ARCHER – Share capital increase – exercise of options

Hamilton, Bermuda (July 28, 2011) In connection with Archers option program, 25,000 options have been exercised at a strike price of NOK 18.00 per share. After these transactions, the total number of options outstanding in Archer Limited is 12,430,572. In connection with the exercised options, Archer Limited has issued 25,000 common shares. The authorized share capital of […]

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ARCHER – secures the first contract for the Archer Emerald Modular Rig with Shell Todd Oil Services in New Zealand

Hamilton, Bermuda (July 27, 2011) Archer has entered into an agreement with Shell Todd Oil Services (“STOS”) for the provision of the drilling modular rig and services for the modular rig Archer Emerald (“the Emerald”).    Mobilization will take place in the first half of 2012. The modular rig will operate in New Zealand on the […]

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

Hamilton, Bermuda (June 20, 2011) Archer Limited announces that its wholly-owned subsidiary, Allis-Chalmers Energy Inc., has notified holders of its 9.0% Senior Notes, due 2014, (the “Notes”), that $125 million in aggregate principal amount of the $222.6 million outstanding Notes will be redeemed on July 18, 2011.   Pursuant to the terms of the Indenture, (i) […]

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ARCHER – Share capital increase – exercise of options

Hamilton, Bermuda (June 9, 2011) In connection with Archer’s option program, 66,499 options have been exercised at an average strike price of NOK 17.71 per share. After this transaction, the total number of options outstanding in Archer Limited is 12,397,239. In connection with the exercised options, Archer has issued 66,499 common shares. The authorized share […]

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New ISIN for Archer Limited from June 6, 2011

Hamilton, Bermuda (June 1, 2011) In connection with the recent name change of the Company, Archer Limited has been assigned a new International Securities Identification Number (“ISIN”). The new ISIN for Archer Limited is BMG0451H1097. Archer Limited will be traded with the new ISIN from Monday June 6, 2011. This information is subject of the disclosure requirements acc. to §5-12 […]

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Archer Limited First Quarter 2011 Results

Hamilton, Bermuda (May 26, 2011)  First Quarter Highlights First quarter revenue of $ 293.1 million; pro forma revenue of $ 420.0 million First quarter EBITDA of $ 31.0 million, Adjusted pro forma EBITDA at $ 61.2 million Net loss for the quarter of $ 12.0 million including $ 8.6 million of merger related costs and […]

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

Hamilton, Bermuda, May 23, 2011 Archer’s first quarter 2011 results are scheduled to be released on Thursday May 26, 2011 before the start of trading on the Oslo Stock Exchange. In connection with the earnings release, a conference call/webcast will be held at 3PM (CEST) on Thursday May 26, 2011 by Jorgen Peter Rasmussen, Chief […]

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Archer Limited Announces Closing of Tender Offers for Senior Notes

Hamilton, Bermuda (May 20, 2011).  Archer Limited (OSE: ARCHER)  today announced that its wholly-owned subsidiary, Allis-Chalmers Energy Inc. (“Allis-Chalmers”), pursuant to its previously announced Change in Control Purchase Offers, has accepted for purchase an aggregate of $1,866,000 in principal amount of its senior notes, comprised of $1,774,000 aggregate principal amount of its 9.0% Senior Notes […]

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SEAW – Seawell Limited changes name to Archer Limited

Hamilton Bermuda, (May 18, 2011) In the Special General Meeting held May 16, the name of  the Company was changed from Seawell Limited to Archer Limited.  The Company’s new ticker at Oslo Stock Exchange is ARCHER, effective May 20, 2011. The Company’s web address is: www.archerwell.com This information is subject of the disclosure requirements acc. […]

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