In boreholes where formation shear wave velocity is lower than borehole fluid velocity neither refracted shear waves nor pseudo-Rayleigh waves can propagate. When frequency response of the sonde does not extend to low frequencies (e.g. 2 kHz) Stoneley waves are not excited. In such cases refracted P and leaking PL modes become dominant phases on a full waveform acoustic log. The P wave velocity can be determined from the first arrivals. Then, using synthetic seismograms and a waveform matching technique, formation shear wave velocity and attenuation can be estimated. This method is demonstrated using data from DSDP Site 612 in the Baltimore Canyon Trough area of the Atlantic margin.