General

Swift Energy Company is engaged in developing, exploring, acquiring, and operating oil and gas properties, with a focus on oil and natural gas reserves onshore and in the inland waters of Louisiana and Texas and onshore in New Zealand. Swift Energy was founded in 1979 and is headquartered in Houston, Texas. At year-end 2006, we had estimated proved reserves of 816.8 Bcfe with a PV-10 Value of $2.7 billion (PV-10 is a non-GAAP measure, see the section titled "Oil and Natural Gas Reserves" in our Property section for a reconciliation of this non-GAAP measure to the closest GAAP measure, the standardized measure). Our proved reserves at...