Hamilton, Bermuda (September 3, 2012)

Archer advises that its 2012 Annual General Meeting will be held on September 21, 2012. The record date for voting at the Annual General Meeting is set to July 16, 2012.  A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial Statements for 2011 can be found on our website www.archerwell.com.

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