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SWIFT ENERGY COMPANY NEWSSWIFT ENERGY ANNOUNCES KEY EXECUTIVE APPOINTMENTSHOUSTON, July 31, 2000 - Swift Energy Company (NYSE, PCX: SFY) announced today a number of promotions within the Company, all to be effective August 1, 2000: -Joseph A. D'Amico, 52, named Chief Operating Officer in February, will be promoted from Senior Vice President to Executive Vice President. Mr. D’Amico has been with Swift Energy since 1988, previously serving as Senior Vice President of Exploration and Development. -Bruce H. Vincent, 52, currently Senior Vice President-Funds Management, will be promoted to Executive Vice President-Corporate Development and Secretary. Mr. Vincent, who joined the Company in 1990, will be responsible for the Company’s corporate finance activities along with relations with the investment community. -Victor R. Moran, 44, Vice President-Natural Gas Marketing/Business Development, will be promoted to Senior Vice President-Energy Marketing and Business Development. Joining the Company in 1992, Mr. Moran has been active in developing international contacts for Swift. -Alton D. Heckaman, Jr., 43, currently Vice President and Controller, will become Senior Vice President and Chief Financial Officer, as previously announced. Mr. Heckaman, who joined the Company in 1982, will retain his position as Controller to which he was named in 1986. The Company also announced increased responsibilities for several executives: -Terry E. Swift, 44, President of Swift Energy Company since 1997, has assumed the additional role of President of Swift Energy International, Inc., stepping into a position previously held by Executive Vice President Virgil N. Swift prior to his retirement on June 30. As announced previously, Virgil Swift will remain as Chief Executive Officer and Chairman of Swift Energy International and will provide consulting services to Swift Energy Company. Both Terry Swift and Virgil Swift joined Swift Energy in 1981, with Terry Swift succeeding Virgil Swift as Chief Operating Officer in 1991, a position he held until early this year. -James M. Kitterman, 56, Senior Vice President-Operations, will assume important international duties for Swift Energy International, including management of the drilling, construction, and production startup on the Company's New Zealand permit area. Mr. Kitterman joined Swift Energy in 1983, serving first as Vice President of Drilling and Production and later as Vice President of Operations. -Donald L. Morgan, 66, President of Swift Energy New Zealand, will assume the additional position of Vice President of Swift Energy International. Mr. Morgan has focused on strategic international projects since joining the Company in 1994. Commenting on these changes, Chairman and CEO A. Earl Swift said, "These executive appointments continue our practice of promoting individual executives with long experience in the organization into increasingly senior management positions. We believe this approach has resulted in a very strong senior management team. The senior personnel involved in these organizational changes have all worked with each other and with the Board of Directors under President Terry Swift's leadership for a number of years. They have already demonstrated their ability to lead the Company, as shown by our increased domestic reserves and our recent New Zealand success, and I am confident that under their guidance the Company will achieve even greater results in the future." More details on Swift Energy’s entire management team can be found on the Company’s web site at http://www.swiftenergy.com. 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 Monday, January 10, 2005, at 08:17:47 AM. Copyright © 1994-2008 by Swift Energy Company. |
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