-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S6z/4StBFIdmu77aI4psJqsvJnLS34EQaEJaCgOFJtetmIzD7Vcn6iGCz3g49xaz 1o9UPY1UV5ZUsSRg2f89Xw== 0000008411-06-000099.txt : 20060808 0000008411-06-000099.hdr.sgml : 20060808 20060808150342 ACCESSION NUMBER: 0000008411-06-000099 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060803 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20060808 DATE AS OF CHANGE: 20060808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATWOOD OCEANICS INC CENTRAL INDEX KEY: 0000008411 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 741611874 STATE OF INCORPORATION: TX FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13167 FILM NUMBER: 061012597 BUSINESS ADDRESS: STREET 1: 15835 PARK TEN PL DR STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77084 BUSINESS PHONE: 2817497845 MAIL ADDRESS: STREET 1: 15835 PARK TEN PL DR STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77084 8-K 1 f8kaug82006.txt 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 3, 2006 ATWOOD OCEANICS, INC. (Exact name of registrant as specified in its charter) Texas (State or other jurisdiction of incorporation) COMMISSION FILE NUMBER 1-13167 IRS Employer Identification No. 74-1611874 15835 Park Ten Place Drive Houston, Texas, 77084 (Address of principal executive offices) (281) 749-7800 (Registrant's telephone number, including area code) N/A (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)) -1- ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION The filing of Form 8-K on July 28, 2006, announcing our earnings for the third quarter of fiscal year 2006 of $0.89 and $0.87 per basic and diluted share, respectively, is hereby amended due to foreign communications received that a foreign tax authority had approved acceptance of certain amended prior year tax returns. The acceptance of these amended tax returns resulted in the recognition of a $4.6 million tax benefit in the third quarter of fiscal year 2006, which increased basic and diluted earnings per share for the quarter ended June 30, 2006 by $0.17 and for the nine months ended June 30, 2006 by $0.17 and $0.16, respectively. This change increased basic and diluted earnings per share for the third quarter of fiscal year 2006 from $.89 and $.87 (as previously reported) to $1.06 and $1.04, respectively, and for the nine months ended June 30, 2006 from $1.87 and $1.84 (as previously reported) to $2.04 and $2.00, respectively. ITEM 7.01 REGULATION FD DISCLOSURE A change has been made to our "Fleet Status Report" on our website to reflect an amendment to the drilling contracts of Toreador Turkey Limited ("Toreador") and Melrose Resources ("Melrose"). The ATWOOD SOUTHERN CROSS will now drill at least two of its three-well commitment for Toreador ahead of the Melrose drilling program of three firm wells plus two option wells. Toreador can elect to drill its last well commitment after the completion of the Melrose drilling program, and if so drilled, the dayrate will be $135,000. The SEAHAWK has completed its mobilization to Equatorial Guinea and has commenced operations under its contract with Amerada Hess Equatorial Guinea, Inc. As a result of the recognition of the $4.6 million deferred tax benefit, our effective tax rate for fiscal year 2006 is now expected to be 4% to 6%, a decline from the estimated effective tax rate of 10% to 12% previously reported in our "Fleet Status Report". The effective tax rate for the fourth quarter of fiscal year 2006 is expected to be 11% to 13%. 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: our dependence on the oil and gas industry; the risks involved in upgrade, repair and construction of our rigs; competition; operating risks; risks involved in foreign operations; risks associated with possible disruptions in operations due to terrorism; risks associated with a possible disruption in operations due to the war with Iraq and governmental regulations and environmental matters. A list of additional risk factors can be found in our annual report on Form 10-K for the year ended September 30, 2005, filed with the Securities and Exchange Commission. -2- 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) DATE: August 8, 2006 /s/ James M. Holland James M. Holland Senior Vice President -3- -----END PRIVACY-ENHANCED MESSAGE-----