Archer Limited (ARCHER) 🛢

[Zuba]

Hva er det som holder igjen Archer?

[Anderix]

Oslo børs er et relativt uinteressant marked for seriøse utenlandske investorer, fordi det er en jallabørs, med enormt saueflokkmentalitet. Archer og mange andre aksjer oppfattes som kjedelige hos denne flokken og derfor ligger de ofte i stabilt sideleie i en lang periode, helt til noen roper kjøp og noen bjellesauer begynner å kjøpe. Da kommer hele flokken etter, og plutselig har vi 20-40% i løpet at et par dager. Sånn er dette spillet blitt dessverre, men det er jo bare å følge spillereglene så kan man jo tjene penger på det spillet også😉

[Zuba]

Vi deler nok samme oppfatning av Oslo børs.

[Buffet]

Må skrive under på denne ja. Er bare å følge etter saueflokken ser det ut som. Ekstremt kjedelig børs for å si det pent ja, men spillet er likt for alle.

[TekBot]

Archer Limited : Share capital increase - vesting of restricted stock units

Hamilton, Bermuda (October 2, 2019)

In connection with Archer’s long term incentive program 588,286 restricted stock
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units (“RSUs”) have vested and the same amount of common shares have been
distributed to Archer employees.

In connection with the vesting of RSUs, Archer Limited has issued 588,286 common
shares. The authorized share capital of Archer Limited is USD 10,000,000 divided
into 1,000,000,000 common shares of par value USD 0.01 each. Fully paid and
outstanding share capital of Archer Limited following the share capital increase
is USD 1,480,502.98 consisting of 148,050,298 fully paid common shares of par
value of USD 0.01 each.

The following primary insiders were amongst the recipients of shares:

Mr. Kjell-Erik Østdahl, Executive Chairman, received 52,133 shares. After this
transaction, Mr. Østdahl holds 52,133 shares and 104,267 RSUs in Archer Limited.

Mr. Dag Skindlo, CFO, received 43,333 shares. After this transaction, Mr.
Skindlo holds 203,333 shares, 600 000 stock options and 86,667 RSUs in Archer
Limited.

Mr. Adam Todd, General Counsel, received 18,666 shares. After this transaction,
Mr. Todd holds 48,166 shares and 49,834 RSUs in Archer Limited.

Mr. Anders Engelsen, VP Business Development, received 18,666 shares. After this
transaction, Mr. Engelsen holds 18,666 shares and 37,334 RSUs in Archer Limited.

After these transactions, the total number of options and RSUs outstanding in
Archer Limited is 1,140,001 and 1,352,615 respectively.

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

Kilde

[TekBot]

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

Hamilton, Bermuda (October 24, 2019)

Archer Limited’s third quarter 2019 earnings are scheduled to be released on
…

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November 6, 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 November 6, 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/2019q3/

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 Third
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]

Archer Limited: Grant of Restricted Stock Units

Hamilton, Bermuda (October 29, 2019)

Archer Limited (“Archer” or the “Company”) announces that the Board of Directors
…

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has granted restricted stock units (RSUs) to members of its management team. A
total number of 2,910,750 RSUs were granted. The RSUs entitle the recipient to
receive one common share for each RSU awarded. The RSUs are non-transferable and
30% will vest October 1, 2020, 30% will vest October 1, 2021, 20% will vest
October 1, 2022 and 20% will vest October 1, 2023 provided the employee remains
employed at vesting. The total number of RSUs and options outstanding following
this grant is 4,284,698 and 1,140,001 respectively.

The following primary insiders were amongst the recipients of these RSUs:

Mr. Dag Skindlo, CFO, received 250,000 RSUs. After this transaction, Mr. Skindlo
holds 203,333 shares, 600 000 stock options and 336,667 RSUs in Archer Limited.

Mr. Adam Todd, General Counsel, received 100,000 RSUs. After this transaction,
Mr. Todd holds 48,166 shares and 149,834 RSUs in Archer Limited.

Mr. Anders Engelsen, VP Business Development, received 65,000 RSUs. After this
transaction, Mr. Engelsen holds 18,666 shares and 102,334 RSUs in Archer
Limited.

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

Kilde

[TekBot]

Archer awarded a USD 200 million land drilling contract in Argentina

(Hamilton, Bermuda) - November 1, 2019

Archer Limited (“Archer”) announces that YPF S.A. (“YPF”) has awarded DLS Archer
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Ltd. (“DLS”) a new five year drilling contract for three high specification
drilling rigs currently under contract with YPF in the Vaca Muerta region of
Argentina. As part of the contract, the three rigs will be upgraded to meet
technical specifications for the extended well design of YPF. The estimated
total contract value for three rigs over five years is approximately USD 200
million. Furthermore, the contract stipulates that two more rig upgrades could
be added to the contract at a later stage.

Greg Helmen, Vice President of Land Drilling, comments:

“DLS has been providing drilling services to YPF for more than three decades,
and we are proud to have been chosen to continue this strong partnership in
developing one of the most prolific shale plays in the world. There has recently
been a drive towards high specification rigs with capabilities to drill
horizontal phases of more than 3000 meters in Vaca Muerta. These rig upgrades
will secure Archer’s position as the leader in drilling services for
unconventional plays in Argentina, and we look forward to continuing to provide
safe and efficient operations to YPF for many more years to come.”

For additional information please contact:

Dag Skindlo, Chief Financial Officer

Mobile: +47 982 26 624, Email: [email protected]

Anders Engelsen, Vice President Corporate Business Development

Mobile: +47 932 07 901, Email: [email protected]

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

Kilde

[NoBrain]

Nyhetsartikler november 2019

Archer med storkontrakt i Argentina

Her er tredjekvartalstallene til Archer

John Fredriksens brønntjenesteselskap tar valutatap på over 200 mill.

Pareto Securities kapper kraftig i verdsettelsen av Archer: – En out of the...

Finansdirektør øker i Archer

[TekBot]

Archer Limited: Third Quarter 2019 Earnings Release and changes to the Board of Directors

Hamilton, Bermuda (November 6, 2019)

Third quarter highlights 2019
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· Revenue of $227.6 million
· EBITDA of $23.4 million, or 10% of revenue
· EBIT of $11.1 million or 5% of revenue
· Aker BP extends Archer Platform Drilling contract
· Archer awarded contract for the modular drilling rig Archer Topaz

Kjell-Erik Østdahl, Executive Chairman of Archer comments:

"Eastern Hemisphere continues to deliver strong stable performance. Well
Services recorded a record number of runs in the quarter, while Platform
Drilling delivered strong operating performance and margins. This trend is
expected to continue going into 2020.

Furthermore, both our Modular Rigs are now contracted for plug and abandonment
work in 2020, and we are currently busy preparing both rigs for operation next
year. The capital expenditures spent this year bringing them back into operation
will provide good returns once drilling operations commence. The pipeline for
further opportunities post 2020 is promising.

Argentina has lately experienced a challenging macroeconomic and political
climate. Oil companies have in response to the uncertainty reduced activity.
Archer is monitoring and adapting to the situation continuously. Despite the
recently announced $200 million contract award from YPF for three land rigs, we
expect to have 4 less active land rigs during the last quarter of the year."

Changes to Board composition

John Reynolds, a current board member of Archer and representative for Lime Rock
Partners, has decided to step down from the Board of Directors after eight year
tenure as a Director of Archer. Peter J. Sharpe has replaced Mr. Reynold as an
independent Director of Archer effective today.

Peter Sharpe retired from Shell in 2017 after holding a diverse range of
Executive Management positions in international locations over a period of 37
years. He served as Executive Vice President of Shell for over 10 years, with
responsibility for managing Shell upstream investments in well construction and
maintenance globally. He served as Chairman of Sirius Well Manufacturing
Services Pte Ltd, an independent Joint Venture between Shell and CNPC, from 2012
to 2017 and as a non-executive director of Xtreme Drilling and Coil Services
Corporation from 2008 to 2014. Peter Sharpe sits on the Board of Directors of
Seadrill Limited.

Webcast and Conference call details

A conference call will be held at 08:00 London time, 09:00 Oslo time on November
6, 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/2019q3/

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 Third
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]

Archer Limited : Mandatory Notification of Trade

Dag Skindlo, CFO of Archer Limited (ARCHER) has on 14 November 2019 bought
50,000 shares in ARCHER at an average price of NOK 3.26. Following the
transaction Dag Skindlo holds 253,333 shares, 600 000 stock options and 336,667
…

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RSUs in Archer Limited.

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

Kilde

[TekBot]

Archer Limited: Archer awarded a 4 year contract extension from Equinor for the Peregrino Field offshore

Hamilton, Bermuda (December 9, 2019)

Archer Limited announces that effective from the 1st December 2020, Equinor
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Brasil Oleo e Gas Ltda. have confirmed a new 4 year contract for the provision
of Platform Drilling Management Services on their Peregrino Field Development on
the Peregrino A and B platforms respectively. The new four year contract awarded
will be in direct continuation of Archer’s current contract, and will further
extend Archer’s continuous relationship with Equinor in Brazil to over 15 years
since Peregrino A drilling start-up of operations in 2009. The contract award
ensures Archer’s continued operations for Equinor in Brazil until November 30th,
2024.

“We are delighted to have been awarded this 4 year contract award. It is
positive news for Archer and is recognition of the hard work and commitment from
all our personnel who have consistently maintained a safe environment on the
Equinor Peregrino operations, whilst ensuring a high level of operational and
technical efficiency.” said Kenny Dey, VP Platform Drilling. “We look forward to
extending our working relationship with Equinor in the continued development of
the Peregrino field through the duration of the current contract term and
beyond”.

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

Kilde

[TekBot]

Archer receives LOI for multiyear operation of modular rig Archer Topaz

Hamilton, Bermuda (December 11, 2019)

Archer has entered into a Letter of Intent (LOI) with a North Sea operator for
…

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the provision of drilling services using the modular drilling rig Archer Topaz.
The LOI is for a firm contract period of 2 years and 3 months, with options for
an additional 7 months of work following the initial contract period. A final
contract award is subject to a successful front-end engineering design study for
deploying the Topaz on the client platform, as well as final client board
approval anticipated to be completed by end of February 2020. Expected start-up
date for operations is mid-2021.

In combination with the already announced contract for Topaz on Heimdal in 2020,
a successful award of this contract will secure the rig working until 2023/2024.

For additional information please contact:

Dag Skindlo, Chief Financial Officer

Mobile: +47 982 26 624, Email: [email protected]

Anders Engelsen, Vice President Corporate Business Development

Mobile: +47 932 07 901, Email: [email protected]

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

Kilde

[TekBot]

Financial calendar

Financial calendar for Archer Limited

FINANCIAL YEAR 2019
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16.04.2020 - Annual Report

27.02.2020 - Quarterly Report - Q4

FINANCIAL YEAR 2020

14.08.2020 - Half-yearly Report

08.05.2020 - Quarterly Report - Q1
06.11.2020 - Quarterly Report - Q3
25.02.2021 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

Archer Limited: Archer’s Board of Directors appoints Dag Skindlo as CEO and Espen Joranger as CFO of Archer

Hamilton, Bermuda (March 10, 2020)

Archer Limited is pleased to announce the appointment of Dag Skindlo as the
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Company’s new Chief Executive Officer. Dag Skindlo joined Archer as Chief
Financial Officer and EVP Strategy in May 2016.

Kjell-Erik Østdahl, Chairman of Archer, comments:

“I’m pleased that Dag will take on this challenge. We have had a thorough
recruitment process where the Board has been looking for the best candidate to
lead Archer going forward. Dag has a strong commercial track-record and has the
best qualifications for delivering on our corporate strategy. He has been
instrumental in delivering improvements in Archer since 2016 with an impressive
development in margins and leverage ratio.”

Dag Skindlo, CEO of Archer comments:

“I look forward to leading Archer’s highly competent global workforce with a
focus on delivering both customer and shareholder value. I firmly believe we
have the team and resources to sustain our profitable growth in the years to
come. Furthermore, I am delighted to announce that Espen Joranger has accepted
the role as CFO. Espen has deep knowledge of the company, our businesses and the
organization. This secures momentum and continuity from day one.”

Mr. Skindlo has worked 28 years in the oil and gas industry. He joined
Schlumberger in 1992 where he held various financial and operational positions
before he joined the Aker Group of companies in 2005, where he held global CFO
roles and Managing Director roles for several large industrial divisions. Before
joining Archer in 2016, Dag held the position as CEO for Aquamarine Subsea.

Mr. Joranger joined Archer in May 2013 as Finance Director North Sea Region and
currently holds the position as Group Controller. Before joining Archer, he
worked for Seadrill as Director of Financial Accounting and 8 years for Ernst &
Young. Espen has 10 years’ experience from the Oil and Gas industry.

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

Kilde

[TekBot]

Archer Limited: Archer has successfully amended and extended its debt facilities

Hamilton, Bermuda (March 13, 2020)

Archer has secured a consensual amendment and extension of its debt facilities
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with all the lenders to the company. The new financing agreements secure a
robust financial foundation:

· Main loan facility extended until 1[st] October 2023
· A fixed amortization schedule reinstated
· Interest margins unchanged
· No new equity or liquidity required
· Debt reduction of USD 45 million, equal to NOK 3.1 per share, through
reduction of subordinated convertible loan in exchange for a lowered conversion
strike price
· Pro forma NIBD reduced from 582 million to USD 537 million
· Available liquidity of approx. USD 96 million post refinancing

CEO Dag Skindlo comments:

“Archer is pleased to announce that we have agreed an extension and reduction of
the debt with the lenders under our loan facilities. Archer has demonstrated
considerable growth in EBITDA and EBIT over the last 2 years, and Archer has
reduced the leverage ratio from 16.2x in 2016 to 6.2x at the end 2019. The
improved financial results, with a year on year growth in EBITDA and EBIT of 30%
and 170% respectively, coupled with robust cash flow generation and a meaningful
liquidity buffer, have enabled us to secure these favorable amendments without
issuing new equity and keeping interest margins at competitive levels. The
agreed reduction in NIBD of 7.8% improves our credit metrics further, and the
extensions ensure a solid financial platform to navigate a turbulent and
challenging market environment.”

Revolving Credit Facility

Archer has concluded the negotiation with the lenders under the main facility
resulting in amendments to, and an extension of, the USD 610.8 million revolving
credit facility (the “RCF”) and overdraft facilities.

The amendments to the RCF include:

· An initial decrease in the commitments by USD 31.7 million to a total of USD
579.1 million
· A 3 year extension of the final maturity to 1[st] October 2023
· Quarterly amortization of USD 4 million commencing 31 March 2021
· A cash sweep mechanism of excess liquidity above USD 90 million starting 31
December 2020
· Interest margin unchanged
· Amendments to the financial covenants with sufficient headroom to Archer’s
business plan

BNP/Hermes covered term loan

Archer has reached an agreement with BNP on the EUR 21.4 million outstanding
BNP/Hermes covered term loan that include:

· An extension of the final maturity until December 2022
· A EUR 10 million instalment on signing of the amendment agreement
· Quarterly instalments of EUR 1.4 million commencing in 2021
· Interest margin unchanged
· Amendments to the financial covenants with sufficient headroom to Archer’s
business plan

Subordinated Convertible Loan

Archer has reached an agreement with Seadrill that the principal and accrued
interest as per 31 December 2019 is reduced by 75%, and the new outstanding
amount will be USD 13 million. At the same time, the conversion price is
adjusted to USD 0.4 per share (from USD 2.083 per share). The final maturity is
extended until 1 April 2024.

The amendments to the loan agreements are subject to, inter alia, final
documentation and customary conditions precedent as well as well as Hermes
credit approval of the EUR 21.4 million BNP/Hermes covered loan.

For additional information please contact:

Dag Skindlo, Chief Executive Officer

Mobile: +47 982 26 624, Email: [email protected]

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

Kilde

[TekBot]

Archer Limited : Settlement of restricted stock units

Hamilton, Bermuda (March 16, 2020)

Archer Limited (“the Company”) has through market purchases executed on March
…

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16, 2020 repurchased 7,125 of the Company’s own common stock at an average price
of NOK 1.8597 per share. After this transaction, the Company held a total of
25,000 treasury shares.

In connection with Archer’s long term incentive program 25,000 restricted stock
units (“RSUs”) have vested and the same amount of common shares have been
distributed to Archer employees. The Company has used its treasury shares for
settlement.

The following primary insider was amongst the recipients of shares:

Mr. Adam Todd, General Counsel, received 6,250 shares. After this transaction,
Mr. Todd holds 54,416 shares and 143,584 RSUs in Archer Limited.

After these transactions, the total number of options and RSUs outstanding in
Archer Limited is 650,001 and 4,132,364 respectively.

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

Kilde

[TekBot]

Financial calendar

Financial calendar for Archer Limited

FINANCIAL YEAR 2019
…

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23.04.2020 - Annual Report

FINANCIAL YEAR 2020

14.08.2020 - Half-yearly Report
20.11.2020 - Annual General Meeting

25.02.2021 - Quarterly Report - Q4

08.05.2020 - Q1 Trading Update
06.11.2020 - Q3 Trading Update

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

Archer Limited : Debt refinancing completed

Hamilton Bermuda (April 27, 2020)

Further to the release issued by Archer Limited (the “Company”) on March 13,
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2020, the Company is pleased to announce that the amendment agreements in
relation to the refinancing of the Company (the “Refinancing”) have been
executed and all conditions precedents to the Refinancing have been satisfied.
This means that the Refinancing of the Company, as announced on 13 March 2020,
has been completed.

The new financing agreements secure a robust financial foundation:

· Main loan facility extended until 1st October 2023
· Including scheduled instalments in Q1 2020, the commitments under the
multicurrency term and revolving credit facility was reduced by USD 31.7 million
and the amount outstanding under the Hermes covered term loan was reduced by EUR
10 million
· A fixed quarterly amortization schedule with instalments totaling roughly
USD 5.5 million commencing on March 31, 2021
· Interest margins unchanged
· No new equity or liquidity required
· Debt reduction of USD 45 million through reduction of subordinated
convertible loan in exchange for a lowered conversion strike price, resulting in
a positive P&L effect in second quarter 2020 of USD 45 million, equal to NOK 3.1
per share
· Available liquidity in excess of USD 90 million following the Refinancing

CEO Dag Skindlo comments:

"We are very pleased to finalize the Refinancing on the back of improved results
in the period past us. The industry is currently in the midst of an
unprecedented combination of a global pandemic coupled with a dramatic fall in
oil prices. Archer has been working hard to assess the impacts of this
development on the business and to implement mitigating factors and execute cost
reduction initiatives that will enhance the Company’s ability to withstand the
current market conditions. Archer has a solid liquidity position following the
Refinancing, and the combination of cash generation from operation, absence of
major loan maturities until fourth quarter 2023 and ample available liquidity
enables the Company to withstand a meaningful drop in activity. In our Trading
Update scheduled for May 8[th], we will provide an update on the impact of
pandemic and fall in oil price. "

Enquiries:

Espen Joranger, CFO

• 47 982 06 812

[email protected]

Joachim Houeland, Corporate Treasurer

+47 482 78 748

[email protected]

Kilde

[TekBot]

Archer Limited: Annual report and ESG report for 2019

Hamilton, Bermuda (April 29, 2020)

Archer has today published its annual report for 2019. The financial numbers in
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the annual report are identical to the preliminary full year 2019 results
incorporated in the fourth quarter 2019 earnings release published on February
14, 2020.

In addition, please find enclosed Archer`s Environmental, Social and Governance
(ESG) report for 2019. The ESG report has been prepared based on the framework
established by the Sustainability Accounting Standard Board (SASB) and oil and
gas service companies.

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