SWIFT ENERGY COMPANY 2002 ANNUAL REPORT

Notes to Consolidated Financial Statements

 

8. Foreign Activities

As of December 31, 2002, our gross capitalized oil and gas property costs in New Zealand totaled approximately $172.8 million. Approximately $145.0 million have been included in the proved properties portion of our oil and gas properties while $27.8 million is included as unproved properties. Our functional currency in New Zealand is the U.S. dollar.

 

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