Archer Limited : First Quarter 2016 Results

Hamilton, Bermuda (April 29, 2016) First Quarter 2016 highlights First Quarter revenue from continuing operations was $229.2 million First Quarter EBITDA from continuing operations of $19.9 million including $8.7 million of restructuring costs Net loss for the Quarter of $27.8 million First Quarter operating cash flow of $ 6.4 million Net interest-bearing debt of $809.0 million […]

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Archer Limited : Announcement of first quarter 2016 earnings release date and conference call information

Hamilton, Bermuda (April 25, 2016) Archer Limited’s first quarter 2016 results are scheduled to be released on April 29, 2016 before the start of trading on Oslo Stock Exchange. 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 April 29, 2016. […]

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Archer Limited : Appointment of new CFO in Archer

Hamilton Bermuda (April 19, 2016) Archer Limited is pleased to announce the appointment of Dag Skindlo as the Company’s new Chief Financial Officer and Executive Vice President Strategy, effective May 1, 2016. Mr. Skindlo will replace Christoph Bausch, who has been the Executive Vice President and CFO in Archer since May 2011.  Mr. Bausch has […]

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Archer Limited : ConocoPhillips awarded Archer contract for Mechanical Wireline Services on the Norwegian Continental Shelf until 2021

Hamilton, Bermuda, (April 8, 2016) Archer Limited announces that ConocoPhillips has awarded Archer a five-year contract for the provision of Mechanical Wireline Services for the Norwegian Continental Shelf. The contract was awarded to Archer following a competitive tender process for ConocoPhillips’ well intervention services in Norway. Archer has provided Wireline Intervention and Cased Hole Logging […]

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Statoil awards Archer a two-year contract extension to provide drilling services for Statfjord and additionally exercises options to award these services for Njord, Sleipner, Snorre, and Visund.

Stavanger, Norway (March 31, 2016)   Archer Limited announces a two-year extension of its contract for platform drilling services, as Statoil exercises the first option following the original four-year contract, with two additional two-year extension options remaining.  Archer is currently the incumbent contractor for the Statfjord A, B and C platforms and was additionally awarded […]

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Archer Limited : Annual Report 2015

Hamilton, Bermuda (March 30, 2016)   Attached is the Annual Report for 2015 for Archer Limited. The report will alsobe available on Archer’s website; www.archerwell.com.   This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Attachments Archer Limited Annual Report 2015

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Archer Limited : Share capital increase – vesting of restricted stock units

Hamilton, Bermuda (March 4, 2016) In connection with Archer’s long term incentive program, 249,250 restricted stock units (“RSUs”) have vested and the same amount of common shares have been distributed to Archer employees. In connection with the vesting of RSUs, Archer Limited has issued 249,250 common shares. The authorized share capital of Archer Limited is USD […]

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Archer Limited : Fourth Quarter and Preliminary 2015 Results

Hamilton, Bermuda (February 29, 2016) Fourth Quarter 2015 highlights Fourth quarter revenue from continuing operations was $282.5 million Fourth quarter EBITDA from continuing operations of $11.7 million including $9.1 million of restructuring costs Fourth quarter impairment charge from continuing operations of $50.2 million  Fourth quarter impairment charge from discontinuing operations of $127.3 million  Net loss for […]

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Archer Limited : Announcement of fourth quarter 2015 results and preliminary results for 2015 earnings release date and conference call information

Hamilton, Bermuda (February 5, 2016) Archer Limited’s fourth quarter 2015 results and preliminary results for 2015 are scheduled to be released on February 29, 2016 before the start of trading on Oslo Stock Exchange. In connection with the earnings release, a conference call will be held at 7:00 Houston time, 13:00 London time, 14:00 Oslo […]

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