Hamilton, Bermuda (August 8, 2014)
Second Quarter 2014 highlights
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Second quarter revenue from continuing operations of $552 million.
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Second quarter EBITDA from continuing operations at $53.3 million.
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Net loss for the quarter of $11.0 million.
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Second quarter operational cash flow of $21.2 million.
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Net interest-bearing debt of $757.2 million at June 30, 2014.
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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.