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#21

#22

#23

Archer Limited : Announcement of second quarter 2018 earnings release date and conference call information

Hamilton, Bermuda (July 31, 2018)

Archer Limited’s second quarter 2018 earnings are scheduled to be released on August 14, 2018 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 14, 2018.

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

A. Webcast

To register for the webcast please go to https://edge.media-server.com/m6/p/7gkjtofg

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 2018 Earnings release.”

Participant Telephone Numbers:

| UK: | +44 (0)330 336 9125 |
| Norway:  | +47 2100 2610 |
| USA:  | +1 929-477-0448 |
| Confirmation Code:  | 1283258 |

The operator will ask for your name, company and the confirmation code. 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.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180731.GlobeNewswire.HUG2208137


#24

Notification of change in ownership for Catella Fondförvaltning AB

We would like to inform you that the funds managed by Catella Fondförvaltning AB
org nr 556533-6210, a Swedish company, have passed the threshold of 5% of voting
rights and outstanding shares per 2018-08-01 in the company Archer, BMG0451H1170
. Please see details below;

Date % Number of shares Number of shares
bought
2018-08-01 5,04 7.435.718 147.831
2018-07-31 4,94 7.287.887

Ekstern link: http://www.newsweb.no/index.jsp?messageId=456435

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180802.OBI.20180802S15


#25

https://ir.quintanaenergyservices.com/press-releases/detail/12/quintana-energy-services-reports-second-quarter-2018-results


#26

#27

#28

Archer Limited : Second Quarter 2018 Earnings Release

Hamilton, Bermuda (August 14, 2018)

 ** Second quarter highlights 2018**

  • Revenue $224.4 million.
  • EBITDA of $18.0 million before exceptional items.
  • Revenue and margin increase for all segments in Eastern Hemisphere relative to first quarter.
  • Award of four additional Equinor platforms to commence in fourth quarter 2018.
  • Depreciation of the Argentine Peso reduced Land Drilling revenue (reported in USD) by 8% in the quarter.

John Lechner, CEO Archer comments:

 "I’m pleased to see that the recovery is starting to build in most of our operating areas. We continue to see growing activity offshore Norway, as well as increased activity in Asia Pacific. This resulted in a revenue increase of $6 million relative to the first quarter of 2018.

We remain on track in our preparations to mobilize to the four additional platforms awarded by Equinor, which we will begin operating at the beginning of the fourth quarter. The addition of these platform crews, along with increased personnel coming on board to support growing activity across our other Eastern Hemisphere divisions, will see our Norwegian headcount increase by about 30% to 2,000 by year end.

Our efforts to improve our financial performance in the South of Argentina have so far not yielded the results we have planned for and were also negatively impacted in the second quarter by the winter season. We are still in discussions with our unions to reduce our headcount as planned and we still have too many employees for our activity level. However, with a new management team now in place, a lower cost base, and improved incentive terms, I am confident we will see improved financial results during second part of the year.

I also want to thank our management and field organization for their consistent and effective QHSE focus, which resulted in our Total Recordable Incident Frequency (TRIF) dipping to 0.41 as at the end of Q2, an all-time low for Archer as a company."

A conference call will be held at 08:00 London time, 09:00 Oslo time on August 14, 2018. To listen to the conference call, the following options are available:

A. Webcast

To register for the webcast please go to https://edge.media-server.com/m6/p/7gkjtofg

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 2018 Earnings release.”

Participant Telephone Numbers:

| UK: | +44 (0)330 336 9125 |
| Norway: | +47 2100 2610 |
| USA: | +1 929-477-0448 |
| Confirmation Code: | 1283258 |

The operator will ask for your name, company and the confirmation code. 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.

Archer Q2 2018 Presentation
Archer Q2 2018 Report


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180814.GlobeNewswire.HUG2210531


#29

#30

Archer Ltd. (ARHVF) CEO John Lechner on Q2 2018 Results - Earnings Call Transcript

ARCHER LTD ORD NEW 2018 Q2 - Results - Earnings Call Slides


#31

Archer Limited : Notice of Annual General Meeting 2018

Hamilton, Bermuda (August 27, 2018)

Archer advises that its 2018 Annual General Meeting will be held on September 21, 2018. The record date for voting at the Annual General Meeting is set to July 23, 2018.  A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial statements for 2017 can be found on our website www.archerwell.com.

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

Notice of Annual General Meeting


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180827.GlobeNewswire.HUG2212852


#32

Archer Limited: Archer signs agreement to sell US Frac Valve Business

Hamilton, Bermuda (August 31, 2018)

Archer Limited (OSE: Archer) has entered into a definitive agreement to sell AWC Frac Valves (“AWC”) to a US based private equity fund for a consideration of USD 30 million on a debt- and cash-free basis. Archer can in addition receive an earn-out of up to USD 5 million based on full year 2018 results. The final purchase price will be subject to certain post-closing adjustments.

AWC, headquartered in Conroe, Texas, is a leading manufacturer and service provider of premium frac valves. The company has over the last two years managed an impressive turn-around and has increased revenue by more than 170% relative to 2016. In the last twelve months, AWC has contributed USD 32.0 million in revenue and USD 3.6 million in EBITDA to Archer.

CEO John Lechner comments:

“We are pleased to announce the divestment of AWC Frac Valves as part of our promise to focus the company service portfolio and de-leverage the company. This transaction follows the IPO of QES on the New York Stock Exchange earlier in the year. AWC has benefitted from the improved onshore US activity and we are pleased to be selling to a US based private equity investor committed to growing the business.”

The transaction will close by end of day US Central Standard Time today, Friday 31 August. The transaction will generate an estimated accounting gain of USD 10 million to Archer, and the net proceeds of approximately USD 29 million will primarily be used for debt prepayments.

For more information, please contact:

Anders Engelsen, VP Corporate Business Development

Phone: +47 932 07 901

Dag Skindlo, CFO

Mobile: +47 982 26 624

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


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180831.GlobeNewswire.HUG2213602


#33

Archer Limited : Archer presents at Pareto Securities’ 25th Oil and Offshore Conference

Hamilton, Bermuda (September 13, 2018) 

Archer CFO Dag Skindlo will present at the Pareto Securities’ Oil & Offshore Conference on 13 September 2018 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 that stretches back over 40 years. With a strong focus on safety and delivering the highest quality products and services, Archer employs over 4,800 people and operates in 40 locations over 19 countries. Archer specializes in providing drilling services, well integrity & intervention, plug & abandonment and decommissioning services to its upstream oil and gas clients. 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.

Archer Presentation - Pareto Conference 13 Sept 2018


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180913.GlobeNewswire.HUG2215726


#34

Archer Limited : Minutes from the 2018 Annual General Meeting

Hamilton, Bermuda (September 21, 2018)

Archer Limited (the “Company”) advises that the 2018 Annual General Meeting of the Shareholders of the Company was held on September 21, 2018 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 Archer Limited for the year ended December 31, 2017 were presented to the Meeting.

In addition, the following resolutions were passed:

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

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

3)      To re-elect Dag Skindlo as a Director of the Company.

4)      To elect Kjell-Erik Østdahl as a Director of the Company in place of Alf Ragnar Løvdal, who is not standing for re-election.

5)      To re-appoint PricewaterhouseCoopers LLP as auditors and to authorize the Directors to determine their remuneration. 

6)      That the remuneration payable to the Company’s Board of Directors of a total amount of fees not to exceed US$500,000.00 be approved for the year ended December 31, 2018.

 

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


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180921.GlobeNewswire.HUG2217199


#35

Archer Limited : Changes to the Board composition

Hamilton, Bermuda (September 24, 2018)

Archer Limited (the “Company”) announces that the board of Archer has elected Kjell-Erik Østdahl as Chairman of the Board and James O’Shaughnessy as a new board member in the Company to fill a vacancy on the Board.

Kjell-Erik Østdahl has had a tenure of 21 years at Schlumberger in a number of senior positions within operations, business development, marketing and executive management in China, Norway, UK, France and US. He served as Executive Vice President, Operations, Schlumberger from 2011 to 2013. Prior to this role, he was senior partner at HitecVision from 2014 to 2015.  He is a professional investor in technology start-up companies and real estate. He is also a senior advisor at Blackstone Investment Firm and EY.  He also serves as Chairman on the Boards of Sekal AS and Cannseal AS, and he is a board member of Olympic Subsea ASA.  Mr. Østdahl was appointed to the Board of Seadrill Limited on July 2, 2018.  He holds an MSc in Electrical Engineering from the Norwegian University of Science and Technology (NTNU).

James O’Shaughnessy has been an Executive Vice President, Chief Accounting Officer and Corporate Controller of Axis Capital Holdings Limited since March 26, 2012. Prior to that Mr. O’Shaughnessy has amongst other served as Chief Financial Officer in the Bermuda operations of Flagstone Reinsurance Holdings SA and as Chief Accounting Officer and Senior Vice President of Scottish Re Group Ltd., and Chief Financial Officer of XL Re Ltd. at XL Group plc.  Mr. O’Shaughnessy received a Bachelor of Commerce degree from University College, Cork, Ireland in the year 1981 to 1985 and is both a Fellow of the Institute of Chartered Accountants of Ireland and an Associate Member of the Chartered Insurance Institute of the UK. Mr. O’Shaughnessy earned a Master’s Degree in Accounting from University College Dublin in the year 1985 to 1986.

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


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180924.GlobeNewswire.HUG2217361


#36

Tidligere Fredriksen-topp erstattes i Archer-styret

Løvdal går ut, Østdahl kommer inn.

Ekstern link: http://www.hegnar.no/Nyheter/Boers-finans/2018/09/Tidligere-Fredriksen-topp-erstattes-i-Archer-styret

Nyheten er levert av Hegnar.

http://www.netfonds.no/quotes/release.php?id=20180923.Hegnar.973048


#37

Archer Limited: Grant of Restricted Stock Units

Hamilton, Bermuda (October 1, 2018)

Archer Limited (“Archer” or the “Company”) announces that the Board of Directors
has granted restricted stock units (RSUs) to members of its management team. On
Monday October 1, 2018 a total number of 1,927,500 RSUs were granted. The RSUs
entitle the recipient to receive one common share for each RSU awarded. The RSUs
are non-transferable and one third of the award will vest and be delivered on
each of the first three anniversaries following the date of the award provided
the employee remains employed at vesting. The total number of RSUs and options
outstanding following this grant is 2,112,750 and 1,505,233 respectively.

The purpose of the grant is to further the interests of Archer, its subsidiaries
and its shareholders to employees who can contribute materially to the success
and profitability of Archer. Such awards will recognize and reward performance
and individual contributions and give awarded participants an interest in the
Company parallel to that of the shareholders, thus enhancing the proprietary and
personal interest in Archers continued success and progress.

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

Mr. John Lechner, Chief Executive Officer, was granted 130,000 RSUs. After this
transaction, Mr. Lechner holds 122,500 shares, 695,000 stock options and 137,500
RSUs in Archer Limited.

Mr. Dag Skindlo, Chief Financial Officer, was granted 130,000 RSUs. After this
transaction, Mr. Skindlo holds 124,000 shares, 600,000 stock options and 130,000
RSUs in Archer Limited.

Mr. Adam Todd, General Counsel, was granted 56,000 RSUs. After this transaction,
Mr. Todd holds 6,250 shares and 74,750 RSUs in Archer Limited.

Mr. Anders Engelsen, VP Corporate Business Development, was granted 56,000 RSUs.
After this transaction, Mr. Engelsen holds 56,000 RSUs in Archer Limited.

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

Ekstern link: http://www.newsweb.no/index.jsp?messageId=460417

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181001.OBI.20181001S23


#38

Archer Limited: Archer announces multi-year contract extension with major client in the UK

Hamilton, Bermuda (17 October, 2018)

Archer Limited (“Archer” or the “Company”) announces that it has secured a contract extension with a major operator for two more years.  The contract extension is scheduled to commence 1st November 2018 and ensures continuity of platform drilling operations and maintenance management services on seven platforms located in the UK sector of the North Sea.

This award represents the sixteenth contract extension and competitive re-tender award to Archer in the last four years for platform drilling operations and maintenance services in the UK, Norway, Greece and Brazil.

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

Ekstern link: http://news.cision.com/archer-limited/r/archer-limited–archer-announces-multi-year-contract-extension-with-major-client-in-the-uk,c2646451

Nyheten er levert av Cision.

http://www.netfonds.no/quotes/release.php?id=20181017.Cision.20181017:BIT:3251:0


#39

#40

Archer Limited: Third quarter 2018 - Best quarterly operating result in 3 years

Hamilton, Bermuda (November 2, 2018)

Third Quarter 2018 earnings release highlights

·  Best quarterly operating result in 3 years. 
·  Revenue of $213.7 million. 
·  EBITDA before exceptional items of $25.7 million, an increase of 45% from same quarter last year. 
·  EBITDA of $22.4 million, an increase of 75% from same quarter last year.  
·  EBIT of $8.6 million 
·  Divestment of US Onshore (AWC Frac Valves) for $30 million. 
·  All geographies and segments reported positive EBITDA, including within Land Drilling. 

John Lechner, CEO Archer comments:

"Archer is pleased to deliver the strongest quarterly EBITDA margin reported since the third quarter of 2015. The bottom line performance is a result of an improved market in Eastern Hemisphere, as well as a strong operational delivery and lower cost base in Argentina.

In August we divested our US onshore business for an Enterprise value of $30 million. This divestment enables us to focus the company service portfolio and to de-leverage the company, while reducing the Net Interest Bearing Debt by approximately $30 million.

Our determined focus on performance improvement and restructuring of our Land Drilling business is finally paying dividends in the form of improved drilling performance coupled with a lower cost base. In isolation, the financial turmoil in Argentina has a negative effect on the top line revenue reported in US dollars, but a slight positive effect on our EBITDA margins. Furthermore, we have so far not seen any drop in activity levels as a result of the financial uncertainty. Although the operating environment in Argentina is somewhat unpredictable, we feel we have turned the tide in terms of delivering more consistent bottom line performance going forward.

On October 1st we successfully onboarded approximately 400 new employees when we mobilized to four additional Equinor platform rigs as awarded earlier in Q2. Our onshore and offshore teams have worked relentlessly to ensure a safe and effective start up and transition on all platforms, and we expect further modest headcount growth going forward as we deliver on the increased demand for our services in the market.

Growth in our other businesses in Eastern Hemisphere leveled out in the third quarter, but with the increased contracted platform drilling activity, scheduled well services projects and underlying forecasted growth in E&P spend, I am confident we will see sustained incremental growth in the coming quarters.

Finally, with only one quarter left in the year, we feel confident we can deliver our stated objectives of improved financial results in second half of 2018, an EBITDA margin improvement of 1-2% relative to 2017, and Capex below 3% of revenue."

A conference call will be held at 08:00 London time, 09:00 Oslo time on November 2, 2018. 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/20181102/

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 2018 Earnings release.”

Participant Telephone Numbers:

Norway:   +47 2350 0254
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.

Ekstern link: http://news.cision.com/archer-limited/r/archer-limited–third-quarter-2018—best-quarterly-operating-result-in-3-years,c2662086
Ekstern link: http://mb.cision.com/Public/17569/2662086/83211002fb72a96d.pdf
Ekstern link: http://mb.cision.com/Public/17569/2662086/bbf7176bfd9f5ab2.pdf

Nyheten er levert av Cision.

http://www.netfonds.no/quotes/release.php?id=20181102.Cision.20181101:BIT:8986:0