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, 2015
• Completed restructuring of share capital

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 30, 2015.

For information on how to attend the webcast, detailed information is found on our webpage; http://archerwell.com/investor-relations/webcast/

Questions should be directed to:
David King, Chief Executive Officer
Christoph Bausch, Chief Financial Officer