SWIFT ENERGY COMPANY NEWS


SWIFT ENERGY NEW ZEALAND ANNOUNCES NEW EXECUTIVE APPOINTMENT


HOUSTON, March 3, 2003 - Swift Energy New Zealand (SENZ), a subsidiary of Swift Energy Company (NYSE, PCX: SFY) is pleased to announce that Christopher Bush has been promoted to Vice President—Facilities.

Chris joined SENZ in 2001 as Manager of Facilities. Since his hiring, the facilities owned and operated by Swift have grown to include the Waihapa Production Station, acquired in 2002 and the Rimu Production Station, commissioned in 2002.

Alan Cunningham, SENZ President and COO commented, “The staff required to operate and maintain these facilities has been recruited and integrated into a unified operating organization under the leadership of Chris. The performance of the facilities team has allowed Swift to steadily increase oil and gas production from our Taranaki fields. We are proud to have Chris join the officer ranks at SENZ.”

Swift Energy Company engages in developing, exploring, acquiring, and operating oil and gas properties, with a focus on onshore and inland waters 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.

16825 Northchase Drive, Suite 400, Houston, Texas 77060
http://www.swiftenergy.com

 

 
 

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