Swift Energy Co fka SFYWQ

[OilStockReport]

Been loving the ride here from $32. Cashed up and ready for 2011. This is far from over.

Swift Energy Co. said Wednesday that it had completed its public offering of common stock with the sale of optional shares, bringing final net proceeds to about $140.4 million.
The Houston-based oil and gas firm announced a public offering of 3 million shares, with an option to purchase an additional 450,000, on Nov. 11. The offering eventually grew to top 4 million shares, including over-allotments.
The announcement of the final sales tally sent Swift (NYSE: SFY) shares up 5.15 percent to $38.37 on Wednesday in early trading, buoyed also by the day's overall Wall Street surge.
Proceeds from the sale will fund projects under the company’s 2011 capital budget, primarily an accelerated drilling program to increase production and reserves at shale and Olmos-sand plays in South Texas.


Read more: Swift Energy nets $140M in stock offering | Houston Business Journal