Swift Energy Company Announces Newly Constituted Board of Directors

April 27, 2016

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HOUSTON–(BUSINESS WIRE)–Swift Energy Company (“Swift” or the “Company”) (OTC PINK: SFYWQ-FORMER) announced a newly constituted Board of Directors, effective in conjunction with the Company’s emergence from Chapter 11. The Company recently completed the restructuring process and emerged with a new capital structure, significantly less debt, and much greater financial flexibility.

Chief Executive Officer Terry Swift stated, “As we embark on a new chapter here at Swift Energy, we are excited to welcome our new Board of Directors. Their industry knowledge, experience, and proven business leadership will provide important guidance and support for the Company. With an organizational structure now fit for purpose, we can confidently build upon our strengths and maximize the value of the opportunities available to our Company.”

The new Board of Directors is comprised of current Chief Executive Officer Terry Swift and the following members:

  • Michael Duginski – Mr. Duginski is currently the President and CEO of Sentinel Peak Resources, a Quantum Energy Partners portfolio E&P company focused in California and the Rocky Mountains. Previously, Mr. Duginski was Chief Operating Officer and Executive Vice President of Berry Petroleum from 2007 to 2013, until Berry’s sale to Linn Energy. Mr. Duginski began his career with Texaco in 1988, holding positions of increasing responsibility in operations and business development.
  • Gabriel Ellisor – Mr. Ellisor served as Chief Financial Officer of Three Rivers Operating Company II from July 2012 to February 2015 and of Three Rivers Operating Company I from 2010 to 2012. Prior to joining Three Rivers, Mr. Ellisor was a principal at Rivington Capital Advisors from 2008 to 2010, a boutique investment banking firm that specializes in raising private capital and providing merger and acquisition advisory services for the energy and production sector. Mr. Ellisor has approximately 19 years of experience in the finance sector of the oil and gas industry, including holding various positions at First Interstate Bank, Wells Fargo, and BNP Paribas.
  • David Geenberg – Mr. Geenberg is Co-Head of the North American investment team at Strategic Value Partners (“SVP”) with a focus on energy, merchant power and infrastructure since joining SVP in 2009. From 2005 to 2009, Mr. Geenberg worked at Goldman, Sachs & Co., most recently in the Infrastructure Investment Group and Principal Investment Area focused on power, utility and infrastructure businesses and, prior to that, in the Natural Resources Group in investment banking.
  • Peter Kirchof – Mr. Kirchof is a Managing Director and member of the North American investment team and a senior operating professional responsible for growing and developing Strategic Value Partners’ North American portfolio companies. Mr. Kirchof is a seasoned Operating Executive and Board director with significant experience in portfolio company value creation across a variety of industries including Energy.
  • Charles Wampler – Mr. Wampler served as Chief Operating Officer of Aspect Holdings, President of Aspect Energy and General Exploration Partners (GEP) and Board member for GEP from 2007 to 2016. Mr. Wampler directed the day to day management of Aspect’s domestic operations in the US Gulf Coast and international operations in Hungary and Kurdistan, Iraq. Prior to joining Aspect, Mr. Wampler was Chief Operating Officer of Lewis Energy Group and Board member from 2004 to 2007.

Terry Swift added, “Our new Board is committed to the principles and values that are critical to creating an organization with a high level of integrity and respect for each other. I look forward to working closely with Michael, Gabe, David, Pete and Charles as we set a new path for Swift.”

Please visit the Company’s website at www.swiftenergy.com for more information on the Company’s Board of Directors.

About Swift Energy Company

Swift Energy Company, founded in 1979 and headquartered in Houston, engages in developing, exploring, acquiring and operating oil and gas properties, with a focus on the Eagle Ford trend of South Texas and, to a lesser extent, the onshore and inland waters of Louisiana.

Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections, or other statements other than statements of historical fact, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurances can be given that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the company’s business are set forth in the filings of Swift Energy Company with the Securities and Exchange Commission.

Category: Oil & Gas