SENZ acquired the 5% interest held by Bligh’s subsidiary, Marabella Enterprises Limited, in the Swift-operated petroleum exploration permit 38719 along with the 5% interest in the Rimu petroleum mining permit 38151, where the Rimu and Kauri discoveries are located. Additionally, SENZ also acquired the 3.24% interest held by Bligh’s subsidiary, Bligh Oil & Minerals (NZ) Limited, in the four TAWN petroleum mining licenses (“PML”), which consist of the Tariki Field (PML#38138), Auhora Field (PML#38139), Waihapa Field (PML#38140) and Ngaere Field (PML#38141), plus their respective interests in two processing plants and associated pipelines in which SENZ already has a majority interest.

Terry Swift, President and CEO of Swift Energy noted, “This transaction allows us to take another step in developing a significant presence in New Zealand. We have now established a solid production base with significant infrastructure along the eastern portion of the Taranaki basin and are positioned in some of the most promising exploration acreage in New Zealand. Ownership of 100% of these assets will allow us to ultimately connect our two core areas of TAWN and Rimu/Kauri in such a way as to provide future tangible benefits to our position in New Zealand.”

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 consistently grown its proved oil and gas reserves, production, and cash flow 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.