Atwood Oceanics Closes Sale of Seascout

Atwood Oceanics closed the sale of the SEASCOUT on October 5th. The sale was previously announced on August 31, 2005, to a Norwegian company for $10 million (net after certain expenses), which will result in a gain of approximately $1 million ($.06 per diluted share after tax effect). The SEASCOUT has been cold-stacked since its purchase in 2000.

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