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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: September 22, 2004
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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ITEM 8.01 OTHER EVENTS
The Company has now recovered, transported to Singapore and inspected all
three legs of the ATWOOD BEACON that were damaged, along with the drilling unit,
on July 25, 2004. As previously announced, the ATWOOD BEACON has been awarded a
contract in Vietnam which is to commence between January 15 and April 15, 2004.
Based on the current shipyard schedule, the rig should be repaired within the
180 days loss of hire insurance coverage period and be ready to begin operating
in Vietnam by the end of January, 2005. A copy of the press release announcing
the expected timing of the rig commencing the contract in Vietnam is filed with
this Form 8-K as Exhibit 99.1
ITEM 9.01 EXHIBITS
EXHIBIT NO.
EX-99.1 Press Release dated September 22, 2004
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, 2003, filed with the Securities and Exchange Commission.
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
EX - 99.1 Press Release dated September 22, 2004
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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: September 22, 2004
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EXHIBIT EX. - 99.1
ATWOOD BEACON EXPECTED TO BE REPAIRED BY JANUARY 2005
Houston, Texas
22 September 2004
FOR IMMEDIATE RELEASE
Atwood Oceanics, Inc. (Houston-based International Offshore Drilling
Contractor - NYSE: ATW) announced that all three legs of the ATWOOD BEACON that
were damaged, along with the drilling unit, on July 25, 2004 have now been
recovered, transported to Singapore and inspected. As previously announced, the
ATWOOD BEACON has been awarded a contract in Vietnam which is to commence
between January 15 and April 15, 2005. Based on the current shipyard schedule,
the rig should be repaired within the 180 days loss of hire insurance coverage
period and be ready to begin operations in Vietnam by the end of January 2005.
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, 2003, filed with the Securities and Exchange Commission.
Contact: Jim Holland
(281) 749-7804
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