Swift Energy reports 2012-end oil and natural gas proved reserves 192.1 MMBoe Crude oil and natural gas liquids comprised approximately 48% of year-end 2012 proved reserves, up from the approximate 36% of total proved reserves at year-end 2011.
Swift Energy comments on Form 13D filing Swift Energy Co 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.