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Post# of 17741
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UIC Jeff

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UIC Jeff

Re: Bobwins post# 13742

Thursday, 10/31/2013 6:57:04 PM

Thursday, October 31, 2013 6:57:04 PM

Post# of 17741
SFY Conference Call

Hi Bob -

Thanks for bring this one to the board. Still own SEA, but I think this company compliments them well in EFS.

Listened to the earnings call today posted on their site.
http://www.swiftenergy.com/

On the call they predicted a flat Q4 2013 in earnings and a reduction in capital spending in 2014? I'm not sure they are looking aggressively grow production in 2014.

A few highlights:
- They were very upbeat on the improved cost structure of drilling wells at 7 Million and that its improving.
- They have 3 rigs to drill 40-45 will in EFS in the next 12 months.
- With a chance of adding a fourth rig if/when they sell the property in central Louisiana.


Thoughts?
Jeff


"Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. " -- Gordon Gekko/

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