Current Report Filing (8-k)
March 21 2016 - 9:26AM
Edgar (US Regulatory)
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 Report (Date of earliest event reported): March 21, 2016
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
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Texas |
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1-13167 |
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74-1611874 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(I.R.S. Employer
Identification No.) |
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15011 Katy Freeway, Suite 800, Houston, Texas |
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77094 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (281) 749-7800
N/A
(Former Name, Former
Address and Former Fiscal Year, 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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 7.01 REGULATION FD DISCLOSURE
On March 21, 2016, the Company issued a press release announcing program changes for its Australia rigs. The press release is furnished as Exhibit 99.1 to
this Current Report on Form 8-K.
The information disclosed under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed
filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise be subject to the liabilities of that section and such information, including Exhibit 99.1, shall
not be incorporated by reference into any filing under the Exchange Act of the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
The exhibits to this report furnished pursuant to item 7.01 are as follows:
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99.1 |
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Press Release dated March 21, 2016, regarding the Australia rig program changes |
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.
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ATWOOD OCEANICS, INC. |
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(Registrant) |
Date: March 21, 2016 |
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/s/ Mark W. Smith |
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Mark W. Smith |
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Chief Financial Officer |
EXHIBIT INDEX
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EXHIBIT NO |
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DESCRIPTION |
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99.1 |
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Press Release dated March 21, 2016, regarding the Australia rig program changes |
Exhibit 99.1
ATWOOD OCEANICS ANNOUNCES PROGRAM CHANGES FOR AUSTRALIA RIGS
FOR IMMEDIATE RELEASE
HOUSTON, March 21, 2016 Atwood
Oceanics, Inc. (NYSE: ATW) announced today that its Australia subsidiarys drilling services contract with Woodside Energy Ltd (Woodside) for the semisubmersible Atwood Eagle has been suspended by mutual agreement effective
March 19, 2016 and the remaining term of 165 days has been transferred to the semisubmersible Atwood Osprey for Woodsides utilization upon completion of the Atwood Ospreys current drilling program. The material
contractual terms and conditions, including dayrate, of the Woodside drilling services contract remain unchanged after this assignment to the Atwood Osprey.
The Atwood Eagle will temporarily remain in Australia until plans are finalized for its mobilization to Singapore, where the rig will be available for
hire.
Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for
the global oil and gas industry. The Company currently owns 11 mobile offshore drilling units and is constructing two ultra-deepwater drillships. The Company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common
stock is traded on the New York Stock Exchange under the symbol ATW. For more information about the Company, please visit www.atwd.com.
Contact: Mark W. Smith
Senior Vice
President and CFO
(281) 749-7840
Forward
Looking Statements
Statements contained in this press release with respect to the future are forward-looking statements. These statements reflect
managements reasonable judgment with respect to future events. Forward-looking statements are subject to numerous risks, uncertainties and assumptions and actual results could differ materially from those anticipated as a result of various
factors including: uncertainties related to the level of activity in offshore oil and gas exploration and development; oil and gas prices; competition and market conditions in the contract drilling industry; our ability to enter into and the terms
of future contracts; possible cancelation or suspension of drilling contracts; the availability of qualified personnel; labor relations; operating hazards and risks; terrorism and political and other uncertainties inherent in foreign operations
(including risk of war, civil disturbances, seizure or damage to equipment and exchange and currency fluctuations); the impact of governmental and industry laws and regulations; and environmental matters. These factors and others are described and
discussed in our most recently filed annual report on Form 10-K, in our Forms 10-Q for subsequent periods and in our other filings with the Securities and Exchange Commission which are available on the SECs website at www.sec.gov. Each forward
looking statement speaks only as of the date of the particular statement and we undertake no duty to update the content of this press release or any forward-looking statement contained herein to conform the statement to actual results or to reflect
changes in our expectations.
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