Archer Limited (ARCHER) 🛢

TekBot · mars 6, 2019, 9:20am

06/03-2019 10:19:13: (ARCHER) Archer Limited : Settlement of restricted stock units

Hamilton, Bermuda (March 6, 2019)

In connection with Archer’s long term incentive program 98,000 restricted stock units (“RSUs”) have vested and the same amount of common shares have been distributed to Archer employees. The Company has used treasury shares for settlement.
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The following primary insiders were amongst the recipients of shares:

Mr. John Lechner, CEO, received 7,500 shares. After this transaction, Mr. Lechner holds 130,000 shares, 690,000 stock options and 130,000 RSUs in Archer Limited

Mr. Adam Todd, General Counsel, received 6,250 shares. After this transaction, Mr. Todd holds 29,500 shares and 68,500 RSUs in Archer Limited.

After these transactions, the total number of options and RSUs outstanding in Archer Limited is 1,469,433 and 2,153,900 respectively. The Company has a holding of 17,875 treasury shares.

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

http://www.netfonds.no/quotes/release.php?id=20190306.Cision.20190306:BIT:5407:0

TekBot · mars 22, 2019, 7:46am

22/03-2019 08:45:00: (ARCHER) Archer Limited: CEO John Lechner resigns

Hamilton, Bermuda (March 22, 2019)

Archer Limited announces that CEO John Lechner has resigned from his position, effective immediately. He will remain as a senior advisor to the Archer leadership team during the transition period until a new CEO is appointed. During the interim period, Archer Chairman Kjell-Erik Østdahl will assume the role of Executive Chairman. Archer’s strategy remains intact and the process of finding a new CEO has begun.
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Kjell-Erik Østdahl comments: “On behalf of the Board of Directors, I would like to thank John for his leadership through a challenging period for the global oilfield service industry. I appreciate John’s contribution to Archer and wish him all the best in the future.”

For additional information, please contact:

Kjell-Erik Østdahl - Chairman of Archer Limited

Tel: (+47) 928 72 213

Email: koestdahl@orkankonsult.no

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

http://www.netfonds.no/quotes/release.php?id=20190322.Cision.20190321:BIT:6657:0

studenten86 · mars 29, 2019, 10:48am

Sliter med å forstå prisingen her om dagen opp mot resultater. Er den attraktiv eller best å holde fingrene unna?

Forsøker å besvare megselv, her et teknisk innblikk:

Foreløpig bunn er 4.10 27.des-2018. Ser ut som om vi har vært i en akkumuleringsfase siden? Som hadde sin foreløpige høydepunkt dagen før kvartalsfremlegging 26. feb på 6.13 i sluttkurs. Så vidt jeg kan forstå er det brukbare resultater som kom, kanskje mer var ventet? Tenker det var en naturlig trade-plass for de som så etter trade etter det voldsomme børsfallet i desember. For en uke siden gikk CEO av, og kursen har tapt seg 10%. Det har vært ulming å spore til ledelsen, uten at jeg har innsyn i det, kan ikke selskapet. Forøvrig er det et selskap som er høyrisiko i forhold til makro dersom ting skulle gå dårlig pga lånet sitt. Et lån de har halvert fra 2016 til 2019.
pris/bok ratio på 0,5 har jeg hørt, vet ikke om det stemmer. Yahoo finanse sier most recent quarter P/B ratio var på over 4.

Føler fremdeles ikke jeg er klok på Archer. ^^ Bladd igjennom kvartalspresentasjoner også, uten at jeg ble så vis av den grunn.

TekBot · april 8, 2019, 7:09am

08/04-2019 09:07:53: (ARCHER) Financial calendar

TekBot · april 12, 2019, 2:16pm

12/04-2019 16:15:35: (ARCHER) Archer Limited: Annual report 2018

TekBot · april 23, 2019, 12:01pm

23/04-2019 14:00:30: (ARCHER) Archer Limited: Chevron awards Archer new Platform Drilling and Maintenance Services contract for the Alba Northern and Captain platforms in the UK

Hamilton, Bermuda (23 April, 2019)

Archer Limited (“Archer” or the “Company”) announces that Archer (UK) Limited is awarded a new five-year firm contract with two times one year options for the provision of platform drilling services for Chevron North Sea Limited. As part of the contract, Archer will continue to provide onshore rig operations, maintenance and QHSE management, as well as offshore operations and maintenance supervision on the Alba Northern and Captain platforms in the UK sector of the North Sea. The new contract is scheduled to commence 1 May 2019 and ensures continuity of platform drilling operations and maintenance management services on the Alba Northern and Captain platforms until at least 2024.
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Kenny Dey, Vice President Platform Drilling and Managing Director Archer (UK) Limited commented:

“We have provided platform drilling operations and maintenance management services for Chevron in the UK since 2004. Our strong partnership with Chevron, coupled with hard work and commitment from all our personnel has resulted in this contract award which will extend our collaboration for a minimum of another five years. We look forward to continuing our working relationship with Chevron through the duration of the new contract and in delivering safe and efficient drilling and maintenance services to our valued client to ensure they are successful in all activities and planned drilling programmes.”

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

http://www.netfonds.no/quotes/release.php?id=20190423.Cision.20190423:BIT:2344:0

TekBot · juni 6, 2019, 2:56pm

06/06-2019 16:55:08: (ARCHER) ARCHER: SHAREHOLDING DISCLOSURE

Buffet · juni 6, 2019, 6:26pm

Kjøps-signal dette! Billig på pris/bok også.

hansi · juni 6, 2019, 6:44pm

Et trekk for å få opp kursen før SDRL selger sine aksjer i Archer, som de vel har signalisert at de vil gjøre?

Buffet · juni 6, 2019, 6:55pm

Ikke umulig. Men archer går med overskudd nå og handles på 0,47 av bokførte verdier. Ganske artig prising.

De har vel aldri spessifisert salg av archer aksjer? De har eiendeler i en hel haug av selskaper og de har vel egentlig bare presisert 2 stk de ikke vil selge. Archer var ikke en av disse så er jo mulig såklart.

hansi · juni 6, 2019, 7:08pm

var vel snakk om ‘none core values’, men Archer ble trukket frem i en artikkel i FA. Spennende uansett å se hva det vil gjøre med kursen, ikke meg i mot om den spretter opp litt

Buffet · juni 6, 2019, 7:18pm

Stemmer. Så kan godt være det blir archer om de ikke har noen eiendeler som er priset høyere på multipler. Det er jo oppegående folk så om de mener det er smart å selge archer på disse nivåene gjenstår og se.

Archer er vel billig uansett hvordan man ser på det. Pris/bok, teknisk analyse, historisk kursutvikling. De har jo også tilknytting til amerikansk skiferolje. Så de blir neppe arbeidsledige.

Men det er jo klart at dersom oljeprisen går til helvette igjen så vil de jo rakne.

TekBot · juni 7, 2019, 7:26am

07/06-2019 09:25:21: (ARCHER) Flagging

TekBot · juli 8, 2019, 9:40am

Archer awarded contract for the modular drilling rig Archer Emerald

Hamilton, Bermuda - (July 8, 2019)

Archer announces the award of a contract with OMV Taranaki Limited for the
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provision of drilling services using the modular drilling rig (“MDR”) Archer
Emerald, including associated services, materials, equipment and personnel. The
contract is for a firm five well contract with two one well options on OMV’s
Maui A platform located in the Tasman Sea in New Zealand. The firm contract
commitment is estimated at 11 months, with a further 5 months for the optional
wells. Following a period of rig reactivation and pre-operation acceptance
testing, the MDR will be mobilised from Norway to New Zealand with drilling
expected to commence 1st March 2020.

“We are delighted to have been awarded this contract which reinforces our
position as the leading provider of harsh environment offshore modular drilling
rigs with our commitment to provide safe and efficient drilling solutions,” said
Kenny Dey, Archer’s Vice President for Platform Drilling. “This award
demonstrates the confidence our client has in our modular rig technology and
personnel following Emerald’s first successful drilling campaign on Maui A
between 2012 and 2014.We look forward to working closely with OMV. Our personnel
are committed to deliver safe, efficient and successful wells.”

For additional information please contact:

Dag Skindlo, Chief Financial Officer

Mobile: +47 982 26 624

dag.skindlo@archerwell.com

Joachim Houeland, Corporate Treasurer

Mobile: +47 482 78 748

joachim.houeland@archerwell.com

ABOUT

Archer is a global oilfield service company with more than 40 years’ experience,
over 5,000 employees, and operations in more than 40 locations in 19 countries.
From drilling services, production optimization, well integrity and
intervention, to decommissioning, Archer is focused on safely delivering the
highest quality services and products to the drilling and well service markets.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

Kilde

TekBot · juli 29, 2019, 7:00am

Archer Limited: Announcement of second quarter 2019 earnings release date and conference call information

Hamilton, Bermuda (July 29, 2019)

Archer Limited’s second quarter 2019 earnings are scheduled to be released on
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August 8, 2019 before the start of trading on Oslo Stock Exchange. In connection
with the earnings release, a conference call will be held at 8:00am London time,
9:00am Oslo time on August 8, 2019.

To listen to the conference call, the following options are available:

A. Webcast

To register for the webcast please go to https://archer.eventcdn.net/201908H1

B. Conference call

To access the call, which is open to the public, please contact the conference
call operator 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 2019 Earnings release.”

Participant Telephone Numbers:

Norway: +47 2350 0265
UK: +44 (0)203 194 0544
USA: +1 855-269-2604

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 · august 8, 2019, 5:00am

Archer Limited: Second Quarter 2019 Earnings Release

Hamilton, Bermuda (August 8, 2019)

Second quarter highlights 2019
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· Revenue of $235.6 million
· EBITDA of $23.5 million, or 10% of revenue
· EBIT of $11.3 million or 5% of revenue versus a loss in same period last
year
· Net Income of $3.5 million
· Net Interest Bearing Debt further reduced to $580 million

Kjell-Erik Østdahl, Executive Chairman of Archer comments:

"The second quarter of 2019 showcases the improvement done in Archer during the
last few years. This is the fourth consecutive quarter with EBITDA margin above
10%. The increase in margins is partly due to higher activity levels, but also
stricter cost control and more effective operations.

We are proud of the recently announced contract for the modular rig Archer
Emerald with expected start-up of operations in 2020. Getting our modular rigs
working again will provide meaningful contribution both on revenue and margin to
Archer in the years to come. Further, we also renewed our contract with Chevron
in the UK on the Alba Northern and Captain platforms in April, securing
additional backlog for our Platform Drilling Division in a quarter where a
couple of platforms became inactive.

Archer expects stable strong operating and financial performance for the
remainder of 2019, with the second half of 2019 to largely mirror the first
half, despite slightly lower activity levels in Platform Drilling and Land
Drilling."

Webcast and Conference call details

A conference call will be held at 08:00 London time, 09:00 Oslo time on August
8, 2019. To listen to the conference call, the following options are available:

A. Webcast

To register for the webcast please go to https://archer.eventcdn.net/201908H1

B. Conference call

To access the call, which is open to the public, please contact the conference
call operator 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 2019 Earnings release.”

Participant Telephone Numbers:

Norway: +47 2350 0265
UK: +44 (0)203 194 0544
USA: +1 855-269-2604

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 · august 15, 2019, 9:07am

Archer Limited: Notice of Annual General Meeting 2019

TekBot · september 2, 2019, 6:52am

Financial calendar

TekBot · september 11, 2019, 6:00am

Archer Limited : Archer presents at Pareto Securities’ 26th Oil and Offshore Conference

Hamilton, Bermuda (September 11, 2019)

Archer CFO Dag Skindlo will present at the Pareto Securities’ Oil & Offshore
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Conference on 11 September 2019 in Oslo, Norway. A copy of the presentation is
attached and is also available for download from the Archer website under
Investor Relations.

About Archer

Archer is a global oil services company with a heritage in drilling and well
services that stretch back over 40 years. Employing more than 5000 people at 40
locations in 17 countries, from drilling services, well integrity &
intervention, plug & abandonment to decommissioning, Archer is focused on safely
delivering the highest quality services and products to the drilling and well
service markets. Visit our company website at www.archerwell.com

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

Kilde

TekBot · september 13, 2019, 4:01pm

Archer Limited: Minutes from the 2019 Annual General Meeting

Hamilton, Bermuda (September 13, 2019)

Archer Limited (the “Company”) advises that the 2019 Annual General Meeting of
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the Shareholders of the Company was held on September 13, 2019 at 11:00 a.m. at
the Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HM CX,
Bermuda. The audited consolidated financial statements for the Company for the
year ended December 31, 2018 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.

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.

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

To re-elect John Reynolds as a Director of the Company.

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

To re-elect Kjell-Erik Østdahl as a Director of the Company.

To re-elect Kristian Melhuus as a Director of the Company.

To re-appoint PricewaterhouseCoopers LLP, as auditor and to authorize the
Directors to determine their remuneration.

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, 2019.

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

Kilde