IR news

Archer Limited : Second Quarter 2014 Results

Hamilton, Bermuda (August 8, 2014)

Second Quarter 2014 highlights

  • Second quarter revenue from continuing operations of $552 million.
  • Second quarter EBITDA from continuing operations at $53.3 million.
  • Net loss for the quarter of $11.0 million.
  • Second quarter operational cash flow of $21.2 million.
  • Net interest-bearing debt of $757.2 million at June 30, 2014.
  • Completion of construction of Archer Topaz within planned time.

In connection with the earnings release, a conference call will be held at 7:00 Houston time, 13:00 London time, 14:00 Oslo time on Friday August 8, 2014.

For information on how to attend the webcast, detailed information is found on our webpage; https://archerwell.com/page/48/webcast.htm

Questions should be directed to:
David King, Chief Executive Officer
Christoph Bausch, Chief Financial Officer

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.