ATW Atwood Oceanics, Inc. (delisted)

HOUSTON, March 2 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE:ATW), Houston-Based International Drilling Contractor, (the "Company") today announced that its Board of Directors had approved a two-for-one stock split of its common stock to be effected in the form of a 100% stock dividend payable April 7, 2006, on all shares of common stock outstanding as of the close of business on March 24, 2006. At the Company's annual shareholders meeting on February 9, 2006, the shareholders of the Company approved increasing the number of authorized shares of common stock of the Company from 20,000,000 shares to 50,000,000 shares thereby facilitating the ability of the Board of Directors to implement a two-for-one stock split in the form of a 100% stock dividend. 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: the Company's dependence on the oil and gas industry; the risks involved in the construction and repair of a rig; competition; operating risks; risks involved in foreign operations; risks associated with a possible disruption in operations due to terrorism; risks associated with a possible disruption in operations due to war; and governmental regulations and environmental matters. A list of additional risk factors can be found in the Company's annual report on Form 10-K for the year ended September 30, 2005, filed with the Securities and Exchange Commission. DATASOURCE: Atwood Oceanics, Inc. CONTACT: Jim Holland of Atwood Oceanics, Inc., +1-281-749-7804 Web site: http://www.atwd.com/

Copyright