Atwood Oceanics Announces Contract Award to the Atwood Southern Cross
January 20 2010 - 5:39PM
PR Newswire (US)
HOUSTON, Jan. 20 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc.,
Houston-based International Drilling Contractor (NYSE:ATW)
announced today that the ATWOOD SOUTHERN CROSS (owned and operated
by our wholly-owned subsidiary Atwood Oceanics Pacific Limited) has
been awarded a contract (at a dayrate of $154,500) by AuDAX
Resources Ltd, to drill one (1) firm well plus one option is
available until March 1, 2010 to drill from one (1) to four (4)
additional wells offshore Tunisia. The rig is expected to go on
dayrate around June 6, 2010 during mobilization with an expected
commencement of drilling on June 15, 2010. The drilling of the one
(1) firm well is expected to take around forty (40) days to
complete. 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 in the construction of a rig
and commencement of operations of the rig following delivery;
competition; operating risks; risks involved in foreign operations;
risks associated with possible disruption in operations due to
terrorism, acts of piracy, embargoes, war or other military
operations; 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, 2009,
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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