UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) October 22, 2004
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PARKER DRILLING COMPANY
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-7573 73-0618660
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(Commission File Number) (IRS Employer Identification No.)
1401 Enclave Parkway, Suite 600, Houston, TX 77077
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(Address of Principal Executive Offices) (Zip Code)
(281) 406-2000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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 October 22, 2004, Parker Drilling Company ("Company") issued a press
release announcing expected results of operations for the third quarter of 2004
and management's outlook for operations for the fourth quarter. In addition, the
press release provided an update of a dispute between a subsidiary of the
Company and customs authorities in Kazakhstan in regard to Rig 257, indicating
that the Company anticipates that the dispute will be settled for approximately
$4 million, of which approximately $2 million is expected to be recovered
through VAT credits.
A copy of this press release is attached as Exhibit 99 to this Report on
Form 8-K. This information is being furnished pursuant to Item 2.02 of Form 8-K
and shall not be deemed "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that Section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, except as shall be expressly set
forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits.
The following exhibit is furnished herewith:
99 Press release dated October 22, 2004, issued by the Company
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.
PARKER DRILLING COMPANY
Date: October 22, 2004 By: /s/ Robert L. Parker Jr.
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Name: Robert L. Parker Jr.
Its: President and Chief Executive
Officer and Director
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Exhibit Index
Exhibit No. Description
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99 Press Release dated October 22, 2004, issued
by the Company
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