Swift Energy Continues Assessments of its Coastal Louisiana Properties

Swift Energy reports continuation of its initial physical assessments of its coastal Louisiana properties, including the Lake Washington Field in Plaquemines Parish, Bay de Chene Field in Jefferson and Lafourche Parishes, and Cote Blanche Island Field in St. Mary's Parish.

Production at Cote Blanche Island Field was restored as of Wednesday, August 30, to pre-hurricane levels. Work crews were mobilized to Lake Washington and Bay de Chene last week to inspect the facilities and infrastructure in both fields. Based on these preliminary inspections of facilities, damage observed to date appears to be minimal, but these early observations are based only on brief visual inspections of the facilities.

Swift anticipates that a more detailed inspection of the equipment and facilities will result in additional items needing to be repaired or replaced.