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15.05.25 - 07:30
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Archer Limited: Archer distribution of shareholder return - NOK 0.63 per share (Cision)
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Hamilton, Bermuda (May 15, 2025)
Distribution of shareholder return
Reference is made to the announcement by Archer Limited (ticker “ARCH) today that the Board of Directors has approved a cash distribution to shareholders as specified below. The distribution will be in the form of return of capital and will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account.
Please find below the key information relating to the return of capital.
· Return of capital: NOK 0.63 per share...
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15.05.25 - 07:30
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Archer Limited: Archer reports Q1 financial results and quarterly cash distributions to shareholders (Cision)
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Hamilton, Bermuda (May 15, 2025)
Archer, a leading provider in drilling and well services, announces strong Q1 financials and confirms the quarterly cash distribution to shareholders.
Archer's CEO, Mr. Skindlo, comments:
“Our growth the last few years in combination with the refinancing of Archer in February 2025, have given us the foundation to introduce our first shareholder return program. We are pleased to confirm the first quarterly cash distribution to our shareholders. We will pay the first cash distribution of NOK 0.63 per share on or about May 28, 2025."
In the first...
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13.05.25 - 10:12
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Archer Limited: Invitation to investor presentation (Cision)
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Hamilton, Bermuda (May 13, 2025)
Archer Limited's first quarter 2025 results are scheduled to be released on May 15[th], 2025, before the start of trading on Oslo Stock Exchange. CEO Dag Skindlo and CFO Espen Joranger will present the results at 10:30 am CEST on May 15[th].
Participants are welcome to join the event at Arctic Securities, Haakon VII's gt. 5, in Oslo. To attend the presentation in person, please notify by e-mail to events@arctic.com.
To follow the event via webcast, please use the following link: https://my.demio.com/ref/EUg40ZmqtVv1nQeM
For additional...
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09.05.25 - 18:42
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Archer Limited – 2025 AGM Results Notification (Cision)
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Archer Limited (the “Company”) advises that the 2025 Annual General Meeting of the Shareholders of the Company was held on 9 May 2025 at 10:30 hrs, at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended 31 December 2024 were presented to the Meeting.
In addition, the following resolutions were passed:
1. 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...
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30.04.25 - 20:30
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Archer Limited: Annual report for 2024 (Cision)
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Hamilton, Bermuda (April 30, 2025)
Archer has today published its annual report, including financial and sustainability statement for 2024. The report is made available on Archer's website: www.archerwell.com
There are no material changes compared to the preliminary and unaudited financial results for 2024, as reported on 27[ ]February 2025.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act...
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28.04.25 - 07:36
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Archer Limited: Archer announces renewed contract and reduced activity in the south of Argentina (Cision)
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Hamilton Bermuda (April 28, 2025)
Archer announces that Pan American Energy (“PAE”) is renewing the contracts for 9 pulling units and 8 workover units working in the south of Argentina. The current contract expires in June 2025 and have been renewed for 3 years with options for two additional years. The estimated backlog for the renewed contract scope is around $210 million.
In parallel, Archer announces reduced activity in the region. Archer is working closely with the local unions to reduce the impact on employees and the community. The reduction in activity will in isolation reduce...
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15.04.25 - 23:01
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Archer Limited: Notice of Annual General Meeting 2024 (Cision)
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Hamilton, Bermuda (15 April 2025)
Archer Limited (the "Company") announces that its 2025 Annual General Meeting will be held on 9 May 2025 (“Meeting”). A copy of the Notice of Annual General Meeting and associated information can be found on our website at www.archerwell.com and attached to this press release. The Company's Consolidated Financial Statements for 2024 will be available on the website ahead of the Meeting.
The Board of Directors
Archer Limited...
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11.04.25 - 22:36
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Archer Limited – Notice of Annual General Meeting 2025 (Cision)
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Hamilton, Bermuda (11 April 2025)
Archer Limited (ticker: ARCH) (the “Company”) advises that the 2025 Annual General Meeting of the Company will be held on 9 May 2025. The record date for voting at the Annual General Meeting is set to 14 April 2025. A copy of the Notice of Annual General Meeting and associated information, including the Company's Annual Report will be distributed and made available on the Company's website at archerwell.com prior to the meeting.
The Board of Directors
Archer Limited...
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27.02.25 - 07:18
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Archer Limited: Archer reports Q4 financial results and announces the commencement of quarterly cash distributions to shareholders (Cision)
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Hamilton, Bermuda (February 27, 2025)
Drilling and well services provider Archer announces cash distribution to shareholders of $5.5 million in Q2 2025, financial results for Q4, and preliminary financials for full year 2024.
Archer's CEO, Mr. Skindlo, comments:
“Archer is pleased to announce its shareholder return program, which along with the refinancing, lays the foundation for quarterly cash distributions to shareholders. We will initiate quarterly cash distributions to shareholders in the second quarter of $5.5 million. Given our resilient cash flow from operations, we plan to...
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26.02.25 - 12:42
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Archer Limited: WFR awarded multi-year contract to supply Fishing and Thru Tubing Fishing for a major deepwater operator in the US GOA (Cision)
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Hamilton, Bermuda (February 26, 2025)
Archer is pleased to announce that its subsidiary, Wellbore Fishing & Rental Tools LLC ("WFR"), has been awarded a frame agreement for the provision of Fishing and Thru Tubing Fishing for a major deepwater operator in the US Gulf of America. The new frame agreement has an initial estimated value of USD 30 million over a firm 3-year period. The frame agreement includes two additional 1-year optional period which can bring total value to USD 50 million
Commenting on this achievement, Tony Bellina, VP of NAM for WFR, said, "We are honored to further...
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30.01.25 - 07:36
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Archer Limited - Fixed Income Investor Meetings (Cision)
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Hamilton, Bermuda (January 30, 2025)
Archer Limited (the “Company” and together with its subsidiaries, the “Group”) has mandated Arctic Securities, DNB Markets and Pareto Securities, as Joint Bookrunners, Sparebank 1 Markets as Joint Lead Manager and...
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30.01.25 - 07:30
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Archer Limited: Archer reports a record year with 15% EBITDA growth and guides 2025 EBITDA to grow by 15-25%. (Cision)
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Hamilton, Bermuda (January 30, 2025)
Drilling and well services provider Archer announces a trading update for 2024 including its financial outlook for 2025.
Archer has grown substantially both organically and through strategic M&A over the last few years. Archer reports 2024 EBITDA of $135 million and guides further growth of 15-25% in 2025, approximately 90% above Archer's 2022 EBITDA results. The improvements in 2024 were driven by increased activity and a higher EBITDA margin, now roughly 2 percentage-points above 2022 levels.
Highlights from the Q4 trading update:
·...
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20.12.24 - 11:18
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Archer Limited: Approval and publication of listing prospectus (Cision)
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Reference is made to the stock exchange announcement made by Archer Limited (the "Company") on 31 October 2024 regarding the successful private placement (the "Private Placement") of 24,393,100 new common shares in the Company. Reference is further made to the stock exchange announcement made on 14 November 2024 regarding the issuance of 1,174,436 new common shares in the Company (the "Consideration Shares") to enable settlement of the Company's acquisition of an additional 10% of the shares in Iceland Drilling.
A prospectus for the listing of (i) 518,718 of the new shares issued in the...
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18.11.24 - 09:01
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Archer Limited: Wellbore Fishing and Rental Tools LLC acquisition closed (Cision)
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Hamilton, Bermuda (November 18, 2024)
Reference is made to the notification dated October 30, 2024, wherein Archer announced its agreement to acquire Wellbore Fishing & Rental Tools, LLC (“WFR”). Total consideration for the acquisition was $51.5 million, financed through a private placement of $50 million as announced on October 31, 2024, and cash at hand.
We are pleased to announce that the transaction has now closed, in accordance with previously communicated terms.
About WFR
WFR is a US based well technology company focused on oil and gas fishing operations. Fishing...
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14.11.24 - 16:24
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Archer Limited: New share capital registered (Cision)
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Hamilton, Bermuda (November 14, 2024)
Reference is made to the stock exchange announcement made by Archer Limited (the "Company") on October 31, 2024 regarding the successful private placement (the "Private Placement") of 24,393,100 new common shares in the Company raising gross proceeds of the NOK equivalent of approx. USD 50 million. The Private Placement is divided in two separate tranches, where the first tranche consists of 13,512,837 new shares and the second tranche consists of the remaining 10,880,263 new shares (the "Tranche 2 Shares") in the Private Placement.
The Tranche 2...
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13.11.24 - 16:54
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Archer Limited: Minutes from Special General Meeting (Cision)
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Hamilton, Bermuda (November 13, 2024)
Archer Limited (the “Company”) advises that a Special General Meeting of the Shareholders of the Company was held on November 13, 2024, at 09:00 hrs, at 14 Par-la-Ville Road, Hamilton, HM08, Bermuda ("Meeting"). At the Meeting, the shareholders resolved that the Company's authorized share capital shall be increased from USD 800,000 divided into 80,000,000 common shares of USD 0.01 par value each to USD 1,500,000 divided into 150,000,000 common shares of USD 0.01 par value each, by the authorization of an additional 70,000,000 common shares of USD 0....
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