Swift Energy Resumes Some Drilling Operations in Louisiana

Swift Energy Company says it has resumed some of its drilling operations in Lake Washington and completed some initial physical assessments of damage to its facilities and equipment, with repairs underway, in its Lake Washington Field in Plaquemines Parish and Bay de Chene Field in Jefferson and Lafourche Parishes. Work crews were mobilized to both fields last week to physically inspect the facilities and infrastructure. Numerous minor repairs are underway and must be completed before production can be resumed in Lake Washington and Bay de Chene. Restoration of production in Bay de Chene may take longer primarily because the Company is focusing on Lake Washington.

Logistics and communications in the area have been hampered in the early stages of this repair work but are improving. Swift Energy anticipates that after initially identified repairs are completed, additional repairs may be needed prior to or as the facilities are restarted.