Swift Energy (SFY) Message Board

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Gold/Mining/Energy : Swift Energy (SFY)

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To: Liatris Spicata who wrote (1332)	12/1/2000 11:25:14 AM
From: TRUE_TRUTH	of 1602

Re: Earnings and Cash Flow Power & Liquidity Do you realize that Swift is likely to make so much money in earnings in the 4th quarter alone that they can pay for the $25 MM cost of all new facilities in New Zealand (except the wells themselves) in just the 4th quarter? A cash flow basis would look even better, which is what counts for real economics. So, in one quarter we will pay for all the new facilities in New Zealand (able to handle 8000 bopd per the press article), and essentially a lot of that growth or other future growth at Swift is going to be monetized handily by these high commodity prices. The strip prices for August of 2003 are now above $4.00/mmbtu. B-2 tests this weekend. Next year's production from New Zealand will be ramping up hopefully 1st quarter but second quarter is "planned" target. I think we will see 1600 bopd A-1 1100 bopd b-1 2500-3000 bopd b-2 2000-3000 bopd a-2 7200-8700 bopd by end of 2001 (you want to talk about earnings and cashflow with that added in?) Kauri- ? Could be very big. Tiuhu-? Will see in a few weeks too. The glass is half full? Truth

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