Hamilton, Bermuda (February 23, 2015)
Fourth Quarter 2014 highlights
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Fourth quarter revenue from continuing operations of $603.7 million
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Fourth quarter EBITDA from continuing operations at $69.3 million.
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Fourth quarter impairment charge of $58.9 million.
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Net loss for the quarter of $90.2 million.
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Fourth quarter operational cash flow of $30.9 million.
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Net interest-bearing debt of $782.5 million at December 31, 2014.
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 February 23, 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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.