Archer Limited : Closing of the combination of its North American Well Services entities with Quintana Energy Services

Hamilton, Bermuda (December 31, 2015)   With reference to the news release on November 23, 2015, Archer Limited is pleased to announce that the combination of its North American Pressure Pumping, Directional Drilling, Pressure Control and Wireline divisions with Quintana Energy Services LP has been completed.    Following the closing of this transaction, Archer will […]

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Archer Limited : Announces Amendments to Its Credit Facilities

Hamilton, Bermuda (December 23, 2015) Archer Limited (the “Archer”) is pleased to announce that it has signed a fifth amendment and re-statement of its multicurrency revolving facility agreement (the “MRCFA”) which will provide Archer sufficient financial flexibility. The amendments to the multicurrency revolving credit facility include, among others, the following terms: A replacement of the […]

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Archer Limited combines its North American Well Services entities with Quintana Energy Services in a stock transaction to create a leading Oilfield services provider in the North-American land market

Hamilton, Bermuda (November 23, 2015) On November 20, 2015, Archer Limited’s subsidiary, Archer Well Company Inc. has entered into a contribution agreement with Quintana Energy Services LP (“QES”) to contribute its Pressure Pumping, Directional Drilling, Pressure Control and Wireline divisions (“Well Services Entities”) on a cash free debt free basis. The Well Services Entities have […]

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Archer Limited : Third Quarter 2015 Results

Hamilton, Bermuda (October 30, 2015) Third Quarter 2015 highlights Third quarter revenue from continuing operations was $376.2 million Third quarter EBITDA was $20.1 million including $2.5 million of restructuring costs Net loss for the quarter of $52.6 million Third quarter cash flow used by operations was $9.0 million Net interest-bearing debt of $794.6 million as of September 30, […]

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Archer Limited : Announcement of third quarter 2015 earnings release date and conference call information

Hamilton, Bermuda (October 22, 2015) Archer Limited’s third quarter 2015 results are scheduled to be released on Friday, October 30, 2015 before the start of trading on Oslo Stock Exchange. In connection with the earnings release, a conference call will be held at 8:00 Houston time, 13:00 London time, 14:00 Oslo time on Friday October […]

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Archer Limited : Talisman Sinopec awards Archer contract for platform drilling services

Hamilton, Bermuda (October 14, 2015) Archer (UK) Limited announced today the award of a three-year contract with two times two-year extension options, for the provision of platform drilling services for Talisman Sinopec Energy UK Limited (Talisman Sinopec). The contract, which is scheduled to commence on 1st November 2015, will see Archer provide onshore rig operations, […]

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Archer Limited : New ISIN for Archer Limited from October 9, 2015

Hamilton, Bermuda (October 8, 2015) In connection with the recent share consolidation, Archer Limited has been assigned a new International Securities Identification Number (“ISIN”). The new ISIN for Archer Limited is BMG0451H1170. Archer Limited will be traded with the new ISIN from Friday October 9, 2015.   This information is subject of the disclosure requirements pursuant to section 5-12 […]

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Archer Limited : Final number of shares in issue following completion of the reverse split

September 30, 2015 (Hamilton, Bermuda)  Reference is made to the stock exchange announcement on September 21, 2015. The fractional shares resulting from the reverse split have now been cancelled. Following the reverse split and cancellation of fractional shares, the total number of shares in issue for Archer Limited are 57,915,716 shares of par value US$0.01 […]

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Archer Limited : Minutes from the 2015 Annual General Meeting

Hamilton, Bermuda (September 21, 2015) Archer Limited (the “Company“) advises that the 2015 Annual General Meeting of the Shareholders of the Company was held on September 18, 2015 at 10:00 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda.  The audited consolidated financial statements for Archer Limited for the year ended […]

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