EXECUTIVE EMPLOYMENT AGREEMENT



         THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is entered into

April 18, 1997, to take effect the 18th day of April, 1997 (the "Effective

Date"), by and between FX Energy, Inc., a Nevada corporation (the "Employer"),

and SCOTT J. DUNCAN (the "Executive").





                                    RECITALS:



         WHEREAS, the Executive desires employment as an employee of the

Employer, and the Employer desires to employ the Executive, under the terms and

conditions hereof.



         NOW THEREFORE, in consideration of the mutual covenants herein

contained, the parties agree as follows:





                                    ARTICLE I

                          ASSOCIATION AND RELATIONSHIP



         1.1 Nature of Employment. The Employer hereby employs the Executive and

the Executive hereby accepts employment from the Employer upon the terms and

conditions set forth herein.



         1.2 Full Time Services. The Executive shall devote his full working

time, attention, and services to the business and affairs of the Employer and

shall not, without the Employer's written consent, be engaged during the term of

this Agreement in any other substantial business activity other than normal

investment activities, whether or not such business activity is pursued for

gain, profit, or other pecuniary advantages, that significantly interferes or

conflicts with the reasonable performance of his duties hereunder.



         1.3 Duties. During the term of this Agreement, the Executive shall be

employed by the Employer and shall initially occupy the office of Vice-President

and shall serve as Employer's Treasurer. The Executive agrees to serve in such

offices or positions with the Employer or any subsidiary of the Employer and

such substitute or further offices or positions of substantially consistent rank

and authority as shall, from time to time, be determined by the Employer's board

of directors. The Executive agrees to perform such duties appropriate for an

executive officer of Employer as may be assigned to him from time to time by the

Employer and as described in the Employer's bylaws. The Employer shall direct,

control, and supervise the duties and work of the Executive.



         1.4 Satisfaction of Employer. The Executive agrees that he will, at all

times faithfully, promptly, and to the best of his ability, experience, and

talent, perform all of the duties that may be required of him pursuant to the

express and implicit terms hereof. Such duties shall be rendered at Salt Lake

City, Utah, and, on a temporary basis, at such other place or places as the

interests, needs, business, and opportunities of the Employer shall require or

make advisable; provided, however, that Executive shall not be required to move

his residence from Salt Lake City, Utah without the mutual consent of the

Employer and the Executive.



         1.5 Compliance with Rules. The Executive shall observe and comply with

the rules and regulations of the Employer respecting its business and shall

carry out and perform orders, directions, and policies of the Employer as they

may be from time to time communicated to the Executive either orally or in

writing. The Executive shall further observe and comply with all applicable

rules, regulations, and laws governing the business of Employer.



                                       1

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         1.6 Fees for Services. All income or other compensation generated by

the Executive other than from the Employer for any services performed by him

during the term of this Agreement in connection with the business of the

Employer, including, but not limited to, management fees, consulting fees,

advisory fees, commissions, or similar items, shall belong to the Employer

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