-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KJ1p+oXCBkncKz2rIH42CcLHVYRUIBsl9bxBnLYV6y2HM9gTUkL2hTpd7zXsLhoy wo0RvrVbY3yhKnzg8j11tQ== 0000899078-99-000515.txt : 19991223 0000899078-99-000515.hdr.sgml : 19991223 ACCESSION NUMBER: 0000899078-99-000515 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SWIFT ENERGY CO CENTRAL INDEX KEY: 0000351817 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 742073055 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 001-08754 FILM NUMBER: 99779213 BUSINESS ADDRESS: STREET 1: 16825 NORTHCHASE DR STE 400 CITY: HOUSTON STATE: TX ZIP: 77060 BUSINESS PHONE: 2818742700 MAIL ADDRESS: STREET 1: 16825 NORTHCHASE DRIVE STREET 2: SUITE 400 CITY: HOUSTON STATE: TX ZIP: 77060 DEFA14A 1 MEMO TO BROKER DEALERS, REGISTERED REPRESENTATIVES MEMORANDUM TO: Registered Representatives FROM: Linda C. Herring RE: Dissolution of 1994-A - 1995-A SDI Partnerships DATE: December 28, 1999 - -------------------------------------------------------------------------------- Swift Energy Company, as Managing General Partner, is recommending that investors in 10 partnerships formed to purchase producing properties during 1994 through April 28, 1995, approve a proposal to sell all of each partnership's oil and gas assets. It is our intention to file proxies for the remaining acquisition partnerships in early 2000. In accordance with the Limited Partnership Agreement, the affirmative vote of investors holding a majority of the SDI's is required to provide for the sale of each partnership's oil and gas assets and conclude the business of the partnership. Swift anticipates these property interests will be sold at public auction or in negotiated sales. If Swift is unable to sell one or more property interests through public auctions or by direct negotiation, then Swift may purchase those property interests. If Swift purchases any property interests, the purchase price will be the higher of the appraised value (from an independent appraiser) or the minimum bid price set at the most recent auction.
% OF % OF ORIGINAL CONTRIBUTIONS RESERVES FORMATION INVESTOR CAPITAL RETURNED AS OF REMAINING PARTNERSHIP DATE CONTRIBUTIONS 10/31/99 1/1/99 - ----------- ---- --------------- --------- ------ SWIFT ENERGY OPERATING PARTNERS (SWIFT DEPOSITARY INTERESTS) 1994-A 04/20/94 $ 4,487,431 37.3% 53% 1994-B 06/30/94 $ 5,698,300 37.8% 58% 1994-C 09/30/94 $ 5,125,411 35.2% 52% 1994-D 12/30/94 $ 4,775,604 37.2% 51% 1995-A 04/28/95 $ 3,692,962 32.8% 49% SWJFT ENERGY PENSION PARTNERS (SWIFT DEPOSITARY INTERESTS) 1994-A 04/20/94 $ 2,635,723 37.3% 53% 1994-B 06/30/94 $ 3,535,809 37.8% 58% 1994-C 09/30/94 $ 2,783,562 35.2% 52% 1994-D 12/30/94 $ 3,032,126 37.2% 51% 1995-A 04/28/95 $ 3,319,041 32.7% 49%
To expedite the voting process, investors will have the option to vote by calling the 800 number on their proxy card. For verification purposes, each proxy card will be assigned a unique control number. Also attached is a list of your clients and the programs in which they invested. We hope this information is helpful. If you have any questions, or need additional information, please feel free to call me at (800) 457-9438, Ext. 2733. MEMORANDUM TO: Broker Dealers FROM: Linda C. Herring RE: Dissolution of 1994-A - 1995-A SDI Partnerships DATE: December 28, 1999 - -------------------------------------------------------------------------------- Swift Energy Company, as Managing General Partner, is recommending that investors in 10 partnerships formed to purchase producing properties during 1994 through April 28, 1995, approve a proposal to sell all of each partnership's oil and gas assets. It is our intention to file proxies for the remaining acquisition partnerships in early 2000. In accordance with each Limited Partnership Agreement, the affirmative vote of investors holding a majority of the SDI's is required to provide for the sale of the partnership's oil and gas assets and conclude the business of the partnership. Swift anticipates these property interests will be sold at public auction or in negotiated sales. If Swift is unable to sell one or more property interests through public auctions or by direct negotiation, then Swift may purchase those property interests. If Swift purchases any property interests, the purchase price will be the higher of the appraised value (from an independent appraiser) or the minimum bid price set at the most recent auction. Member firms who were involved in the original offering of the SDIs or who currently have clients in these partnerships are being provided this summary through their due diligence officers. Because these brief statistics are qualified in their entirety by reference to the individual proxy statements dated December 20, 1999 for each partnership, THIS SUMMARY IS NOT TO BE DISSEMINATED TO A FIRM'S REGISTERED REPRESENTATIVES OR THEIR CLIENTS. For information concerning the circumstances affecting each partnership's performance and the proposal being submitted for investor approval, see "The Proposal," in each proxy statement, especially the subcaptions thereunder entitled "Partnership Financial Performance and Condition" and "Reasons for the Proposal."
INVESTOR CASH ESTIMATED RANGE OF FORMATION CAPTIAL DISTRIBUTIONS LIQUIDATION PROCEEDS PARTNERSHIP DATE CONTRIBUTIONS AS OF 09/30/99 LOW HIGH - ----------- ---- ------------- -------------- --- ---- Swift Energy Operating Partners (Swift Depositary Interests) 1994-A 04/20/94 $ 4,487,431 36.9% 34.1% 43.4% 1994-B 06/30/94 $ 5,698,300 37.45% 38.6% 47.8% 1994-C 09/30/94 $ 5,125,411 34.8% 27.7% 41.1% 1994-D 12/30/94 $ 4,775,604 36.7% 30.1% 42.4% 1995-A 04/28/95 $ 3,692,962 32.3% 36.4% 51.3% Swift Energy Pension Partners (Swift Depositary Interests) 1994-A 04/20/94 $ 2,635,723 36.9% 33.8% 43.2% 1994-B 06/30/94 $ 3,535,809 37.4% 38.1% 47.5% 1994-C 09/30/94 $ 2,783,562 34.8% 27.7% 41.1% 1994-D 12/30/94 $ 3,032,126 36.7% 30.0% 42.4% 1995-A 04/28/95 $ 3,319,041 32.2% 36.5% 51.4%
To expedite the voting process, investors will have the option to vote by calling the 800 number on their proxy card. For verification purposes, each proxy card will be assigned a unique control number. We realize you cannot recommend to either the representatives or their clients that they accept or reject the proposal; however, we would appreciate your assistance in encouraging your clients to vote. To assist you in this task, enclosed is a list of your account representatives and their sales in each of the above mentioned partnerships. Additionally, we will forward to representatives a list of their clients in each partnership in advance of mailing to investors. If you need any further material or have any questions with regard to the proposal, please feel free to contact Linda Herring at (800) 457-9438, extension 2733. -----END PRIVACY-ENHANCED MESSAGE-----