Attached files
| file | filename |
|---|---|
| EX-10.97 - FX ENERGY INC | ex10978k080510.htm |
| EX-10.95 - FX ENERGY INC | ex10958k080510.htm |
| EX-10.96 - FX ENERGY INC | ex10968k080510.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (date of earliest event reported): August 5, 2010
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FX
ENERGY, INC.
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(Exact
name of registrant as specified in its charter)
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Nevada
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000-25386
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87-0504461
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(State
or other jurisdiction of
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(Commission
File Number)
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(IRS
Employer
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incorporation
or organization)
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Identification
No.)
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3006
Highland Drive, Suite 206
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Salt
Lake City, Utah
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84106
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(Address
of principal executive offices)
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(Zip
code)
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Registrant’s
telephone number, including area code:
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(801)
486-5555
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N/A
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(Former
name or former address, if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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ITEM
1.01—ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On August 5, 2010, FX Energy, Inc. (the
“Company”), entered into a USD 55,000,000 Senior Reserve Base Lending Facility
Agreement with The Royal Bank of Scotland Plc, ING Bank N.V., and KBC Bank NV
(the “Facility”). The Facility provides up to $55 million in lending
to the Company’s Polish subsidiary, as borrower, to repay the previously
outstanding $25 million credit facility with The Royal Bank of Scotland Plc and
to pay for production facilities for the Company’s oil and gas wells in
Poland. The initial expenditures will be for production facilities
and pipelines for the Company’s three KSK wells.
Repayment of the Facility is secured by
an encumbrance on the Company’s oil- and gas-producing properties in Poland and
all intercompany advances from the Company to its Polish subsidiary and is
guaranteed by the Company. All outstanding balances under the
Facility bear interest at LIBOR plus 4% before June 30, 2013, and 5%
thereafter. Based upon the Company’s oil and gas reserves in Poland
and related production forecasts, the lenders have indicated that the Company
may draw down $40 million under the Facility, until its KSK wells have been
producing for 30 days, at which time the full $55 million becomes
available. Interest is payable currently, with principal reductions
commencing in June 2013.
ITEM
9.01—FINANCIAL STATEMENTS AND EXHIBITS
The following are filed
as exhibits to this report:
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Exhibit
Number
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Title
of Document
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Location
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10
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Material
Contracts
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10.95
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USD
55,000,000 Senior Reserve Base Lending Facility Agreement among FX Energy
Poland Sp. z o.o., FX Energy, Inc., FX Energy Netherlands Partnership
C.V., FX Energy Netherlands B.V., The Royal Bank of Scotland Plc, ING Bank
N.V., and KBC Bank NV dated August 5, 2010
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This
filing.
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10.96
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Intercreditor
Deed among FX Energy Poland Sp. z o.o, The Royal Bank Of Scotland Plc, and
the subordinated lenders dated August 5, 2010
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This
filing.
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10.97
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Deed
of Pledge of Registered Shares among Frontier Exploration Company and FX
Drilling Company, Inc., in their capacity of general partners of FX Energy
Netherlands Partnership C.V.; The Royal Bank of Scotland Plc; and FX
Energy Netherlands B.V., dated August 6, 2010
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This
filing.
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_______________
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*
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All
exhibits are numbered with the number preceding the decimal indicating the
applicable SEC reference number in Item 601 and the number following the
decimal indicating the sequence of the particular
document. Omitted numbers in the sequence refer to documents
previously filed as an exhibit.
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2
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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FX
ENERGY, INC.
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Registrant
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Dated: August
11, 2010
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By:
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/s/
Clay Newton
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Clay
Newton, Vice President
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