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SWIFT ENERGY COMPANY NEWSSWIFT ENERGY ANNOUNCES THE RETIREMENT OF EXECUTIVE VICE PRESIDENT VIRGIL N. SWIFTHOUSTON, June 14, 2000 - Swift Energy Company announced today that effective June 30, 2000, Executive Vice President Virgil N. Swift will retire from his day-to-day responsibilities with the Company. He will continue to serve as Vice Chairman of the Board and will provide consulting services focusing on the development of the Company's Rimu discovery in New Zealand. He will also continue to serve as Chairman and CEO of Swift Energy International. Mr. Swift joined his brother A. Earl Swift during the Company's early formative years after taking early retirement from Gulf Oil Corporation in 1981. From 1982-1991, he was Executive Vice President and Chief Operating Officer of the Company, and since 1991 he has served as Executive Vice President--Business Development. He has been a member of the Board of Directors since 1981. Commenting on his impending retirement, Virgil Swift 71, stated, "I have been in the oil and gas industry for 48 years, and I am pleased with the contributions I have made to the growth of Swift Energy over the last 19 years. Although I will continue to serve Swift Energy in a number of roles, I believe it is time to leave the Company's day-to-day affairs to others." Swift Energy Company is an independent oil and gas company engaged in the exploration, development, acquisition and operation of oil and gas properties, with a focus on U.S. onshore natural gas reserves. Founded in 1979 with headquarters in Houston, Texas, the Company has achieved outstanding growth rates in proved oil and gas reserves, production, and cash flow over the last five years through a disciplined program of acquisition and drilling, while maintaining a strong financial position. This material includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections, or other statements other than statements of historical fact, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the Company's business are set forth in the filings of the Company with the Securities and Exchange Commission. 16825 Northchase Drive, Suite 400, Houston, Texas 77060
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This page was last updated on Monday, January 10, 2005, at 08:17:34 AM. Copyright © 1994-2008 by Swift Energy Company. |
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