Archer Limited : Financial Calendar 2013

Hamilton, Bermuda (December 18, 2012) Archer Limited plans to release its financial statements on the following dates in 2013: 28 February 2013  – Preliminary fourth quarter and financial year 2012 results31 May 2013   – First quarter 2013 results30 August 2013   – Second quarter 2013 results29 November 2013  – Third quarter 2013 results Please be advised […]

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Correction: Archer Limited announces third quarter 2012 earnings release date and conference call information

Hamilton, Bermuda (November 27, 2012) Archer’s third quarter 2012 results are scheduled to be released on Monday December 3, 2012 before the start of trading on the Oslo Stock Exchange. In connection with the earnings release, a conference call will be held at 13:00 London time (14:00 Oslo time) on Monday December 3, 2012. To […]

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Archer Limited : Third Quarter 2012 Results

Hamilton, Bermuda (December 3, 2012) Third quarter 2012 highlights Third quarter revenue of $551.9 million. Third quarter EBITDA of $53.9 million including $9.0 million of exceptional charges. Third quarter impairment charge of $338.7 million Net loss for the quarter of $341.3 million. Third quarter operational cash outflow of $47.6 million. Net interest bearing debt of $1,189.3 million at September 30, 2012 […]

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Archer Limited announces third quarter 2012 earnings release date and conference call information

Hamilton, Bermuda (November 27, 2012) Archer’s third quarter 2012 results are scheduled to be released on Monday December 3, 2012 before the start of trading on the Oslo Stock Exchange. In connection with the earnings release, a conference call will be held at 13:00 London time (14:00 Oslo time) on Monday December 3, 2012. To […]

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Archer Limited : Revised outlook and impairment charges

Hamilton, Bermuda (November 25, 2012) Market conditions in North America continued to decline in the third quarter, with significant pressure on pricing and lower than expected utilization. Consequently, Archer will breach its covenants at the end of the third quarter under its syndicated loan facility, and has entered into negotiations with its lenders to find […]

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Archer Limited : Three year Apache contract for Archer enhances strong operations in North Sea

Aberdeen (27 September 2012) – Global oilfield services provider Archer has secured a three year contract to provide platform drilling and maintenance services to six Apache platforms in the North Sea. As the incumbent contractor on the Forties Alpha, Forties Bravo, Forties Charlie and Forties Delta, this contract is an extension to the company’s existing […]

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Archer Limited : Minutes from the 2012 Annual General Meeting

Hamilton, Bermuda (September 24, 2012) Archer Limited (the “Company”) advises that the 2012 Annual General Meeting of the Company was held on September 21, 2012 at 10:10 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG06, Bermuda.  The following resolutions were passed: 1)   To re-elect Saad Bargach as a Director of the […]

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Archer Limited : Notice of Annual General Meeting 2012

Hamilton, Bermuda (September 3, 2012) Archer advises that its 2012 Annual General Meeting will be held on September 21, 2012. The record date for voting at the Annual General Meeting is set to July 16, 2012.  A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial Statements for […]

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Archer Limited : Second Quarter and Half Year 2012 Results

Hamilton, Bermuda (August 29, 2012) Second Quarter Highlights ·         Second quarter revenue of $555.0 million, Year-to-date revenue of $1.1 billion. ·         Second quarter EBITDA of $70.9 million, Year-to-date EBITDA of $138.1 million. ·         Net loss for the quarter of $7.8 million, Year to date net income of $7.2 million. ·         Second quarter operational cash flow of $114.8 million, Year […]

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