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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended November 30, 1996
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
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Commission file number 1-7573
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PARKER DRILLING COMPANY
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Exact name of registrant as specified in its charter)
Delaware 73-0618660
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
8 East Third St., Tulsa, Oklahoma 74103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (918) 585-8221
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Not applicable
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(Former name, former address and former fiscal year, if changed
since last report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
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Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
At December 31, 1996, 68,493,182 shares of common stock were
outstanding.
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PART II - OTHER INFORMATION
Items 1 through 5 are not applicable and have been omitted.
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits:
10.1 Term Loan Agreement between Parker Drilling
Company and ING (U.S.) Capital Corporation,
dated November 8, 1996.
(b) Reports on Form 8-K:
Parker Drilling Company filed a Form 8-K on September 19,
1996, stating that Parker and Energy Ventures Incorporated had entered into a
Stock Purchase Agreement on September 14, 1996, by which Parker will acquire
Mallard Bay Drilling, Inc., a wholly-owned subsidiary of EVI principally engaged
in the offshore contract drilling business.
Parker filed a Form 8-K on October 17, 1996, stating that
Parker had entered into a Stock Purchase Agreement on October 7, 1996, by which
Parker will acquire Quail Tools, Inc. from its former stockholders. Quail is
engaged in the tool rental business.
Parker filed a Form 8-K/A on October 24, 1996, amending
the Form 8-K filed on September 19, 1996, to include the Stock Purchase
Agreement.
Parker filed a Form 8-K on November 25, 1996, stating that
on November 12, 1996, Parker completed the previously announced acquisitions of
Mallard and Quail.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
PARKER DRILLING COMPANY
March 25, 1997
By: /s/ JAMES J. DAVIS
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James J. Davis
Senior Vice President -- Finance
and Chief Financial Officer
By: /s/ RANDY ELLIS
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Randy Ellis
Controller and Chief Accounting
Officer
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EXHIBIT INDEX
10.1 Term Loan Agreement between Parker Drilling
Company and ING (U.S.) Capital Corporation,
dated November 8, 1996.