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|
|
Financial, Operating, & Investor Highlights for 1997
|
|
1997
|
|
1996
|
|
Annual
Change
|
|
|
-------------- |
|
-------------- |
|
--------- |
| Revenues |
|
$79,922,202 |
|
$60,768,232 |
|
32% |
| Oil and Gas Sales |
|
$69,015,189 |
|
$52,770,672 |
|
31% |
| Net Income |
|
$22,310,189 |
|
$19,025,450 |
|
17% |
| Basic Income per Share |
|
$1.35 |
|
$1.27 |
|
6% |
|
|
|
|
|
|
|
| Total Assets |
|
$339,115,390 |
|
$310,375,264 |
|
9% |
| Working Capital |
|
$1,464,122 |
|
$68,703,862 |
|
(98)% |
| Current Ratio |
|
1.05 |
|
3.09 |
|
(66)% |
| Long-Term Debt and Bank Borrowings |
|
$122,915,000 |
|
$115,000,000 |
|
7% |
| Shareholders' Equity |
|
$159,400,920 |
|
$142,761,610 |
|
12% |
| Return on Shareholders' Equity |
|
15% |
|
16% |
|
(6)% |
|
|
|
|
|
|
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| Net Cash Provided by Operating Activities |
|
$55,255,965 |
|
$37,102,578 |
|
49% |
|
|
|
|
|
|
|
| Weighted Average Shares Outstanding |
|
16,492,856 |
|
13,637,182 |
|
10% |
| Year-End Shares Outstanding |
|
16,459,156 |
|
15,176,417 |
|
8% |
| Market Price of Common Stock at Year End |
|
$21.06 |
|
$29.88 |
|
(22)% |
| Number of Shareholders of Record |
|
520 |
|
507 |
|
3% |
| Number of Shareholders in Street Name |
|
5,700 |
|
5,300 |
|
8% |
|
|
|
|
|
|
|
| Natural Gas Production (Mcf) |
|
21,359,434 |
|
15,696,798 |
|
36% |
| Oil & Condensate Production (Bbls) |
|
672,385 |
|
623,386 |
|
8% |
| Total Oil and Natural Gas Production (Mcfe) |
|
25,393,744 |
|
19,437,114 |
|
31% |
|
|
|
|
|
|
|
| Average Natural Gas Prices Received ($/Mcf) |
|
$2.68 |
|
$2.57 |
|
4% |
| Average Oil & Condensate Prices Received ($/Bbl) |
|
$17.59 |
|
$19.82 |
|
(11)% |
|
|
|
|
|
|
|
| Proved Natural Gas Reserves (Mcf) |
|
314,305,669 |
|
225,758,201 |
|
39% |
| Proved Oil & Condensate Reserves (Bbls) |
|
7,858,918 |
|
5,484,309 |
|
43% |
| Total Proved Reserves (Mcfe) |
|
361,459,177 |
|
258,664,055 |
|
40% |
|
|
|
|
|
|
|
| Present Value of Proved Reserves (discounted at 10% per
annum) |
|
$350,344,782 |
|
$471,184,957 |
|
(26)% |
|
|
|
|
|
|
|
| Number of Employees |
|
194 |
|
191 |
|
2% |
|
® are registered service marks of Swift Energy Company.