXEN: 1.15 (unch)
FX Energy Announces Agreement to Be Acquired by ORLEN Upstream
PR Newswire - Tue Oct 13, 1:00AM CDT
FX Energy, Inc. (NASDAQ: FXEN, FXENP) today announced that it has entered into a definitive merger agreement pursuant to which ORLEN Upstream Sp. z o.o. will acquire all of the outstanding shares of common stock of FX Energy. ORLEN Upstream is the wholly-owned exploration and production subsidiary of PKN ORLEN SA (GPW: PKN).
FXEN: 1.15 (unch)
FX Energy (FXEN) in Focus: Stocks Moves 9.9% Higher
Zacks Equity Research - Zacks Investment Research - Mon Oct 05, 7:05AM CDT
FX Energy Inc. (FXEN) was a big mover last session, as the company saw its shares rise nearly 10% on the day.
FXEN: 1.15 (unch)
FX Energy Reports Successful Test of Miloslaw-4k Well
PR Newswire - Fri Oct 02, 7:55AM CDT
FX Energy, Inc. (NASDAQ: FXEN) today reported that drilling, coring, logging and testing of the Miloslaw-4k well have been completed. The well flowed gas with no observable water at a rate of 4.32 mmcfg/d on a 16/64" choke from a 41.3 meter interval in the Rotliegend sandstone. True vertical depth of the producing zone is from 3632.9 meters to 3674.2 meters, the longest producing interval of any of the Company's wells in Poland. The well is being completed and is expected to begin producing in 2016/2017.
FXEN: 1.15 (unch)
FX Energy Declares Quarterly Dividend on its Series B Cumulative Convertible Preferred Stock
PR Newswire - Fri Sep 18, 12:57PM CDT
FX Energy, Inc. (NASDAQ: FXEN) (NASDAQ: FXENP), today announced that its board of directors has declared a quarterly cash dividend payment on the Company's 9.25% Series B Cumulative Convertible Preferred Stock (the "Series B Preferred Stock"
. FXEN: 1.15 (unch), FXENP: 25.60 (+0.01)
FX Energy Reports Second Quarter and First Half Results
Marketwired - Thu Aug 06, 3:09PM CDT
FX Energy, Inc. (NASDAQ: FXEN) today announced financial results for its second quarter ended June 30, 2015. The Company reported a second quarter net loss of $0.6 million, or $(0.02) per share. This compares to a net loss of $4.5 million, or $(0.08) per share, for the second quarter of 2014. Included in the Company's quarterly results were noncash (and intercompany) foreign exchange gains of $2.2 million in 2015 and foreign exchange losses $0.7 million in 2014. Without the foreign exchange gains and losses, the Company would have recorded a net loss of $2.8 million for the quarter ended June 30, 2015, and a net loss of $3.8 million for the quarter ended June 30, 2014.
FXEN: 1.15 (unch)
FX Energy Announces Process to Explore Sale of Company
Marketwired - Thu Aug 06, 3:01PM CDT
FX Energy, Inc. (NASDAQ: FXEN) today announced that its Board of Directors has commenced a process to explore a possible sale of the Company or other transaction. The Company has engaged Evercore Group L.L.C. as its financial advisor to assist with the process.
FXEN: 1.15 (unch)
FX Energy Schedules Second Quarter 2015 Financial and Operating Results Conference Call
Marketwired - Fri Jul 31, 2:52PM CDT
FX Energy, Inc. (NASDAQ: FXEN) announced today that a conference call to discuss the Company's second quarter 2015 financial and operating results will be held at 4:30 p.m. ET on Thursday, August 6, 2015. The call will be hosted by David Pierce, FX Energy's President and CEO. The call will also include a discussion of the Company's current operations. Financial and operating results will be released on August 6, 2015, prior to the call.
FXEN: 1.15 (unch)
FX Energy Closes New Senior Credit Facility
PR Newswire - Wed Jul 29, 3:37PM CDT
FX Energy, Inc. (NASDAQ: FXEN) today reported it has finalized a new five-year, up to EUR 90 Million Senior Reserve Based Lending Facility. BNP Paribas (Suisse) SA ("BNPP"
acted as Coordinating Mandated Lead Arranger. ING Bank N.V. ("ING" acted as Mandated Lead Arranger. The initial commitment of the facility is EUR 55 Million. FX Energy can seek additional commitments up to EUR 90 Million through the new lending facility via an "embedded accordion mechanism." The initial borrowing base is EUR 45.1 million, which is approximately equivalent to the USD 50 million outstanding at June 30, 2015. The new agreement replaces the USD 100 million facility that was put in place in July 2013. FXEN: 1.15 (unch)
