X0202 4 2006-11-28 0 0000003982 Allis Chalmers Energy Inc. ALY 0001373190 Bulgheroni Alejandro Pedro 5075 WESTHEIMER, #890 HOUSTON TX 77056 1 0 0 0 Common Stock 2006-11-28 4 A 0 3000 A 3000 D Common Stock 500000 I By Associated Petroleum Investors Ltd. Common Stock 1000000 I By Global Oilfield Holdings Limited The shares were issued as a restricted stock award and therefore no consideration was paid by the Reporting Person. The stock award was approved by the Compensation Committee and the Issuer's board of directors on September 12, 2006, subject to stockholder approval of the 2006 Stock Incentive Plan under which the restricted stock was awarded. The Issuer received stockholder approval on November 28, 2006. The stock award vests on September 12, 2007. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of benefical ownership of all of the reported shares for the purposes of Section 16 or for any other purpose. /s/ Alejandro Bulgheroni 2006-11-30