Document:

Exhibit 10.61

            Compensation Arrangement for Thomas B. Lovejoy and Others

         FX Energy, Inc. compensates the following named individuals, who serve
in the capacities indicated, under the oral arrangements described:

         Thomas B. Lovejoy, Chairman, commenced receiving an annual salary of
$151,307 on January 1, 2001. Effective July 1, 2002, Mr. Lovejoy agreed to waive
the payment of 50% of his salary until the board of directors determines that
the financial condition of the Company is such that his regular compensation can
be resumed.

         Peter L. Raven, director, receives a director's fee of $4,500 per
quarter, payable quarterly, together with seven-year options to purchase 10,000
shares of common stock at an exercise price equivalent to the market price of
the common stock as of the date of option grant. In 2002, the Company granted
options to Mr. Raven to purchase 10,000 shares on August 14, 2002, with an
exercise price of $2.40 per share. The option vests one-third on the first
anniversary of the date of grant and each anniversary thereafter until fully
vested. On July 1, 2002, Mr. Raven agreed to waive payment of his cash
director's fee until such time as the board of directors determines that the
financial condition of the Company is such that his regular director's fee can
be resumed.

         Clay Newton, director, receives seven-year options to purchase 10,000
shares of common stock at an exercise price equivalent to the market price of
the common stock as of the date of option grant. On August 14, 2002, the Company
granted options to Mr. Newton to purchase 10,000 shares with an exercise price
of $2.40 per share. The option vests one-third on the first anniversary of the
date of grant and each anniversary thereafter until fully vested.

         In addition, the Company pays Mr. Newton a consulting fee of $60.00 per
hour, except that effective July 1, 2002, Mr. Newton agreed to waive payment of
50% of the cash compensation payable to him until such time as the board of
directors determines that the financial condition of the Company is such that
his regular consulting fee can be resumed.Exhibit 10.62

                                    AGREEMENT

                  regarding cooperation within the Poznan Area

Entered into this 8th day of January 2003, by and between

1)       Polskie Gornictwo Naftowe i Gazownictwo S.A., having its seat in Warsaw
         at ul. Krucza 6/14 ("POGC"); and

2)       FX Energy Poland Sp. z o.o. having its seat in Warsaw at Al. Jana Pawla
         II 29 ("FX")

hereinafter jointly called the "Parties" and each of them individually a
"Party";

and

3)       FX Energy Inc. having its seat in Salt Lake City, Utah, USA at Highland
         Drive No. 3006 suite 206 ("FX USA"), acting as a surety for FX's
         obligations arising from this Agreement.

PREAMBULA:

A)       The Parties hereto have reached an agreement on all issues regarding
         conducting of their joint operations within the Fences area that were
         subject of discussions between the Parties and have concluded by
         signing the Settlement Agreement regarding the Fences area on this day.

B)       The Parties desire to conduct joint operations within an additional
         area described in detail in Appendix 1 (the ,,Poznan" area), on the
         similar principles as within the Fences area;

C)       The Parties desire to set forth the basic principles for their
         cooperation within the Poznan area.

Therefore, the Parties hereby have agreed as follows:

                                    Article 1
              Basic Parties' obligations and transaction documents

1.1      Subject as stated below, the Parties' initial interests in all rights
         and obligations within the Poznan area shall be as follows:

         - 51% POGC
         - 49% FX

<PAGE>

1.2      In exchange for the information and knowledge obtained by POGC as a
         result of geological work conducted within the Poznan area (either
         solely or jointly with other parties), FX commits to finance 100% costs
         of joint exploration operations until the sum of such costs reach USD 4
         million. The USD 4 million shall be spent by FX by December 31, 2004,
         in accordance with work programs and budgets approved pursuant to the
         Poznan JOA (defined below). The above commitment is in addition to and
         independent from FX commitments resulting from the Settlement Agreement
         regarding the Fences Area dated ___________, between POGC and FX

1.3      FX confirms that it is aware of the fact that POGC conducted certain
         exploration work jointly with Conoco and Ruhrgas within the Poznan
         Area, which did not result in any commercial discovery.

1.4      Operations within the Poznan Area shall be conducted pursuant to a
         joint operating agreement (the "Poznan JOA"), the detailed provisions
         of which both Parties shall negotiate promptly in good faith and which
         both Parties shall sign no later than 30 days from the date hereof. The
         Poznan JOA shall be substantially in the same form and content as the
         respective agreement regarding the Fences JOA (as amended), and shall
         reflect the following basic terms:

         a)       the Parties interests in all rights, assets, obligations and
                  liabilities arising under joint operations shall be 51% POGC
                  and 49% FX and such interest structure shall be binding from
                  the date of conclusion of the Poznan JOA;
         b)       FX shall cover the cost of initial joint exploration work up
                  to 4 mln USD, in consideration of the work performed by POGC
                  within the Poznan area that resulted in obtaining geological
                  information which POGC shall make available to FX;
         c)       all decisions of the Operating Committee shall require a 2/3
                  majority;
         d)       unless mutually decided otherwise, the Parties shall not form
                  any company or a partnership for the purposes of conduction of
                  works within the Poznan area.

                                    Article 2
                 Transfer of mining usufruct in the Poznan area

2.1      POGC and FX shall conclude an agreement (the "Transfer Agreement"),
         substantially consistent with the form set forth in Appendix 2 hereto
         relating to transfer to FX a 49% interest in each of the mining
         usufructs established on the concession areas comprising the Poznan
         area as described in Appendix 1, subject to FX having fulfilled its
         commitment to finance 100% of initial operations up to USD 4 million,
         as stated in Clause 1.2 above and subject to full performance by FX of
         all obligations under the Fences Settlement Agreement and subject to
         obtaining of all the required consents from the State Treasury, which
         POGC shall promptly apply for and shall make best efforts to obtain as
         soon as possible. The Transfer Agreement shall be concluded
         concurrently with this Agreement and shall state that the effect of
         disposal concerning the transfer of the mining usufruct shall occur as
         of the moment of FX accomplishment of the obligations set out in Clause
         1.2 or granting the appropriate security for their accomplishment.

2.2      All administrative cost and taxes connected with the transfer of rights
         pursuant to the Transfer Agreement shall be paid by FX. FX shall be
         responsible for filing the appropriate tax return. Other costs related
         to the mining usufruct shall be covered from the Joint Account in
         accordance with the Poznan JOA.

<PAGE>

2.3      Should the State Treasury refuse its consent for the mining usufruct
         transfer, the Parties shall act diligently to find ways of alternative
         securing FX direct rights to 49% of benefits produced by the joint
         operations within the Poznan area.

2.4.     Together with the rights of the mining usufruct and without a separate
         compensation, POGC shall transfer to FX a 49% ownership interest in all
         geological data regarding the Poznan area owned by POGC, subject to
         obtaining the required consent of the Minister of Environment. Other
         provisions of this Article 2 shall apply to the geological data mutatis
         mutandis.

                                    Article 3
                           Detailed financial matters

For the purposes of calculating any US Dollar equivalent of any amounts to be
paid in Polish Zloty (or vice versa), the average exchange rate published by the
National Bank of Poland on the day the payment is made (i.e. the appropriate
amount is received by the payee), shall be applied.

                                    Article 4
                                    Gas sales

POGC hereby commits to purchase gas produced from each of wells drilled
hereafter in the Poznan area under the Poznan JOA, after the date of conclusion
of this Agreement pursuant to the Natural Gas Sale and Purchase Agreement dated
December 18, 2000, concluded between POGC and FX, which is hereby extended to
cover also all future wells made within the Poznan area. The Gas Sales Agreement
shall continue in force until December 31, 2008.

                                    Article 5
                                  Default by FX

5.1      Should FX fail to perform fully its obligations specified in the Clause
         1.2 in accordance with the provisions of this Agreement by December 31,
         2004, POGC shall have the right to terminate this Agreement by a 90-day
         written notice to FX, with the reservation that the effect of
         termination shall not occur if FX fulfils all its obligations within
         the notice period.

5.2.     If the Agreement is terminated pursuant to Clause 5.1, the Poznan JOA
         will nevertheless remain in effect with respect to aerial extent of any
         prospects structures mapped and drilled within the frame work of the
         Poznan JOA prior to the termination and FX shall keep its 49% interest
         in rights such structure by the end of validity of the POGC
         concessions. (The prospect aerial extent shall be delineated by the
         lowest closing contour or by the bottom of a defined hydrocarbon
         contact determined by a well penetration, whichever is deeper). Subject
         to the above, promptly following the termination of this Agreement, FX
         shall transfer its interest in the usufruct(s) established within the
         Poznan area to POGC or any party nominated by POGC, pursuant to an
         agreement substantially consistent with form specified in Appendix 2,
         mutatis mutandis.

<PAGE>

                                    Article 6
                              Assignment and pledge

6.1      FX shall have the right to assign its rights and obligations under the
         Poznan JOA, the Gas Sales Agreement or this Agreement to a third party
         of its choice with a written consent of POGC.

6.2      POGC may not refuse its consent for assigning by FX its rights and
         obligations without an important reason, which shall include in
         particular a weak financial position of the proposed assignee or POGC
         remaining in a serious dispute with the proposed assignee.

6.3      FX shall have the right to pledge its rights under the Poznan JOA or
         this Agreement in accordance with Polish law, provided that FX shall
         inform POGC in writing of its intention to establish a pledge with a
         14-days prior notice and shall withhold the establishment of the
         pledge, if POGC raises, within this period, an objection based on an
         important reason, as referred to in Clause 6.2

6.4      POGC shall have the right to assign its rights and obligations under
         the Poznan JOA, the Gas Sales Agreement or this Agreement to a
         subsidiary formed pursuant to the POGC restructuring program which
         shall hold rights to the fields concerned by the Poznan JOA, the Gas
         Sales Agreement and this Agreement.

                                    Article 7
                                  Miscellaneous

Articles XVI through XVIII of the Fences JOA are incorporated herein by
reference and become Articles 9 through 11 of this Agreement.

                                    Article 8
                                                              Warranty

FX USA hereby grants a suretyship in favour of POGC for the obligations of FX
arising from this Agreement.

FX ENERGY POLAND SP. Z O.O.

/s/ David N. Pierce, Member of the Management Board

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO S.A.

/s/ Zbigniew Tatys, Director of Exploration and Production

/s/ A. Hoscilowicz, Director of Investments

FX ENERGY, INC.

/s/ David N. Pierce, President

<PAGE>
<TABLE>
<CAPTION>
                                                                   SCHEDULE  1
                                                            Description of Poznan Area

------------------------------------------------------------------------------------------------------------------------------------
No                 Date of Mining
                   Usufruct Agreement
     Concession    and amendment(s), if  Concession date                                       Work commitment
     name          any                   and No.            Total work commitment               fulfilled                Unpaid fees
------------------------------------------------------------------------------------------------------------------------------------
<C>  <C>           <C>                   <C>                <C>                                 <C>                       <C>
1    Kornik-       16.07.1996            16.07.1996         Seismic: 2D-100 km,                 All work commitments
     Sroda         Amendment of          32/96/p            Reprocessing & reinterpretation.    remain to be fulfilled.
                   16.07.2001                               Drilling: meters/no. of
                                                            wells 3500/1
------------------------------------------------------------------------------------------------------------------------------------
2    Pyzdry        07.07.1999            07.07.1999         Seismic: 2D-400km                   Fulfilled: reprocessing-    6000 EUR
                                         18/99/p            reprocessing & reinterpretation.    206 km, one well -
                                                            Optional: 100km-2D                  3787 meters.
                                                            Drilling meters/no. of
                                                            wells Optional: 3600/1
------------------------------------------------------------------------------------------------------------------------------------
3    Steszew       30.091999             30.09.1999         Seismic: 2D / km/                   Fulfilled:
                                         28/99/p            Reprocessing-170                    Seismic 2D-16.2km,
                                                            New profiles acquisition:           Reprocessing-806km.
                                                            Phase I -50. Optional -150.
                                                            Drilling: meters / no. of wells
                                                            6800/2
------------------------------------------------------------------------------------------------------------------------------------
4    Jarocin-      03.08.2001            03.08.2001         Seismic: 2D/km/, 3D/km2/            All work commitments       11000 EUR
     Grabin                              16/2001/p          Phase I-2D-100, Optional-3D-70.     remain to be fulfilled.
                                                            Drilling: meters/ no. of wells
                                                            Phase I - 3000/1. Optional 3000/1
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                                   APPENDIX 2

                               Transfer Agreement

THIS AGREEMENT is made the 8 day of January, 2003, in Warsaw

BETWEEN:

1.       POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO S.A. with its registered office
         in Warsaw, at ul. Krucza 6/14, 00-537 Warsaw, entered into the National
         Court Register maintained by the District Court for the city of Warsaw
         under the KRS No. 0000059492 ("PGNiG"),

and

2.       FX ENERGY POLAND Sp. z o.o. with its registered seat in Warsaw, at al.
         Jana Pawla II 29, 00-867 Warsaw, entered into the National Court
         Register maintained by the District Court for the city of Warsaw under
         the KRS No. 0000052459 ("FX"),

jointly called the "Parties" and each of them individually a "Party".

                                    Article 1
                            Purpose of the Agreement

The Parties enter into this Agreement pursuant to Article 2 of the Agreement for
Cooperation within the Poznan Area of even date herewith.

                                    Article 2
                         PGNiG title to Mining Usufructs

PGNiG represents that it holds 100% of the mining usufructs for exploration and
identification of oil and natural gas (the "Mining Usufructs") in the
"Jarocin-Grabina", "Kornik- Sroda", "Pyzdry" and Steszew" areas (jointly called
the "Poznan Area") established pursuant to the Agreements on Establishment of
the Mining Usufruct dated August 3, 2001, July 16, 1996 (as amended on July 17,
2001), July 7, 1999 and September 30, 1999, respectively, and the Concessions
No.16/2001/p, No.32/96/p, No. 18/99/p and No.28/99/p, respectively, all of which
are attached hereto as Schedule 1 to this Agreement. The Mining Usufructs are
free of any encumbrances or third party claims.

                                    Article 3
                           Transfer of Mining Usufruct

3.1      PGNiG hereby transfers to FX and FX receives, a 49% ownership interest
         in the Mining Usufructs, subject to the following suspensory
         conditions:

         a)       FX having fulfilled all its obligations under Article 1.2 of
                  the agreement referred to in Article 1, with respect to
                  financing of 100% of the costs of initial joint operations
                  within the Poznan Area until such costs reach USD 4 million;

<PAGE>

         b)       FX having fulfilled all its obligations under the Settlement
                  Agreement regarding the Fences Area dated ____________ with
                  respect to paying the outstanding invoices and with interest
                  accrued;

         c)       FX having fulfilled all its obligations under the Settlement
                  Agreement regarding the Fences Area dated ____________ with
                  respect to financing of 100% of the costs of initial joint
                  operations within the Fences Area until such costs reach USD
                  16 million; and

         d)       obtaining consent from the State Treasury for the transfer of
                  the Mining Usufructs, as required under the relevant mining
                  usufruct agreements.

3.2      As soon as either Party considers that either of conditions precedent
         specified in Clause 3.1 under letters a) b) or c) has been fulfilled,
         it shall notify the other thereof in writing. If the other Party so
         notified disputes the fulfillment, it should respond to the other Party
         in writing explaining its position in detail within 14 days. Failing
         such response, the relevant condition shall be deemed fulfilled upon
         the lapse of the said 14-day period. As soon as the consents referred
         to under letter d) above are obtained, PGNiG shall notify that to FX in
         writing.

3.3      Transfer of the Mining Usufructs shall occur automatically upon
         fulfillment of the last suspensory condition.

3.4      This Agreement shall terminate, if the Settlement Agreement regarding
         the Fences Area or the agreement referred to in Article 1 is terminated
         due to breach by FX.

                                    Article 4
                 Transfer of ownership of geological information

4.1      PGNiG, as the owner of the geological information contained in the
         documentation regarding the Poznan area acquired before January 1,
         2002, (listed in Schedule 4 to the Agreement referred to in Article 1),
         hereby transfers to FX and FX receives a 49% interest in rights to
         information contained in all of that above documentation, subject to
         the suspensory condition of obtaining a consent from the Minister of
         Environment, as required pursuant to he Geological and Mining Law. As
         soon as the consent is obtained, PGNiG shall notify that to FX in
         writing.

4.2      PGNiG, as the holder of the exclusive right to commercially use the
         geological information regarding the Poznan Area acquired after January
         1, 2002, (defined in Schedule 5 to the Agreement referred to in Article
         1) hereby transfers to FX and FX receives a 49% interest in the above
         right.

                                    Article 5
                                      Costs

FX shall cover all administrative cost and taxes due in connection with this
Agreement.

<PAGE>

                                    Article 6
                                  Miscellaneous

6.1      Any disputes related to this Agreement shall be resolved by the
         Arbitration Court at the Polish Chamber of Commerce in accordance with
         its rules.

6.2      This Agreement has been executed in Polish and English. In case of any
         discrepancies between both versions, the Polish version shall prevail.

6.3      Any amendments to this Agreement must be in writing to be valid.

POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO S.A.

____________________

____________________

FX ENERGY POLAND SP. Z O.O.

____________________

<PAGE>

                                   SCHEDULE 3
              Copies of Mining Usufruct Agreements and Concessions

<PAGE>

                                   SCHEDULE 4
         Geological information regarding the Poznan Area owned by PGNiG

Covered is all geological and geophysical information from the Poznan Area
obtained by POGC as a result of geological and geophysical work conducted during
the period between 01.02.1989 and 01.01.2002. This information is managed by the
archives department of Geological Bureau GEONAFTA.

<PAGE>

                                   SCHEDULE 5
                Geological information regarding the Poznan Area
            to which PGNiG has the exclusive right of commercial use

Covered is all geological and geophysical information from the Poznan Area
obtained by POGC as a result of geological and geophysical work before
01.02.1989 or after 01.01.2002. PGNiG is obliged to obtain consent from the
State Treasury to use the information obtained prior to 01.02.1989, and then to
use it in accordance with the terms specified by the State Treasury.

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