Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
____________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15 (d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE
OF EARLIEST EVENT REPORTED: AUGUST 5, 2009
ATWOOD OCEANICS,
INC.
(Exact
name of registrant as specified in its charter)
COMMISSION
FILE NUMBER 1-13167
TEXAS
(State
or other jurisdiction of incorporation or organization)
Internal
Revenue Service – Employer Identification No. 74-1611874
15835
Park Ten Place Drive, Houston, Texas, 77084
(281)
749-7800
____________
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))
ITEM
2.02 RESULTS
OF OPERATIONS AND FINANCIAL CONDITION
On August
5, 2009, the Company announced its earnings for the Fiscal Year 2009 Third
Quarter ended June 30, 2009. A copy of the press release summarizing these
earnings is filed with this Form 8-K as Exhibit 99.1 and is incorporated herein
by reference.
Additional
information with respect to the Company’s consolidated statements of operations
for the three months and nine months ended June 30, 2009 and 2008, an analysis
of revenues and contract drilling costs for the three months and nine months
ended June 30, 2009 and condensed consolidated balance sheets at June 30, 2009
and September 30, 2008 are attached hereto as Exhibits 99.2, 99.3, and 99.4
respectively, which are being furnished; however, should not be deemed to be
filed under Section 18 of the Exchange Act.
ITEM
7.01 REGULATION FD DISCLOSURE
The
ATWOOD HUNTER completed the drilling program for Noble Energy, Inc. offshore
Israel on July 15, 2009 at which time, it was moved to sheltered water to
undergo required classification inspections which have now been
completed. The rig incurred approximately ten days of zero rate for
these required inspections. The rig is currently being mobilized to
Ghana at a dayrate of $460,000 and upon arrival estimated in early September,
will commence drilling for Kosmos Energy Ghana under its joint contract with
Noble and Kosmos which extends into late 2012 at an operating dayrate around the
mid-$500,000’s.
The
SEAHAWK is in the process of being relocated to a new drilling site under its
contract for Amerada Hess Equatorial Guinea, Inc. During the
relocation period (estimated to take 30 days to complete), the rig’s dayrate
will be reduced from around $87,000 to around $67,000. The ATWOOD
FALCON will complete its current contract commitment with Sarawak Shell Berhad
(“Shell”) offshore Malaysia on August 19, 2009 and immediately, on August 20,
2009, commence a new two year contract commitment with Shell at a dayrate of
$425,000.
The
ATWOOD BEACON has completed its contract offshore India and is currently being
demobilized to a stacking location in India. The ATWOOD SOUTHERN
CROSS and the RICHMOND remain idle in West Africa and the U.S. Gulf of Mexico,
respectively. Contract opportunities are currently being pursued for
all three rigs; however, there are no guarantees that these rigs will not have
idle time for the remainder of fiscal year 2009 and into fiscal year
2010.
Additional
information with respect to the Company’s Fleet Status Report at August 5, 2009
is attached hereto as Exhibit 99.5. Such information is being
furnished under Regulation FD and should not be deemed to be filed under Section
18 of the Exchange Act. The Fleet Status Report has also been posted
on the Company’s website at www.atwd.com.
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 including; the Company’s
dependence on the oil and gas industry; the risks involved in the construction
of a rig and commencement of operations of the rig following delivery;
competition; operating risks; risks involved in foreign operations; risks
associated with possible disruption in operations due to terrorism, acts of
piracy, embargoes, war or other military operations; 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, 2008, filed with the Securities and Exchange
Commission.
ITEM
9.01 EXHIBITS
EXHIBIT
99.1 PRESS RELEASE DATED AUGUST 5, 2009
EXHIBIT
99.2 CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND
NINE MONTHS ENDED JUNE 30, 2009 AND 2008
EXHIBIT
99.3 ANALYSIS OF REVENUES AND CONTRACT DRILLING COSTS
FOR THE
THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2009
EXHIBIT
99.4 CONDENSED CONSOLIDATED BALANCE SHEETS AT JUNE 30, 2009 AND
SEPTEMBER 30, 2008
EXHIBIT
99.5 FLEET STATUS REPORT AT AUGUST 5, 2009
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: August 5,
2009
EXHIBIT
INDEX
EXHIBIT
NO. DESCRIPTION
|
99.1
|
Press
Release dated August 5, 2009
|
|
99.2
|
Consolidated
Statements of Operations for the Three Months and Nine Months ended June
30, 2009 and 2008
|
|
99.3
|
Analysis
of Revenues and Drilling Costs for the Three Months and Nine Months ended
June 30, 2009
|
|
99.4
|
Condensed
Consolidated Balance Sheets at June 30, 2009 and September 30,
2008
|
|
99.5
|
Fleet
Status Report at August 5,
2009
|