Archer Limited : Second Quarter 2015 Results

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Hamilton, Bermuda (July 31, 2015)

Second Quarter 2015 highlights

  • Second quarter revenue from continuing operations of $388.9 million
  • Second quarter EBITDA was a loss of $1.9 million including $5.0 million restructuring costs
  • Net loss for the quarter of $47.7 million
  • Second quarter operational cash flow of $28.9 million
  • Net interest-bearing debt of $793.9 million as of June 30, 2015

In connection with the earnings release, a conference call will be held at 7:00 Houston time, 13:00 London time, 14:00 Oslo time on Friday, July 31, 2015.

For information on how to attend the webcast, detailed information is found on our webpage; http://archerwell.com/investor-relations/webcast/

Questions should be directed to:
David King, Chief Executive Officer
Christoph Bausch, Chief Financial Officer

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

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