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

Hamilton, Bermuda (August 17, 2011)   Archer’s second quarter 2011 results are scheduled to be released on Wednesday August 24, 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 BST (4PM CEST) on Wednesday 24, 2011 by Jorgen Peter Rasmussen, […]

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Archer to acquire Great White Energy Services for USD 742 million on a cash and debt free basis

The acquisition gives Archer an entry point into the rapidly expanding frac market and effectively doubles its coil tubing and directional drilling capacity in the United States where development of unconventional oil and natural gas shale plays continue to drive E&P investments.  The combined company will be operational in all major oil and gas regions […]

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ARCHER -Allis-Chalmers, a material subsidiary of Archer, discloses a restatement of its 2010 financial statements

Hamilton, Bermuda (July 28, 2011)   Allis-Chalmers Energy Inc., a material subsidiary of Archer, announced yesterday a restatement of its financial statements for the year ended December 2010, to record a valuation allowance for its deferred tax assets. The company expects that this restatement will lead to a revision of its preliminary purchase accounting related […]

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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 ยง5-12 […]

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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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