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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: April 28, 2006
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-13167
Internal Revenue Service - Employer Identification No. 74-1611874
15835 Park Ten Place Drive, Houston, Texas, 77084
(281) 749-7800
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 OTHER EVENTS
On April 28, 2006, the Company announced that the ATWOOD SOUTHERN CROSS,
owned and operated by its wholly owned subsidiary Atwood Oceanics Pacific
Limited, has been awarded a contract by Turkiye Petrolleri A.O. ("TPAO") to
drill three (3) firm wells with options to drill three (3) additional wells off
the coast of Turkey. The contract provides for an operating dayrate for the
three (3) firm wells of $290,000, with an operating dayrate of $320,000 for the
option wells. TPAO will provide a tow vessel and dayrate during rig mobilization
and is obligated to pay on behalf of the Company all Turkish income tax
assessments. The drilling of the three (3) firm wells is estimated to take one
hundred days to complete. If all of the option wells are drilled, the drilling
program could extend another one hundred days. This contract will commence
immediately upon the rig completing its current commitments in the Black Sea for
Melrose Resources and Toreador Turkey Limited (estimated May - July 2007). It
now appears that the rig's contract with ENI will not be completed until August
- September 2006.
A copy of the press release announcing the ATWOOD SOUTHERN CROSS contract
is filed with the Form 8-K as Exhibit 99.1 and is incorporated herein by
reference.
ITEM 9.01 EXHIBITS
EXHIBIT NO.
EX-99.1 Press Release dated April 28, 2006
Statements contained in this report with respect to the future are
forward-looking statements. These statements reflect management's reasonable
judgment with respect to future events. Forward-looking statements involve risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various factors: the Company's dependence on the oil and gas
industry; the risks involved in the construction and repair of a rig;
competition; operating risks; risks involved in foreign operations; risks
associated with possible disruption in operations due to terrorism; risks
associated with a possible disruption in operations due to war; and governmental
regulations and environmental matters. A list of additional risk factors can be
found in the Company's annual report on Form 10-K for the year ended September
30, 2005, filed with the Securities and Exchange Commission.
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
EX - 99.1 Press Release dated April 28, 2006
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ATWOOD OCEANICS, INC.
(Registrant)
/s/ James M. Holland
James M. Holland
Senior Vice President
DATE: April 28, 2006
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EXHIBIT EX. - 99.1
ATWOOD ANNOUNCES CONTRACT FOR
ATWOOD SOUTHERN CROSS
Houston, Texas
28 April 2006
FOR IMMEDIATE RELEASE
Atwood Oceanics, Inc. (a Houston based International Offshore Drilling
Contractor - NYSE ATW) announced today that the ATWOOD SOUTHERN CROSS (owned and
operated by its wholly owned subsidiary Atwood Oceanics Pacific Limited) has
been awarded a contract by Turkiye Petrolleri A.O. ("TPAO") to drill three (3)
firm wells with options to drill three (3) additional wells off the coast of
Turkey. The contract provides for an operating dayrate for the three (3) firm
wells of $290,000, with an operating dayrate of $320,000 for the option wells.
TPAO will provide a tow vessel and dayrate during rig mobilization and is
obligated to pay on behalf of the Company all Turkish income tax assessments.
The drilling of the three (3) firm wells is estimated to take one hundred days
to complete. If all of the option wells are drilled, the drilling program could
extend another one hundred days. This contract will commence immediately upon
the rig completing its current commitments in the Black Sea for Melrose
Resources and Toreador Turkey Limited (estimated May - July 2007). It now
appears that the rig's contract with ENI will not be completed until August -
September 2006.
Statements contained in this report with respect to the future are
forward-looking statements. These statements reflect management's reasonable
judgment with respect to future events. Forward-looking statements involve risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various factors: the Company's dependence on the oil and gas
industry; the risks involved in the construction and repair of a rig;
competition; operating risks; risks involved in foreign operations; risks
associated with possible disruption in operations due to terrorism; risks
associated with a possible disruption in operations due to war; and governmental
regulations and environmental matters. A list of additional risk factors can be
found in the Company's annual report on Form 10-K for the year ended September
30, 2005, filed with the Securities and Exchange Commission.
Contact: Jim Holland
(281) 749-7804
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