SALT LAKE CITY, Utah,
March 19, 2015 /PRNewswire/ -- 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").
The quarterly dividend on the Series B Preferred Stock is
payable on April 30, 2015, to holders
of record at the close of business on March
31, 2015.
The quarterly dividend payment on the Series B Preferred Stock
will be $0.578125 per share, which is
equivalent to an annualized 9.25% per share, based on the
$25.00 per share stated liquidation
preference, accruing from December 31,
2014, through March 31, 2015.
The Series B Preferred Stock is listed on the NASDAQ Capital
Market and trades under the ticker symbol "FXENP."
About FX Energy
FX Energy is an independent oil and gas exploration and
production company with production in the U.S. and Poland.
The Company's main exploration and production 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 Select Market under the symbol FXEN.
Website www.fxenergy.com.
FORWARD-LOOKING STATEMENTS
This press release and the related earnings conference call
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not guarantees of future
performance. 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, 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, including risks and
uncertainties as described in the Company's public filings with the
SEC. 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. In providing
forward-looking statements, the Company is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law.
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SOURCE FX Energy, Inc.