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SWIFT ENERGY COMPANY NEWSSWIFT ENERGY ANNOUNCES THE RETIREMENT OF CFO JOHN ALDEN AND THE PROMOTION OF ALTON HECKAMAN TO CFOHOUSTON, July 28, 2000 - Swift Energy Company (NYSE, PCX: SFY) announced today that Senior Vice President and Chief Financial Officer John R. Alden has requested and has been granted early retirement. His retirement will become effective on September 30, 2000. The Company also announced that effective August 1, 2000, Alton D. Heckaman, Jr.-currently serving as Vice President and Controller-will assume Mr. Alden's roles as CFO and Senior Vice President. Mr. Alden, 54, joined the Company during its formative years in 1981 and has served as CFO since 1984. Mr. Heckaman, 43, has been actively involved as a member of the financial group at Swift since 1982, working closely with Mr. Alden and senior management. Commenting on Mr. Alden’s contributions to the Company, President Terry E. Swift said, "John has served the Company exceedingly well during his many years as CFO, and we will miss him. We are, however, pleased to have Alton ready to assume these responsibilities, and we expect an exceptionally smooth transition. We wish John and his family the best." 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 acquisitions 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 Wednesday, January 19, 2005, at 02:09:59 PM. Copyright © 1994-2008 by Swift Energy Company. |
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