|Swift Energy Comments on Form 13D Filing
HOUSTON, October 17, 2014 – Swift Energy Co (NYSE: SFY), a leading company engaged in developing, exploring, acquiring and operating oil and gas properties, with a focus on oil and natural gas reserves onshore in Texas and Louisiana and in the inland waters of Louisiana, today confirmed receipt of a letter to its Board of Directors from Baker Street Capital, LLC. The Company welcomes the perspectives of its shareholders and has a longstanding policy of open communications with all of its investors, including Baker Street Capital, LLC.
The Swift Energy Board of Directors and management team regularly evaluate the Company's strategic priorities, capital structure and allocation of capital expenditures. The Company works towards the goal of enhancing value for all shareholders by taking the right steps to manage the business while focusing on strategic initiatives to position Swift for long-term success.
About Forward Looking Statements
This release 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, no assurances can be given 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 Swift Energy Company with the Securities and Exchange Commission.