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Gold/Mining/Energy : Swift Energy (SFY)

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To: PuddleGlum who wrote (1137)	9/3/2000 3:18:33 PM
From: TRUE_TRUTH	Read Replies (1) of 1602

PG, I believe the response will be immediate and rocket like. The reason I believe this is 1) NZ is a much bigger hit for a small company like Swift than maybe for other companies who would make this same discovery and it will have the impact of multiplying Swift's reserves and growth base by integers, not fractions or decimal points. 2) The production impact is already on the way. Rimu A-1 will add 1500 or so BOPD and some liquids starting in January. If B-2 is a good well it too will be online early next year. Swift I believe anticipates 3500 bopd near term over the next 6-9 months at the facility they are building there. I think there is no question of response or even timing. Its a question more of what they have found in B-2 and how it complements A-1 and what is next in Kuari. The fact that Swift could end up with more growth opportunities than available cash will be quite a switch for the analysts and not only will earnings flow but the PE multiple will be greatly responsive too in my opinion. Truth

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