Archer Limited – Option awards

Hamilton, Bermuda (November 9, 2011) The Board of Archer Limited has granted Mr. Christoph Bausch and Mr. Max Bouthillette 100,000 share options each at a subscription price of NOK 21.91 per share. The options will vest 1/5 on January 1 of each year during the option term. The options have a term life from the […]

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Archer Limited Announces Settlement with Dissenting Allis-Chalmers Stockholders

Hamilton, Bermuda (November 9, 2011) Archer Limited announced today that it has entered into a settlement agreement with certain former stockholders (the “Dissenting Stockholders”) of Allis-Chalmers Energy Inc and the settlement has been approved by the Delaware Court of Chancery.  In connection with the settlement agreement, Archer will issue an aggregate of 228,620 common shares […]

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ARCHER announces third quarter 2011 earnings release date and conference call information

Hamilton, Bermuda (November 7, 2011) Archer’s third quarter 2011 results are scheduled to be released on Tuesday November 22, 2011 before the start of trading on Oslo Stock Exchange. In connection with the earnings release, a conference call/webcast will be held at 2PM GMT (3PM CET) on Tuesday 22, 2011 by Jorgen Peter Rasmussen, President and Chief […]

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Archer – Minutes from the Annual General Meeting 2011

Hamilton Bermuda (September 26, 2011)   Archer Limited (the “Company”) advises that the 2011 Annual General Meeting of the Company was held on September 23, 2011 at 10:00 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda.  The following resolutions were passed:  1)         To re-elect Saad Bargach as a Director of the […]

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Archer – 2011 Annual General Meeting

Hamilton, Bermuda  (September 12, 2011)   Archer advises that its 2011 Annual General Meeting will be held on September 23, 2011. The record date for voting at the Annual General Meeting is set to July 19, 2011. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) Attachments Notice […]

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Archer – Allis-Chalmers 10Q and 10K filing

Hamilton, Bermuda (September 5, 2011) Allis-Chalmers Energy Inc, a wholly owned subsidiary of Archer Limited, filed their first and second quarter 10Q report with the SEC on September 2.  An amended 10K report for 2010 was filed on September 1. The reports are available on the SEC website www.sec.gov. This information is subject of the disclosure requirements acc. […]

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ARCHER – Completed Private Placement

Hamilton, Bermuda (September 1, 2011) Reference is made to the press release dated 31 August regarding a contemplated Private Placement of shares in Archer Limited (“Archer” or the “Company”).  The Private Placement was closed on 31 August. The Company has resolved to issue 30,000,000 new shares at NOK 30 per share, raising gross proceeds of NOK […]

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ARCHER – Share capital increase

Hamilton, Bermuda (August 31, 2011)   Archer Limited (OSE: ARCHER) have issued 12.7 million new shares, pursuant to the previously announced Private Placement on August 26.   The authorized share capital of Archer Limited is USD 1,200,000,000 divided into 600,000,000 common shares of par value USD 2.00 each. Fully paid and outstanding share capital of Archer Limited […]

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Archer successfully raises Great White equity financing from Seadrill and Lime Rock at NOK 35 per share.

Hamilton, Bermuda (August 26, 2011) Archer Limited’s (“Archer“) board has, today, resolved to issue 12.7 million new shares of USD 2.- par value at a subscription price of NOK 35,- per share in a private placement directed towards its two largest shareholders, Seadrill Limited (“Seadrill“) and Lime Rock Partners V.L.P. (“Lime Rock“). Seadrill was allocated […]

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