EX-99 5 exh994.txt EXHIBIT 99.4 ATWOOD OCEANICS, INC. AND SUBSIDIARIES FLEET STATUS REPORT AS OF MAY 8, 2007 As used herein, "we", "us", and "our" refers to Atwood Oceanics, Inc. and its subsidiaries, except where the context indicates otherwise. Statements contained in this Fleet Status Report, including information regarding our estimated rig availability, contract duration, future dayrates, future daily operating costs, future effective tax rates, customer or contract status 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: our dependence on the oil and gas industry; the risks involved in upgrade, repair and construction of our rigs; competition; operating risks; risks involved in foreign operations; risks associated with possible disruptions in operations due to terrorism; risks associated with a possible disruption in operations due to the war with Iraq and governmental regulations and environmental matters. A list of additional risk factors can be found in our annual report on Form 10-K for the year ended September 30, 2006, filed with the Securities and Exchange Commission. All information in this Fleet Status Report is as of the date indicated above. We undertake no duty to update the content of this Fleet Status Report or any forward-looking statement contained herein to conform the statement to actual results or to reflect changes in our expectations. CHANGES WILL BE HIGHLIGHTED IN YELLOW ----------------------------------------------------------------------------------------------------------------------------------- UNAUDITED ESTIMATED AVERAGE PER DAY RATED ESTIMATED CONTRACT OPERATING COSTS ADDITIONAL RIG NAME WATER LOCATION CUSTOMER CONTRACT END DAYRATE (NOT INCLUDING COMMENTS DEPTH DATE TAX) FOR THE THREE MONTHS ENDED MARCH 31, 2007/MONTH ENDED MARCH 31, 2007 ONLY ----------------------------------------------------------------------------------------------------------------------------------- SEMISUBMERSIBLES: ----------------------------------------------------------------------------------------------------------------------------------- ATWOOD 5000' Australia BHP BILLITON FIRM WORK - 4 wells at $94,000/84,000 Wells are EAGLE PETROLEUM PTY (6 wells $160,000 subject to a ("BHPB") remaining 1 well at change in including $170,000 sequence and a current 1 well at portion of the operation) $150,000 dayrate is October 2007 (expected to be subject to some drilled in change due to June/July 2007) currency exchange rate variance. ----------------------------------------------------------------------------------------------------------------------------------- 1 ----------------------------------------------------------------------------------------------------------------------------------- Australia BHPB OPTIONS - $170,000 N/A A portion of the (3 wells) dayrate is January 2008 if all subject to some three option wells change due to are drilled (The currency exchange first two option rate variance. wells must be exercised no later than 68 days prior to the completion of the firm work) ----------------------------------------------------------------------------------------------------------------------------------- Australia ENI Spa AGIP FIRM WORK - $360,000 N/A We expect the well EXPLORATION & (1 well) to take 40 to 45 PRODUCTION DIVISION February/March 2008 days to complete. ("ENI") (assuming that all of the above option wells are drilled) ----------------------------------------------------------------------------------------------------------------------------------- Australia WOODSIDE FIRM WORK - $405,000 N/A A portion of the ENERGY LTD (2 years) dayrate is subject ("WOODSIDE") March 2010 to some change due (assuming that all to currency of the above option exchange rate wells are drilled) variance. ----------------------------------------------------------------------------------------------------------------------------------- Australia N/A N/A N/A N/A The rig is expected to incur ten to fourteen zero rate days during the first or second quarter of fiscal year 2008 for required regulatory inspections and planned maintenance. ----------------------------------------------------------------------------------------------------------------------------------- 2 ----------------------------------------------------------------------------------------------------------------------------------- ATWOOD HUNTER 5,000' Mauritania/ WOODSIDE FIRM WORK - $240,000 $65,000/66,000 The rig is Libya April/May 2008 (Mauritania) currently working $245,000 (Libya) offshore Libya. ----------------------------------------------------------------------------------------------------------------------------------- TBD WOODSIDE OPTIONS - TBD N/A Two (2) six-month options. April/May 2009, if exercised at negotiated market rate. (Agreement has to be executed by November 2007) ----------------------------------------------------------------------------------------------------------------------------------- TBD N/A N/A N/A N/A The rig could incur around five to ten zero rate days during the fourth quarter of fiscal year 2007 for upgrades and planned maintenance. ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ATWOOD FALCON 5,000' Malaysia SARAWAK SHELL FIRM WORK - $113,000 $50,000/$50,000 (The $24 million BERHAD ("SHELL") July 10, 2007 Shell reimbursement is being amortized as revenues over the remaining firm contract commitment following the upgrade (32 months) which will increase dayrate revenues by approximately $24,000.) ----------------------------------------------------------------------------------------------------------------------------------- Malaysia SHELL FIRM WORK - $160,000/ N/A Most of the work (2 years) $200,000 during this period July 2009 (dayrate is expected to be depends on at the $160,000 water depth of dayrate level. each well) ----------------------------------------------------------------------------------------------------------------------------------- Malaysia SHELL OPTION - TBD N/A (1 year) ----------------------------------------------------------------------------------------------------------------------------------- 3 ----------------------------------------------------------------------------------------------------------------------------------- ATWOOD SOUTHERN 2,000' Bulgaria MELROSE RESOURCES FIRM WORK - $125,000 $48,000/$40,000 CROSS ("MELROSE") (3 wells) (two wells) June 2007 $155,000 (one well) ----------------------------------------------------------------------------------------------------------------------------------- Bulgaria MELROSE OPTIONS - $125,000 N/A (There is a (2 wells) possibility August 2007 that Melrose (if both will exercise option wells its two option are exercised plus add one and drilled well but defer immediately the drilling of after the firm these wells work) Options until after the must be rig completes exercised ten the first 3 (10) days wells of the prior to TPAO program.) completion of second firm well. ----------------------------------------------------------------------------------------------------------------------------------- Turkey TURKIYE PETROLLERI FIRM WORK - 3 wells at N/A (The TPAO A.O. ("TPAO") (4 wells) $290,000 contractual February 2008 1 well at work could (assuming $320,000 commence in above MELROSE June/July 2007 option wells if Melrose are drilled defers drilling immediately any option following the wells until completion of after the their firm completion of wells.) the TPAO work). ----------------------------------------------------------------------------------------------------------------------------------- Ukraine VANCO FIRM WORK - $325,000 N/A See above INTERNATIONAL LTD. (1 well) ("VANCO") April 2008 (assuming MELROSE options are exercised) ----------------------------------------------------------------------------------------------------------------------------------- TBD N/A N/A N/A N/A The rig could incur five to ten zero rate days during the fourth quarter of fiscal year 2007 for regulatory inspections. ----------------------------------------------------------------------------------------------------------------------------------- 4 CANTILEVER JACK-UPS: ----------------------------------------------------------------------------------------------------------------------------------- ATWOOD BEACON 400' India GUJARAT STATE FIRM WORK - $113,000 $39,000/$38,000 PETROLEUM January 2008 CORPORATION LTD ("GSPC") ----------------------------------------------------------------------------------------------------------------------------------- India GSPC FIRM WORK - $133,500 N/A (12 months) January 2009 ----------------------------------------------------------------------------------------------------------------------------------- India GSPC OPTIONS - (1 TBD N/A year) ----------------------------------------------------------------------------------------------------------------------------------- VICKSBURG 300' Thailand CHEVRON OVERSEAS FIRM WORK - $94,500 $33,000/$32,000 PETROLEUM June 2007 ("CHEVRON") ----------------------------------------------------------------------------------------------------------------------------------- - Thailand CHEVRON FIRM WORK - $154,000 N/A (2 years) June 2009 ----------------------------------------------------------------------------------------------------------------------------------- Thailand N/A N/A N/A N/A The rig is expected to incur ten to fourteen zero rate days during the last quarter of fiscal year 2007 for required regulatory inspections. ----------------------------------------------------------------------------------------------------------------------------------- 5 SEMISUBMERSIBLE TENDER ASSIST UNIT: ----------------------------------------------------------------------------------------------------------------------------------- SEAHAWK 1,800' Equatorial AMERADA HESS FIRM WORK - $69,680 $77,000/$85,000 Contract Guinea EQUATORIAL September 2008 (plus provides for GUINEA, INC. approximately dayrate ("HESS") $19,000 of increases based amortized per upon certain day revenue.) cost escalations beginning with the second year of the contract. ----------------------------------------------------------------------------------------------------------------------------------- Equatorial HESS OPTIONS - $69,680 N/A Dayrate subject Guinea (2 years) to increase due September to contract 2010 cost (if all four escalations. six-month options are exercised) ----------------------------------------------------------------------------------------------------------------------------------- SUBMERSIBLE: ----------------------------------------------------------------------------------------------------------------------------------- RICHMOND 70' US Gulf of HELIS OIL & GAS FIRM WORK - $80,000 $38,000/$45,000 Mexico ("HELIS") October 2007 ----------------------------------------------------------------------------------------------------------------------------------- US Gulf of N/A N/A N/A N/A The rig could Mexico incur fourteen to twenty-one zero rate days during the first quarter of fiscal year 2008 for required regulatory inspections and planned maintenance. ----------------------------------------------------------------------------------------------------------------------------------- MANAGEMENT CONTRACT ----------------------------------------------------------------------------------------------------------------------------------- NORTH RANKIN `A' N/A Australia WOODSIDE FIRM WORK - Daily margin of The management May 2007 around $5,000 contract is expected to terminate in May 2007. -----------------------------------------------------------------------------------------------------------------------------------
6 NOTE - EXPECTED TAX RATE 1) The effective tax rate for fiscal year 2007 is now expected to be 13% to 16%. Virtually all of the Company's expected tax provision for fiscal year 2007 relates to taxes in foreign jurisdictions. Working in foreign jurisdictions with nontaxable or deemed profit tax systems contribute to the effective tax rate being significantly less than the United States statutory rate. 2) Other Drilling Costs in Addition to the Above Rig Costs - PER DAY FOR THE THREE MONTHS ENDED MARCH 2007 $26,000 7