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Archer Ltd (ARCHER.OL)

ARCHER.OL on Oslo Stock Exchange

11.20NOK
23 May 2018
Change (% chg)

kr-0.44 (-3.78%)
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kr11.64
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kr11.58
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1,183,999
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kr13.25
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kr7.91

Latest Key Developments (Source: Significant Developments)

Oslo-listed Archer posts slightly higher Q1 earnings yr/yr, sees improved outlook
Tuesday, 8 May 2018 

May 8 (Reuters) - Archer Ltd ::ARCHER Q1 REVENUES $218 MILLION VERSUS YEAR-AGO $221.4 MILLION.ARCHER Q1 EBITDA $18.1 MILLION VS $17.3 MLN IN Q1 2017.ARCHER GROUP PERFORMANCE CONTINUES TO BE NEGATIVELY IMPACTED BY LAND DRILLING IN THE SOUTH OF ARGENTINA, WHICH IS SET TO IMPROVE IN SECOND HALF OF 2018.IMPROVED OUTLOOK FOR 2018 WITH A GOOD BASE FOR FURTHER GROWTH IN 2019.  Full Article

Archer posts smaller than expected net loss in Q3
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Archer Ltd :q3 revenues $‍212.3​ million (Reuters poll $215 million).q3 ebitda $‍​12.8 million (Reuters poll $18.3 million).q3 net result $-4.8‍​ million (Reuters poll $-8.3 million).‍q3 ebitda of $17.8 million before exceptional items​.‍outlook for oilfield services remains uncertain, but archer is benefiting from exposure to differing geographies and early cycle segments​.‍a stable oil price at current levels will support activity growth into 2018​.‍we remain committed to de-leveraging and strengthening our balance sheet through strict capital discipline and focus on efficient operations​.‍we lost slight momentum in us during quarter as a result of hurricane harvey, but we have now recovered and are confident of continued growth going forward​.Performance of us land is expected to increase in the quarters to come.Strong liquidity position with $125 million in available liquidity‍​.Offshore drilling and exploration activity remains muted ‍​.  Full Article

Archer Q2 EBITDA ex. items down at $17.4 mln Q/Q
Friday, 29 Jul 2016 

Archer Ltd : Q2 revenue $218.8 million compared to $320.8 million year ago and $229.2 million in Q1 2015 . Q2 EBITDA before restructuring costs was $17.4 million versus $26.4 million in Q1 . Q2 EBITDA after restructuring and one-time cost was a loss of $1.6 million . As global commodity prices remained under pressure, many of its customers decided to further reduce their spending levels for 2016 . Starting to see signs of higher activity levels and expect activity to improve towards the end of the year .Expects Q3 2016 revenue to be lower than Q2 following continued reduction in drilling activities.  Full Article

BRIEF-Archer ‍wins 3 year platform drilling management service contract from Apache

* APACHE AWARDS NEW PLATFORM DRILLING MANAGEMENT CONTRACT WITH ARCHER FOR THE FORTIES AND BERYL FIELDS UNTIL Q4 2020