-----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, FDzvoC3fqJr+cATyzPi6r/Ll0U+PjNYS02G1wBxbYlGIyYuAt2F4K1wvN8KUUqQ9 9pawGM8zm16tgDZULfR5zw== 0000082329-96-000056.txt : 19960802 0000082329-96-000056.hdr.sgml : 19960802 ACCESSION NUMBER: 0000082329-96-000056 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960801 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960801 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: READING & BATES CORP CENTRAL INDEX KEY: 0000082329 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 730642271 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05587 FILM NUMBER: 96602389 BUSINESS ADDRESS: STREET 1: 901 THREADNEEDLE STE 200 CITY: HOUSTON STATE: TX ZIP: 77079 BUSINESS PHONE: 7134965000 MAIL ADDRESS: STREET 1: PO BOX 79627 CITY: HOUSTON STATE: TX ZIP: 77279-9627 FORMER COMPANY: FORMER CONFORMED NAME: READING & BATES OFFSHORE DRILLING CO DATE OF NAME CHANGE: 19790531 8-K 1 FORM 8-K DATED 08/01/96 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 Report: August 1, 1996 READING & BATES CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-5587 73-0642271 (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 901 Threadneedle, Suite 200, Houston, TX 77079 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (713) 496-5000 Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit 99 - Press Release dated July 31, 1996 - Reading & Bates announces that it has reached an agreement with Enserch Exploration, Inc. for a rig swap arrangement involving Reading & Bates' semisubmersibles "RIG 41" and the "M. G. HULME, JR." SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned thereunto duly authorized. READING & BATES CORPORATION By /s/T. W. Nagle ------------------------ T. W. Nagle Executive Vice President, Finance and Administration Dated: August 1, 1996 EX-99 2 PRESS RELEASE DATED 07/31/96 EXHIBIT 99 Internet Address: http://www.rdgbat.com FOR IMMEDIATE RELEASE Contact: Charles R. Ofner (713) 496-5000 Rig 41 to Replace M.G. Hulme, Jr. July 31, 1996, Houston, Texas ........ Reading & Bates Corporation (RB-NYSE) announced that it has reached an agreement with Enserch Exploration, Inc. for a rig swap arrangement involving Reading & Bates' semisubmersibles RIG 41 and the M. G. HULME, JR. Under the terms of the agreement, the M. G. HULME, JR. has been released from a three year contract, originally scheduled to commence approximately August 1, 1996, (retaining an option to drill one well, such option to be exercised by August 30, 1996) and committed to RIG 41 for a contract expected to commence approximately April 1, 1997. RIG 41 will undergo a comprehensive upgrade allowing the vessel to drill in water depths up to 1000 meters prior to contract commencement. The revised contract status will provide a lower average well cost for future projects, including wells to be drilled on the Allegheny project in the Green Canyon 254 area. Reading & Bates expressed confidence in finding other alternative deepwater drilling contracts for the M. G. HULME JR., which recently completed a comprehensive deepwater upgrade. Reading & Bates is a New York Stock Exchange listed company, engaging in offshore drilling services throughout the world. Its wholly owned subsidiary, Reading & Bates Development Co., provides technical, construction and project management services, and floating production systems to the upstream offshore oil and gas industry worldwide. # # # -----END PRIVACY-ENHANCED MESSAGE-----