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SWIFT ENERGY COMPANY NEWSSWIFT ENERGY ANNOUNCES NEW EXECUTIVE APPOINTMENTSHOUSTON, February 21, 2002 - Swift Energy Company (NYSE, PCX: SFY) announced today that Alan Cunningham has been appointed as President and Chief Operating Officer of Swift Energy New Zealand Limited (SENZ) and that Gerald B. Long has been promoted to Vice President, Production Operations of Swift Energy Company. Alan Cunningham has over 25 years of experience in the oil and gas industry, most recently in the area of international operations involving business development, exploration and production and planning in the Austral-Asian area. Mr. Cunningham will be responsible for the Company’s day-to-day operations in New Zealand. He previously worked in similar capacities for Entegrity Ventures International, Union Texas Petroleum and Mobil Oil Corporation. He has a Bachelor of Science degree in Geology and a Bachelor of Arts degree in Political Science from the University of Texas and a Juris Doctor degree from the South Texas College of Law. Gerald Long has been with the Company since April 2001 as Director of Production Operations. In his new role, Mr. Long will have responsibility for managing the Production Operations Department, including the enhancement of the Company’s domestic production. He has a Bachelor of Science degree in Chemical Engineering and a Juris Doctor degree from University of Houston. Terry Swift commented, “We are extremely pleased to have Alan join our organization and to have Gerald take on greater responsibility. We believe that Alan’s international experience and management abilities will enhance our operations and strengthen our organization in New Zealand. Likewise, Gerald has shown that he is a valuable addition to our officer ranks and will be focusing particular attention on reducing the operating costs in our core areas and the continued development of this year of the Lake Washington Field.” Swift Energy Company engages in developing, exploring, acquiring, and operating oil and gas properties, with a focus on onshore oil and natural gas reserves in Texas and Louisiana and onshore oil and natural gas reserves in New Zealand. Founded in 1979 with headquarters in Houston, Texas, the Company has grown its 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 08:22:00 AM. Copyright © 1994-2008 by Swift Energy Company. |
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