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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: December 5, 2005
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 December 5, 2005, 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 Toreador Turkey Limited ("Toreador") to
drill three (3) firm wells off the coast of Turkey. The contract provides for a
operating dayrate for all wells of $125,000. Toreador will provide a tow vessel
and dayrate for the mobilization of the rig and the obligation to demobilize the
rig on dayrate from the Black Sea in the event the rig does not have ongoing
work in the Black Sea following the Toreador contract. The drilling of three (3)
wells is estimated to take ninety days to complete. This contract will commence
immediately upon the rig completing its contract commitment offshore Bulgaria
for Melrose Resources (estimated September/October 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 December 5, 2005
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, 2004, filed with the Securities and Exchange Commission.
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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: December 5, 2005
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
EX - 99.1 Press Release dated December 5, 2005
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EXHIBIT EX. - 99.1
ATWOOD OCEANICS ANNOUNCES ATWOOD SOUTHERN CROSS CONTRACT AWARD
Houston, Texas
5 December 2005
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 Toreador Turkey Limited ("Toreador") to drill three
(3) firm wells off the coast of Turkey. The contract provides for a operating
dayrate for all wells of $125,000. Toreador will provide a tow vessel and
dayrate for the mobilization of the rig and the obligation to demobilize the rig
on dayrate from the Black Sea in the event the rig does not have ongoing work in
the Black Sea following the Toreador contract. The drilling of three (3) wells
is estimated to take ninety days to complete. This contract will commence
immediately upon the rig completing its contract commitment offshore Bulgaria
for Melrose Resources (estimated September/October 2006).
Statements contained in this release 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 upgrade to the Company's rigs; competition;
operating risks; risks involved in foreign operations; risks associated with
possible disruptions in operations due to terrorism; 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, 2004, filed with the Securities and Exchange Commission.
Contact: Jim Holland
(281) 749-7804
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