Proxy Unblocker Journal

1 Atwood Oceanics, Inc. And Subsidiaries Fl eet Status Report As of May 1 , 201 2 Rig Name Rated Water Depth Location Customer Estimated Contract End Date Estimated Contract Day Rate Additional Comments ULTRA - DEEPWATER ATWOOD ACHIEVER 12,000’ Under construction in Korea with delivery expected in June 2014. --- AVAILABLE N/A ATWOOD ADVANTAGE 12 ,000’ Under constr uction in Korea with delivery expected in September 2013. --- AVAILABLE N/A ATWOOD CONDOR 10 ,000’ Under constr uction in Singapore with delivery expected in June /July 2012. --- --- N/A U.S. Gulf Of Mexico HESS CORPORATION June /July 2014 (21 month duration commencing approximately October /November 2012) $514,000 Upon delivery from the shipyard, the rig will commence mobilization to the U.S. Gulf of Mexico at a day rate of approximately $360,000 with an expected arrival in September /October 2012. Day rate subject to change due to cost escalation provisions in the contract. ATWOOD OSPREY 8,2 00’ Australia CHEVRON AUSTRALIA PTY. LTD. (“CHEVRON”) May 2017 (Fixed term) Approximately $4 9 0,000 through May 2014/ approximately $470,000 thereafter Day rate s ubject to change due to cost escalation and currency exchange provisions in the contract. 2 DEEPWATER SEMISUBMERSIBLES ATWOOD EAGLE 5000’ Australia CHEVRON October 2012 (6 months) $370,000 Australia APACHE ENERGY LTD. (“APACHE”) April 2014 (18 months) Approximately $3 8 5 ,000 Day rate subject to change due to cost escalation and currency exchange provisions in the contract. The rig could incur approximately 2 5 zero rate days in the first quarter of fiscal year 2013 for regulatory inspections and planned maintenance. ATWOOD FALCON 5,000’ Singapore --- May 2012 --- The rig entered the shipyard on February 13, 2012 for planned maintenance and contract preparation work. Australia APACHE December 2014 (30 month duration commencing approximately June 2012) Approximately $3 85 ,000 Day rate subject to change due to cost escalation and currency exchange provisions in the contract. ATWOOD HUNTER 5,000’ Ghana KOSMOS ENERGY GHANA INC October 2012 (Fixed term) $538,000 Day rate s ubject to change due to cost escalation provisions in the contract. Cameroon/ Equatorial Guinea NOBLE ENERGY INC. (“NOBLE”) April 2013 (3 wells commencing approximately December 2012) $364,000 (Cameroon)/ $388,000 (Equatorial Guinea)/$408,000 after 155 days Prior to commencement, the rig will incur approximately 30 zero rate days for regulatory inspections and planned maintenance. The contract provides an option for one well at $408,000 which must be exercised by the start of the second well. 3 JACK - UPS ATWOOD MAKO 400’ Under constr uction in Singapore with delivery expected in September 2012. --- --- N/A This rig is currently ahead of its construction schedule and could be delivered approximately two weeks ahead of its estimated delivery date. Thailand SALAMANDER ENERGY (BUALUANG) LIMITED Sept 2013 (12 months) $1 45 ,000 ATWOOD MANTA 400’ Under constr uction in Singapore with delivery expected in December 2012 . --- AVAILABLE N/A This rig is currently ahead of its construction schedule . ATWOOD ORCA 400’ Under constr uction in Singapore with delivery expected in June 2013. --- AVAILABLE N/A This rig is currently ahead of its construction schedule . ATWOOD BEACON 400’ Guyana REPSOL EXPLORATION S.A . Aug 2012 (1 well) $115,000 The rig could incur approximately five zero rate days in the fourth quarter of fiscal year 2012 for regulatory inspections and planned maintenance. Israel SHEMEN OIL AND GAS RESOURCES LTD. February 2013 (6 month duration commencing approximately September 2012) $151,000 ATWOOD AURORA 350’ Equatorial Guinea NOBLE May 2012 ( 2 wells) $134 ,000 Cameroon BOWLEVEN PLC. October 2012 (2 wells) $134,000 VICKSBURG 300’ Thailand CEC INTERNATIONAL, LTD. December 201 2 (Fixed term) $90,000 (until June 30 , 2012 )/ $95,000 thereafter 4 OTHER ATWOOD SOUTHERN CROSS 2,000’ Malta --- COLD STACKED N/A SEAHAWK 1,800’ Ghana --- COLD STACKED N/A RICHMOND 70’ US Gulf of Mexico --- --- N/A We have entered into a definitive agreement to dispose of the rig for approximately $7 million , subject to certain conditions precedent including class recertification . 5 DEFINITIONS AND DISCLAIMERS As used herein, “we”, “us”, and “our” refers to Atwood Oceanics, Inc. and its subsidiaries, except Report, including , but not limited to, information regarding our estimated rig availability, estimated delivery dates, estimated contract duration, day rates, future contract commencement dates and locations and planned out of service time are forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 . These statements reflect management's reasonable judgment with respect to future events. Forward - looking statements are subject to numerous risks , uncertainties and assumptions and a ctual 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; the contract drilling industry; shipyard delays and the risks in herent in the construction of a rig ; delays in the commencement of operations of a rig following delivery; our ability to enter into and the terms of future contacts; possible cancelation or s uspension of drilling contracts; the availability of qualified personnel; labor relations; operatin g 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 indust ry 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 Exc hange Commission which are available on the SEC’s website at www.sec.gov . All and is subject to change without notice. You should not place undue reliance on forward - looking statem ents . Each forward - looking statement speaks only as of the date of the particular statement, and w forward - looking statement contained herein to conform the statement to actual re sults or to reflect changes in our expectations.