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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Mandatory notification of trade

On August 25, 2011, Jørgen P. Rasmussen, President, CEO and primary insider of Archer Limited, sold 10,000 shares at NOK 24.53 in Archer Limited. After this transaction, Jørgen P. Rasmussen holds directly and indirectly 223,000 shares and 1,725,000 stock options in Archer Limited. This information is subject of the disclosure requirements acc. to §5-12 vphl […]

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Mandatory notification of trade

On August 25, 2011, Jørgen P. Rasmussen, President, CEO and primary insider of Archer Limited, purchased 10,000 shares at NOK 25.75 in Archer Limited. After this transaction, Jørgen P. Rasmussen holds directly and indirectly 233,000 shares and 1,725,000 stock options in Archer Limited. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian […]

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Archer Limited (ARCHER) Second Quarter 2011 Results

Second Quarter Highlights   ·         Second quarter revenue of $ 459.9 million·         Second quarter EBITDA of $ 68.8 million. Non GAAP operating EBITDA at $ 75.3 million, excluding $ 4.1 million of merger related costs and $ 2.3 million stock based compensation ·         Net income for the quarter of $ 1.3 million including $ 4.1 […]

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Archer completes acquisition of Great White Energy Services on revised terms of USD 630 million.

Hamilton, Bermuda (August 23, 2011)   Archer Limited (OSE: ARCHER), through a wholly owned subsidiary (Archer), has concluded satisfactory due diligence and obtained antitrust approval for its announced acquisition of the Great White Energy Services group of companies (Great White).   In light of recent development in the financial markets, Archer and Wexford Capital LP […]

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