Archer Limited (ARCHER) 🛢

Buffet · mars 3, 2022, 7:29pm

Noen som følger Archer? Skulle tro kursen var billig nå

Andyboi · mars 3, 2022, 8:15pm

De har jo litt gjeld da, er det noe snakk om at gjelda må restruktureres?

Hvis ikke så skal det teknisk være god støtte på både 3 kr, men spørs om den ryker om olja korrigerer ytterligere ned…

Buffet · mars 3, 2022, 8:23pm

Noen mener nok at restrukturering må til ja. Men hvordan slår egentlig dagens høye oljepris ut for Archer sin del?

Jeg satt i Archer når oljeprisen steg i 2016. Det var en fin tur.
Den ser ikke ut til å ha fått noe oppsving i kursen på tross av veldig høy oljepris som vi har nå.

Så fristende å hoppe inn nå kjenner jeg.

Andyboi · mars 3, 2022, 8:23pm

God stemning på Arch-tråden på HO i hvert fall

Andyboi · mars 3, 2022, 9:21pm

Nedgradering av ABG:

"Meglerhuset skriver at Archer vokser inntektene og leverer en konsistent positiv fri kontantstrøm, men sliter samtidig med en stor gjeldsgrad og en bankfasilitet som forfaller i oktober 2023.

«Dette betyr at Archer sannsynligvis vil starte å adressere dette i slutten av 2022. Vi modellerer at belåningen vil være marginalt under avtalen med banker, med en begrenset margin for feil. Vi mener den lave veksten, høy gjeldsgrad og begrenset med eksponering mot energiovergangen gjør aksjen ikke-investerbar for mange investorer og gjentar en hold-anbefaling», heter det."

Og så denne:

Buffet · mars 3, 2022, 9:24pm

Har sett disse, men det er rart med det hvordan markedet fungerer. Det er mange ganger etter slike artikler at kursene går bra. Så korrigerer de når kjøpsanbefalingene kommer.

Men ja høy gjeld =stor risk.

Buffet · mars 7, 2022, 9:51am

Ser ut som fredag var en ok dag å ta en liten posisjon her

Buffet · mars 7, 2022, 11:24am

Fantastisk dag. Du fikk ikke handlet noe?

Andyboi · mars 7, 2022, 12:03pm

Nei, desverre Benyttet panikksalget til å ta en inngang i CONTX på lave 7-tallet, men da fortsetter den vel å sige nedover

TekBot · mars 31, 2022, 9:16am

Archer Limited: Annual report and ESG report for 2021

Hamilton, Bermuda (March 31, 2022)

Archer has today published its annual report and its Environmental, Social and
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Governance (“ESG”) report for 2021.

The financial numbers in the annual report 2021 are identical to the preliminary
full year 2021 results incorporated in the fourth quarter 2021 earnings release
published on February 25, 2022.

The 2021 ESG report has been prepared in accordance with the framework
established by the Sustainability Accounting Standards Board (SASB) for Oil and
Gas Services.

Archer has this year published its roadmap to Net-Zero by 2050. Archer is
committed to contribute to the ongoing energy transition. As part of the
roadmap to Net-Zero, Archer plan to be carbon neutral, for scope 1 & 2, in all
countries with the exception of Argentina and Bolivia, in 2022.

The reports will also be available on Archer’s website: www.archerwell.com

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde

TekBot · mai 2, 2022, 8:01am

Archer Limited: Invitation to First Quarter 2022 Earnings Release Call

Hamilton, Bermuda (May 2, 2022)

Archer Limited’s first quarter 2022 results are scheduled to be released on May
…

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6, 2022, before the start of trading on Oslo Stock Exchange. In connection with
the earnings release, a presentation will be held at 9:00 am CEST on May 6,
2022.

To follow the presentation, the following options are available:

A. Webcast

To register for the webcast please go to
https://streams.eventcdn.net/archer/2022q1/ (https://eur05.safelinks.protection.o
utlook.com/?url=https%3A%2F%2Fwww.google.com%2Furl%3Fq%3Dhttps%3A%2F%2Fstre
ams.eventcdn.net%252Farcher%252F2022q1%252F%26sa%3DD%26ust%3D1651649372141000%26u
sg%3DAOvVaw1JSybTZHm8KJvpV
-Cf_3ow&data=05%7C01%7Cjoachim.houeland%40archerwell.com%7C3b1115c7af93410044b008
da29b20113%7C7e09344361d34f25b10bb8e038ac2798%7C0%7C0%7C637868142192950970%7CUnkn
own%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0
%3D%7C0%7C%7C%7C&sdata=bp51f%2Bq%2FKgg2RlkyH8i12Zq2Zgni2Pr0SOuAu6yNlP4%3D&reserve
d=0)

B. Conference call

To access the call, which is open to the public, please dial in at the
participant telephone numbers listed below. Please call in 10 minutes prior to
the scheduled start time, and ask for the “Archer First Quarter 2022 Earnings
Release Call”

Participants dial-in:

Norway: +47 23500236
United Kingdom: +44 3333009032
United States : +1 6319131422 / United States PIN: 63295742#

The operator will ask for your name and company. Following the presentation
there will be a Q&A session. Information on how to ask questions will be given
at the beginning of the Q&A session.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde

TekBot · mai 6, 2022, 5:31am

Archer Limited: Well Services secures extension of frame agreement with Equinor in the North Sea

Sandnes, Norway (May 6, 2022)

Archer Oiltools has been awarded a 2-year contract extension from Equinor Energy
…

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AS in the North Sea. The contract covers plug and abandonment, fishing and
downhole mechanical isolation equipment. Based on current activity levels, the
additional backlog is estimated at $60 million for the 24 months period which
will commence in June this year.

Hugo Idsøe, Vice President, Archer Oiltools, comments.

“This is a strategically important extension for Oiltools in one of our core
markets, which further strengthens our footprint and presence in the region. Our
technology and strong record of execution in the North Sea makes us a supplier
of choice for Equinor. We continue to support Equinor’s requirements for safe
and efficient operations while providing proprietary low carbon solutions and
operational efficiencies to further their energy transition goals.”

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde

TekBot · mai 6, 2022, 5:41am

Archer Limited: First quarter 2022 results

Hamilton, Bermuda (May 6, 2022)

First Quarter 2022 Highlights
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· Revenue of $219 million
· EBITDA before exceptional items of $21.1 million
· Exceptional items of $4.9 million mainly related to Covid-19
· Net profit of $13.9 million
· Acquired Ziebel, a technology company focused on fiberoptic measurements
· Secured $840 million backlog

Subsequent events

· Awarded a contract extension for Well Services with an additional backlog of
$60 million

Dag Skindlo, CEO of Archer, comments:

"So far this year we have secured substantial backlog through contract
extensions by Equinor for our well services and platform drilling division and
by Pan American Energy for our land drilling division. This is achieved on the
back of our dedication to safe, efficient, and cost-effective operations as well
as the commitment to our own and our customers’ ESG roadmaps. The additional
backlog gives us good visibility on revenue and activity in the next 2 to 3
years.

As guided in our Q4 trading update, the activity in the first quarter is lower
than the previous quarter due to fewer operational days and general industry
seasonality. Adjusting for reimbursable revenue, the quarterly decrease in
revenue was 7% but in line with Q1 2021. Our guidance for 2022 is reduced
following the substantial covid-19 related impact in the quarter, while the
outlook for the rest of the year remains in line with the guidance provided in
our Q4 trading update. We expect slight improvement in Q2 and a strong second
half.

2022 is turning out to be a transition year for Archer, where our main clients
in the North Sea are drilling fewer wells due to maintenance of platforms, and
our clients in Argentina are holding back drilling activity pending the
agreement with IMF and construction of the recently approved gas pipeline from
Vaca Muerta to Buenos Aires. The Russian invasion of Ukraine has been a wake
-up call for energy security within our core markets. This, in combination with
under-investment in new oil and gas developments, puts pressure on oil and gas
prices which incentivize investments going forward. Looking beyond 2022, we
remain optimistic on the market fundamentals for Archer’s activity and
operations.

Finally, we are pleased to report a profit of $13.9 million in the quarter,
equivalent to an EPS of 9 cents."

For additional information please contact:

Espen Joranger | Chief Financial Officer | Mobile: +47 982 06 812 | Email:
espen.joranger@archerwell.com

Joachim Houeland | Manager Treasury & Investor Relations | Mobile: +47 482 78
748 | Email: joachim.houeland@archerwell.com

Q1 Presentation

In connection with the earnings release, a presentation will be held at 9:00 am
CEST on May 6, 2022.

To follow the presentation, the following options are available:

A. Webcast

To register for the webcast please go to
https://streams.eventcdn.net/archer/2022q1/ (https://eur05.safelinks.protection.o
utlook.com/?url=https%3A%2F%2Fwww.google.com%2Furl%3Fq%3Dhttps%3A%2F%2Fstre
ams.eventcdn.net%252Farcher%252F2022q1%252F%26sa%3DD%26ust%3D1651649372141000%26u
sg%3DAOvVaw1JSybTZHm8KJvpV
-Cf_3ow&data=05%7C01%7Cjoachim.houeland%40archerwell.com%7C3b1115c7af93410044b008
da29b20113%7C7e09344361d34f25b10bb8e038ac2798%7C0%7C0%7C637868142192950970%7CUnkn
own%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0
%3D%7C0%7C%7C%7C&sdata=bp51f%2Bq%2FKgg2RlkyH8i12Zq2Zgni2Pr0SOuAu6yNlP4%3D&reserve
d=0)

B. Conference call

To access the call, which is open to the public, please dial in at the
participant telephone numbers listed below. Please call in 10 minutes prior to
the scheduled start time, and ask for the “Archer First Quarter 2022 Earnings
Release Call”

Participants dial-in:

Norway: +47 23500236
United Kingdom: +44 3333009032
United States: +1 6319131422 / United States PIN: 63295742#

The operator will ask for your name and company. Following the presentation
there will be a Q&A session. Information on how to ask questions will be given
at the beginning of the Q&A session.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde

TekBot · mai 16, 2022, 4:01pm

Archer Limited: Kjell-Erik Østdahl resigns as Chairman and member of the Board

TekBot · mai 25, 2022, 3:51pm

Financial calendar

TekBot · juni 2, 2022, 8:31am

Archer Limited: 2022 Annual General Meeting

TekBot · juni 9, 2022, 9:12am

Archer Limited: Notice of Annual General Meeting 2022

TekBot · juni 24, 2022, 7:56pm

Archer Limited: Minutes from the 2022 Annual General Meeting

Hamilton, Bermuda (June 24, 2022)

Archer Limited (the “Company”) advises that the 2022 Annual General Meeting of
…

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the Shareholders of the Company was held on June 24, 2022 at 9:30a.m. at Par-la
-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton Bermuda. The audited
consolidated financial statements for the Company for the year ended December
31, 2021 were presented to the Meeting.

In addition, the following resolutions were passed:

To set the maximum number of Directors to be not more than eight.

2.To resolve that vacancies in the number of Directors be designated as casual
vacancies and that the Board of Directors be authorised to fill such vacancies
as and when it deems fit.

3.To re-elect Giovanni Dell’Orto as a Director of the Company.

4.To re-elect Peter Sharpe as a Director of the Company.

5.To re-elect James O’Shaughnessy as a Director of the Company.

6.To re-elect Jan Erik Klepsland as a Director of the Company.

7.To appoint PricewaterhouseCoopers AS, as auditor and to authorize the
Directors to determine their remuneration.

8.To approve the remuneration of the Company’s Board of Directors of a total
amount of fees not to exceed US$500,000 for the year ended December 31, 2022.

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act

Kilde

TekBot · august 8, 2022, 5:31am

Archer Limited: Archer investing in renewable energy

Hamilton, Bermuda (August 8, 2022)

As part of its long-term energy transition strategy, Archer Limited (“Archer”)
…

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has signed an agreement to acquire 50% of the shares in renewable energy service
company Iceland Drilling Company Ltd. (“Iceland Drilling”) for a total
consideration of USD 8.25 million. Kaldbakur ehf. will remain a large
shareholder and will own the other 50%.

Iceland Drilling is an international deep geothermal drilling and integrated
well service company, with seven decades of experience and competence in both
high and low temperature geothermal environments. Headquartered in Iceland, the
company employs 90 people and has an annual revenue of approximately USD 40
million. Iceland Drilling has drilled more than 500 deep geothermal wells since
1970 and owns a modern fleet of hydraulic drilling rigs automated for safe and
efficient operations. The company has a track-record from challenging remote and
isolated locations, and is currently managing drilling operations in Iceland,
the Azores, and New Zealand as well as seven smaller rigs for district heating
projects in Iceland.

Dag Skindlo, CEO of Archer:

“We are delighted to announce our investment in Iceland Drilling. Geothermal
energy is a renewable energy source that offers a stable base load and has
direct overlap and synergies with Archer’s core services. Iceland Drilling has a
long track record with international operations and is a reputable brand in
geothermal drilling and well services. The geothermal power market is part of
the future energy mix and is, according to IEA and industry experts, set to grow
meaningfully over the next decades with the annual geothermal deep well count
estimated to increase from 200 to 700 wells by 2030. Furthermore, we believe the
increased focus on district heating in Europe will drive increased growth and
technological advances in this segment. Drilling and well services is what
Archer does, and we believe we can utilize available rigs from our fleet and
leverage our global footprint when growing the geothermal business. We look
forward to continuing the development and expansion of Iceland Drilling together
with management and an experienced industrial partner, Kaldbakur. This marks an
important milestone towards our target to achieve net zero by 2050 with 35%
revenues to come from energy transition activities by 2040. Archer will continue
to consider investment opportunities and initiatives that will transform our
portfolio and reduce greenhouse gas emissions.”

Sigurður Sigurðsson , CEO of Iceland Drilling:

“We are pleased that Archer, with its global presence and proven track record,
will join our efforts to further grow and develop Iceland Drilling. Together
with methodological and technological advances in the industry, we can play a
part in the much needed decarbonization of the world. It is a great vote of
confidence for Iceland Drilling to have Archer as an investor in the company.
Archer’s expertise and experience will undoubtedly strengthen Iceland Drilling.”

Eiríkur S. Jóhannsson, CEO of Kaldbakur:

“Kaldbakur will remain a key investor in Iceland Drilling, with 50% of the
shares, and has great faith in the company’s growth. We are confident those
ambitions will materialize with a trusted partner like Archer.”

Archer`s management will provide further information about the rationale for the
acquisition in the scheduled quarterly release call August 12, 2022.

The closing of the transaction is expected to be finalized during third quarter
2022 subject to the approval by the Icelandic competition authorities.

Read more about Iceland Drilling on the company’s website: home - Iceland
Drilling (jardboranir.is) (https://www.jardboranir.is/)

For additional information, please contact:

Dag Skindlo; Chief Executive officer, Mobil: +4798226624,
Email: Dag.skindlo@archerwell.com

Espen Joranger, Chief Financial Officer, Mobile: +47 982 06 812, Email:
espen.joranger@archerwell.com

Joachim Houeland, Manager Treasury and Investor Relations, Mobile: +47 482 78
748, Email: joachim.houeland@archerwell.com

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · august 8, 2022, 2:17pm

Archer Limited: Invitation to Second Quarter 2022 Earnings Release Call

Hamilton, Bermuda (August 8, 2022)

Archer Limited’s second quarter 2022 results are scheduled to be released on
…

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August 12, 2022, before the start of trading on Oslo Stock Exchange. In
connection with the earnings release, a presentation will be held at 9:00 am
CEST on August 12, 2022.

To follow the presentation, the following options are available:

A. Webcast

To register for the webcast please go to
https://streams.eventcdn.net/archer/2022q2/

B. Conference call

To access the call, which is open to the public, please dial in at the
participant telephone numbers listed below. Please call in 10 minutes prior to
the scheduled start time, and ask for the “Archer Second Quarter 2022 Earnings
Release Call”

Participants dial-in:

Norway: 815 03 308

United Kingdom: 020 3936 2999

United States: 1 646 664 1960

Participant Access code: 146103

The operator will ask for your name and company. Following the presentation
there will be a Q&A session. Information on how to ask questions will be given
at the beginning of the Q&A session.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde