Archer Limited : Share capital increase

Hamilton, Bermuda (March 2, 2012)  Archer Limited has issued 11,500 new shares, pursuant to the previously announced Settlement with Dissenting Allis-Chalmers Stockholders on November 9, 2011.  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 Limited – Option Award

Hamilton, Bermuda (February 29, 2012) The Board has with support from the Company’s stock option plan awarded the company’s chief executive officer Fredrik Halvorsen the option to acquire one million shares in Archer.  The options strike price will be set at 14.86 NOK, equal to the average trading price of the shares the three days […]

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Archer Limited : Fourth Quarter and Preliminary 2011 Results

Hamilton, Bermuda (February 29, 2012) Fourth Quarter Highlights  Fourth quarter revenue of $ 596.1 million Fourth quarter EBITDA of $ 82.0 million, including $ 5.2 million of exceptional income Charge for impairment of intangible assets and goodwill of $ 121.5 million Net loss for the quarter of $ 111.8 million  Fourth quarter operational cash flow […]

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Archer Limited : Filing of Form 15F to Terminate Reporting Obligations under United States Exchange Act of 1934

Hamilton, Bermuda (February 27, 2012) Archer Limited announced today that it has filed a Form 15F with the United States Securities and Exchange Commission (the “SEC”) with the intention of terminating its reporting obligations under Section 13(a) and Section 15(d) of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”).   […]

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Archer Limited announces fourth quarter 2011 results and preliminary results for 2011 earnings release date and conference call information

Hamilton, Bermuda (February 24, 2012) Archer Limited’s fourth quarter 2011 results and preliminary results for 2011 are scheduled to be released on Wednesday February 29, 2012 before the start of trading on Oslo Stock Exchange. In connection with the earnings release, a conference call/webcast will be held at 1PM GMT (2PM CET) on Wednesday 29, 2012. To […]

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Archer Limited Announces Notice of Redemption of Allis-Chalmers Energy Inc. 9.0% and 8.5% Senior Notes, due 2014 and 2017

Hamilton, Bermuda (January 31, 2012) Archer Limited announces that its wholly-owned subsidiary, Allis-Chalmers Energy Inc., has notified holders of its 9.0% Senior Notes, due 2014 (the “2014 Notes”), and its 8.5% Senior Notes, due 2017 (the “2017 Notes”), that all notes will be redeemed on March 1, 2012. Pursuant to the terms of the Indenture, […]

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Archer announces a new organizational structure and adds senior positions to its North American management team

Hamilton, Bermuda (January 3, 2012)   Archer announces a new organization centered on four geographic and strategic areas to better align with its customers, drive operational performance and create synergies. Effective immediately Archer will be organized as follows: North America (NAM) headquartered in Houston and led by Ronney Coleman, who joins Archer following a year […]

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Archer Limited : Change in principal officers and financial update

Hamilton, Bermuda (January 1, 2012)  The Board of Directors of Archer Limited (OSE: ARCHER) announces the following changes to the Company’s governance structure as of 1 January 2012.  After the successful integration of Gray Wireline, Allis-Chalmers and Seawell and the creation of Archer, Mr. Jorgen Rasmussen will transition out of his role as group Chief […]

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Archer Limited : Share capital increase

Hamilton, Bermuda (December 30, 2011) Archer Limited has issued 228,620 new shares, pursuant to the previously announced Settlement with Dissenting Allis-Chalmers Stockholders on November 9. 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 following […]

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