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SWIFT ENERGY COMPANY NEWSSWIFT ENERGY COMPANY COMPLETES COMMON STOCK OFFERINGHOUSTON, July 26, 1995 - Swift Energy Company (NYSE, PSE: SFY) today announced the sale to the public of 5,000,000 shares of common stock at a price of $8.50 per share. The managing underwriters for the offering were Oppenheimer & Co., Inc., Southcoast Capital Corporation, and Morgan Keegan & Company, Inc. Swift has granted to the underwriters a 15% overallotment option to purchase an additional 750,000 shares during the next thirty (30) days. Net proceeds from the offering (approximately $40 million) will be used to repay outstanding indebtedness, to finance the Company's exploration and development activities (which currently include a large inventory of proven undeveloped drilling prospects), and to acquire producing oil and gas properties, including limited partnership interests. Based in Houston, Swift Energy Company is a 15-year old independent oil and gas company engaged primarily in the exploration, development, acquisition and operation of oil and gas properties, with an emphasis on domestic natural gas. 16825 Northchase Drive, Suite 400, Houston, Texas 77060
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This page was last updated on Thursday, January 06, 2005, at 11:04:40 AM. Copyright © 1994-2008 by Swift Energy Company. |
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