SALT LAKE CITY, Dec. 4, 2015 /PRNewswire/ -- 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.
The Tender Offer, previously scheduled to expire at 12:01 a.m., Eastern Time, on Saturday, December 5, 2015, will now expire at
12:01 a.m., Eastern Time, on Tuesday,
December 8, 2015 (unless further extended in accordance with
the terms of the Merger Agreement). The Tender Offer is being
extended to allow shareholders additional time to consider the
Tender Offer. Except for the extension of the Tender Offer, all
other terms and conditions of the Tender Offer remain
unchanged.
ABOUT FX ENERGY
FX Energy is an independent oil and gas exploration and
production company with production in the US 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.
IMPORTANT ADDITIONAL INFORMATION AND WHERE YOU CAN FIND
IT
This press release is neither an offer to purchase nor a
solicitation of an offer to sell securities. Merger Sub and ORLEN
Upstream have filed with the Securities and Exchange Commission
(the "SEC") a Tender Offer Statement on Schedule TO (as
amended, the "Schedule TO"), containing the Offer to
Purchase, the related form of Letter of Transmittal (the "Letter
of Transmittal") and other related materials and have mailed
the Offer to Purchase, Letter of Transmittal and related documents
to holders of the Company's common stock. The Company also
has filed a Solicitation/Recommendation Statement on Schedule 14D-9
(as amended, the "Schedule 14D-9") with the SEC. The
Schedule TO, Offer to Purchase, Letter of Transmittal, Schedule
14D-9 and related documents, as they may be amended or supplemented
from time to time, contain important information that should be
read carefully before any decision is made with respect to the
Tender Offer. These materials may be obtained for free by
directing a request by mail to Georgeson, Inc., 480 Washington
Boulevard, 26th Floor Jersey City,
NJ 07310 or by calling toll-free in the United States (888) 663-7851. These
materials also are available at no charge on the SEC's web site at
www.sec.gov.
FORWARD-LOOKING STATEMENTS
Statements in this press release regarding the proposed
transaction, the expected timetable for completing the proposed
transaction, benefits of the proposed transaction, future financial
and operating results and any other statements about the future
expectations, beliefs, goals, plans or prospects of FX Energy, Inc.
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including
statements containing the words "believes," "plans," "anticipates,"
"expects," "estimates" and similar expressions) should also be
considered to be forward-looking statements. There are a
number of important factors that could cause actual results or
events to differ materially from those indicated by such
forward-looking statements, including: the ability to consummate
the proposed transaction; the ability to obtain any remaining
requisite regulatory and stockholder approval and the satisfaction
of the other conditions to the consummation of the proposed
transaction; the potential impact of the announcement or
consummation of the proposed transaction on relationships,
including with employees, suppliers, customers and competitors; and
the other factors and financial, operational and legal risks or
uncertainties described in the Schedule 14D-9 and FX Energy Inc.'s
Annual Report on Form 10-K for the year ended December 31, 2014 and other reports filed with
the SEC under the Securities Exchange Act of 1934. FX Energy,
Inc. disclaims any intention or obligation to update any
forward-looking statements as a result of developments occurring
after this date except as required by law.
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SOURCE FX Energy, Inc.