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|
Financial, Operating, & Investor Highlights for 1998
|
|
1998
|
|
1997
|
|
Annual
Change
|
|
|
-------------- |
|
-------------- |
|
--------- |
| Revenues |
|
$82,469,221 |
|
$74,712,180 |
|
10% |
| Oil and Gas Sales |
|
$80,067,837 |
|
$69,015,189 |
|
16% |
| Net Income Before Non-Cash Charge |
|
$11,684,730 |
|
$22,310,189 |
|
(48)% |
| Net Income (Loss) |
|
$(48,225,204) |
|
$22,310,189 |
|
(316)% |
| Earnings (Loss) per Share Before Non-Cash Charge--Basic |
|
$0.71 |
|
$1.35 |
|
(47)% |
| Earnings (Loss) per Share--Basic |
|
$(2.93) |
|
$1.35 |
|
(317)% |
|
|
|
|
|
|
|
| Total Assets |
|
$403,645,267 |
|
$339,115,390 |
|
19% |
| Working Capital |
|
$3,831,377 |
|
$1,464,122 |
|
162% |
| Current Ratio |
|
1.12 |
|
1.05 |
|
7% |
| Convertible Notes and Bank Borrowings |
|
$261,200,000 |
|
$122,915,000 |
|
113% |
| Stockholders' Equity |
|
$109,362,639 |
|
$159,400,920 |
|
(31)% |
|
|
|
|
|
|
|
| Net Cash Provided by Operating Activities |
|
$54,249,017 |
|
$55,255,965 |
|
(2)% |
|
|
|
|
|
|
|
| Weighted Average Shares Outstanding |
|
16,436,972 |
|
16,492,856 |
|
--- |
| Shares Outstanding at Year-End |
|
16,291,242 |
|
16,459,156 |
|
(1)% |
| Market Price of Common Stock at Year-End |
|
$7.38 |
|
$21.06 |
|
(65)% |
| Number of Shareholders of Record |
|
565 |
|
520 |
|
9% |
| Number of Shareholders in Street Name |
|
6,100 |
|
5,700 |
|
7% |
|
|
|
|
|
|
|
| Natural Gas Production (Mcf) |
|
28,225,974 |
|
21,359,434 |
|
32% |
| Oil & Condensate Production (Bbls) |
|
1,800,676 |
|
672,385 |
|
168% |
| Total Oil and Natural Gas Production (Mcfe) |
|
39,030,030 |
|
25,393,744 |
|
54% |
|
|
|
|
|
|
|
| Average Natural Gas Prices Received ($/Mcf) |
|
$2.08 |
|
$2.68 |
|
(22)% |
| Average Oil & Condensate Prices Received ($/Bbl) |
|
$11.86 |
|
$17.59 |
|
(33)% |
|
|
|
|
|
|
|
| Proved Natural Gas Reserves (Mcf) |
|
352,400,835 |
|
314,305,669 |
|
12% |
| Proved Oil & Condensate Reserves (Bbls) |
|
13,957,925 |
|
7,858,918 |
|
78% |
| Total Proved Reserves (Mcfe) |
|
436,148,385 |
|
361,459,177 |
|
21% |
|
|
|
|
|
|
|
| Number of Employees |
|
203 |
|
194 |
|
5% |
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® are registered service marks of Swift Energy Company.