EXHIBIT 99.1(e)
WEATHERFORD INTERNATIONAL, INC.
OFFER TO EXCHANGE ITS 6 5/8% SERIES B SENIOR NOTES DUE 2011, WHICH HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, FOR ANY AND ALL OF
ITS OUTSTANDING 6 5/8% SERIES A SENIOR NOTES DUE 2011
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THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M.,
NEW YORK CITY TIME, ON , 2002, UNLESS EXTENDED.
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To Our Clients:
Enclosed for your consideration is a prospectus dated , 2002 (the
"prospectus") and the accompanying letter of transmittal (which together
constitute the "exchange offer") relating to the offer by Weatherford
International, Inc. to exchange up to $350,000,000 aggregate principal amount of
its new 6 5/8% Series B Senior Notes due 2011 which have been registered under
the Securities Act of 1933 (the "new notes"), for any and all of its outstanding
6 5/8% Series A Senior Notes due 2011 (the "old notes"). As set forth in the
prospectus, the terms of the new notes are identical in all material respects to
the old notes, except that the new notes have been registered under the
Securities Act and therefore will not be subject to certain restrictions on
their transfer and the registration rights described in the prospectus. The
exchange offer is being extended to all holders of old notes in order to satisfy
certain obligations of ours contained in the registration rights agreement,
dated as of November 16, 2001, by and among us and Credit Suisse First Boston
Corporation and Lehman Brothers Inc. Old notes may be tendered in a principal
amount of $1,000 and integral multiples of $1,000.
We are forwarding the enclosed material to you as the beneficial owner of
old notes held by us for your account or benefit but not registered in your
name. Only we may tender old notes in the exchange offer as the registered
holder, if you so instruct us. Therefore, Weatherford International, Inc. urges
beneficial owners of old notes registered in the name of a broker, dealer,
commercial bank, trust company or other nominee to contact such holder promptly
if they wish to exchange old notes in the exchange offer.
Accordingly, we request instructions as to whether you wish us to exchange
any or all old notes held by us for your account or benefit pursuant to the
terms and conditions set forth in the enclosed prospectus and letter of
transmittal. We urge you to read carefully the prospectus and letter of
transmittal before instructing us to exchange your old notes.
You should forward instructions to us as promptly as possible in order to
permit us to exchange old notes on your behalf before the exchange offer expire
at 5:00 P.M., New York City time, on , 2002, unless extended (as it may be
extended, the "expiration date"). A tender of old notes may be withdrawn at any
time prior to the expiration date.
We call your attention to the following:
1. The exchange offer is for the exchange of $1,000 principal amount of
new notes for each $1,000 principal amount of old notes.
2. THE EXCHANGE OFFER IS SUBJECT TO CERTAIN CONDITIONS. PLEASE READ
"THE EXCHANGE OFFER--CONDITIONS TO THE EXCHANGE OFFER" IN THE
PROSPECTUS.
3. Weatherford International, Inc. has agreed to pay certain of the
expenses of the exchange offer. It will pay any transfer taxes
incident to the transfer of old notes from the tendering holder to
Weatherford International, Inc., except as provided in the
prospectus and the letter of transmittal. Please read "The Exchange
Offer--Fees and Expenses" in the prospectus and instruction 13 of
the letter of transmittal.
Weatherford International, Inc. is not making the exchange offer to, nor
will it accept tenders from or on behalf of, holders of old notes residing in
any jurisdiction in which the making of the exchange offer or the acceptance of
tenders would not be in compliance with the laws of such jurisdiction.
If you wish us to tender any or all of your old notes held by us for your
account or benefit, please so instruct us by completing, executing and returning
to us the attached instruction form. THE ACCOMPANYING LETTER OF TRANSMITTAL IS
FURNISHED TO YOU FOR INFORMATIONAL PURPOSES ONLY AND MAY NOT BE USED BY YOU TO
EXCHANGE OLD NOTES HELD BY US AND REGISTERED IN OUR NAME FOR YOUR ACCOUNT OR
BENEFIT.
INSTRUCTIONS
The undersigned acknowledge(s) receipt of your letter and the material
enclosed with and referred to in your letter relating to the exchange offer of
Weatherford International, Inc.
This will instruct you to tender for exchange the aggregate principal
amount of old notes indicated below (or, if no aggregate principal amount is
indicated below, all old notes) held by you for the account or benefit of the
undersigned, pursuant to the terms and conditions set forth in the prospectus
and the letter of transmittal.
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Aggregate principal amount of old notes to be tendered for exchange:*
$ 6 5/8% Series A Senior Notes due 2011
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*I (we) understand that if I (we) sign this instruction form without indicating
an aggregate principal amount of old notes in the space above, all old notes
held by you for my (our) account will be tendered for exchange.
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Signature(s)
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Name(s) (Please print)
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Taxpayer Identification or
Social Security Number(s)
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Capacity (full title), if signing in a
fiduciary or representative capacity
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Telephone (Include area code)
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Address (Include zip code)
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Date
NONE OF THE OLD NOTES HELD BY US FOR YOUR ACCOUNT WILL BE TENDERED UNLESS
WE RECEIVE WRITTEN INSTRUCTIONS FROM YOU TO DO SO. UNLESS A SPECIFIC CONTRARY
INSTRUCTION IS GIVEN IN THE SPACE PROVIDED, YOUR SIGNATURE(s) HEREON SHALL
CONSTITUTE AN INSTRUCTION TO US TO TENDER ALL THE OLD NOTES HELD BY US FOR YOUR
ACCOUNT.