Atwood Oceanics Comments on False Rumor
April 07 2009 - 4:38PM
PR Newswire (US)
HOUSTON, April 7 /PRNewswire-FirstCall/ -- ATWOOD OCEANICS, INC.,
(Houston-based International Drilling Contractor) (NYSE:ATW),
announced today that during a meeting on Tuesday, April 7, 2009,
with analysts, John R. Irwin, the Chief Executive Officer and
President of the Company was advised of a rumor in the market that
the Company was the target in a potential merger or acquisition
situation, as well as unusual activity in the market for the
Company's common stock. Mr. Irwin subsequently advised the
analysts, and others making inquiry of James M. Holland, Senior
Vice President of the Company, were advised that, to their
knowledge and to date, the rumor was unfounded. The Company is
otherwise unaware of any corporate activities that would account
for unusual market activity for the Company's common stock.
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; the Company's dependence on the oil and gas
industry; the risks involved the construction of a rig;
competition; operating risks; risks involved in foreign operations;
risks associated with possible disruption in operations due to
terrorism; risks associated with a possible disruption in
operations due to a war with Iraq; 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, 2008, filed with the Securities and Exchange
Commission. DATASOURCE: Atwood Oceanics, Inc. CONTACT: Jim Holland,
+1-281-749-7804, for Atwood Oceanics, Inc. Web Site:
http://www.atwd.com/
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