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SWIFT ENERGY COMPANY NEWSSWIFT ENERGY ANNOUNCES FILING OF $350 MILLION UNIVERSAL SHELF REGISTRATION STATEMENTHOUSTON, July 6, 2001 - Swift Energy Company (NYSE, PCX: SFY) today filed a universal shelf registration statement with the Securities and Exchange Commission to raise up to $350 million. Offered securities may be common stock, debt securities, preferred stock, depositary shares or warrants, or any combination of such securities. Upon effectiveness of the registration statement, Swift may periodically offer one or more of these securities in amounts, prices, and on terms to be announced when the securities are offered. The Company said that it plans to use the net proceeds of any offering of these securities to reduce bank debt and for working capital, capital expenditures, and other general corporate purposes in connection with its implementation of its business plan, including acquisitions. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective and a prospectus supplement setting forth the specific terms of the applicable offering is available. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. 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 as well as onshore oil and natural gas reserves in New Zealand. 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 08:20:26 AM. Copyright © 1994-2008 by Swift Energy Company. |
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