Hamilton, Bermuda (May 4, 2015)

First Quarter 2015 highlights

• First quarter revenue  of $501.6 million
• First quarter EBITDA at $58.1 million including $3.3 million restructuring costs
• Net loss for the quarter of $14.9 million
• First quarter operational cash flow of $ 19.4 million
• Net interest-bearing debt of $795.8 million at March 31, 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 Monday, May 4, 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.