Archer Management

Management criteria checks 2/4

Archer's CEO is Dag Skindlo, appointed in Mar 2020, has a tenure of 4.67 years. directly owns 0.13% of the company’s shares, worth NOK2.68M. The average tenure of the management team and the board of directors is 4.7 years and 5 years respectively.

Key information

Dag Skindlo

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	4.7yrs
CEO ownership	0.1%
Management average tenure	4.7yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO

Dag Skindlo (56 yo)

4.7yrs

Tenure

Mr. Dag Skindlo has been Independent Director at KLX Energy Services Holdings, Inc. since July 28, 2020 and serves as its Non-Executive Chairman of the Board since June 2022. Mr. Skindlo has been Chief Exe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dag Skindlo	Chief Executive Officer	4.7yrs	no data	0.13% NOK 2.7m
Espen Joranger	Chief Financial Officer	4.7yrs	no data	0.028% NOK 590.0k
Adam Todd	General Counsel	7.2yrs	no data	0.0052% NOK 107.9k
Alexander Olsson	Executive Vice President Platform Operations	1.1yrs	no data	no data
Nicholas Pantin	Executive Vice President of Well Services	1.1yrs	no data	no data
Joachim Houeland	Corporate Treasurer	no data	no data	no data
James Ayers	Secretary	no data	no data	no data

4.7yrs

Average Tenure

Experienced Management: 0RBA's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James O'Shaughnessy	Independent Director	6.2yrs	no data	no data
Peter Sharpe	Independent Director	5yrs	no data	no data
Richard Stables	Director	1.5yrs	no data	0.15% NOK 3.2m
Giovanni Dell'Orto	Independent Director	13.8yrs	no data	0.000090% NOK 1.9k
Jan Klepsland	Director	3.1yrs	no data	0.031% NOK 645.1k

5.0yrs

Average Tenure

60yo

Average Age

Experienced Board: 0RBA's board of directors are considered experienced (5 years average tenure).

Archer Management

Management criteria checks 2/4

Key information

Recent management updates

Chief Executive Officer recently bought kr281k worth of stock

Archer Limited Announces Board Appointments

Archer Limited Approves to Elect Arne Sigve Nylund as a Director

Archer Limited Announces the Resignation of Kjell-Erik Østdahl as Chairman and Member of the Board

Recent updates

New minor risk - Shareholder dilution

Third quarter 2024 earnings released: EPS: US$0.038 (vs US$0.038 loss in 3Q 2023)

Archer Limited (OB:ARCH) entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC for $51 million.

Second quarter 2024 earnings released: EPS: US$0.015 (vs US$0.27 loss in 2Q 2023)

Archer Limited (OB:ARCH) agreed to acquire an additional 10% stake in Iceland Drilling Company Ltd from Kaldbakur ehf. for $2.5 million.

Chief Executive Officer recently bought kr281k worth of stock

Archer Limited (OB:ARCH) entered into an agreement to acquire Moreld Ocean Wind from Remold Invest AS.

Archer Limited (OB:ARCH) agreed to acquire 65% stake in Vertikal Service As for NOK 25 million.

Full year 2023 earnings released: US$0.022 loss per share (vs US$0.066 profit in FY 2022)

New minor risk - Financial data availability

New minor risk - Profitability

New minor risk - Share price stability

Archer Limited Provides Earnings Guidance for 2023

Second quarter 2023 earnings released: US$0.011 loss per share (vs US$0.13 loss in 2Q 2022)

Now 26% undervalued

First quarter 2023 earnings released: US$0.056 loss per share (vs US$0.093 profit in 1Q 2022)

Archer Limited Announces Board Appointments

Archer Limited Approves to Elect Arne Sigve Nylund as a Director

Investor sentiment deteriorates as stock falls 68%

Full year 2022 earnings released: EPS: US$0.066 (vs US$0.10 loss in FY 2021)

Archer Limited to Report First Half, 2023 Results on Aug 18, 2023

Archer Limited (OB:ARCH) acquired Romar-Abrado for an enterprise value of $8 million.

Archer Limited (OB:ARCH) completed the acquisition of 50% stake in Iceland Drilling Company Ltd for $8.3 million.

Archer Limited Reiterates Earnings Guidance for the Fiscal Year 2022

Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.011 profit in 2Q 2021)

Archer Limited (OB:ARCH) signed an agreement to acquire 50% stake in Iceland Drilling Company Ltd for $8.3 million.

Archer Limited Announces the Resignation of Kjell-Erik Østdahl as Chairman and Member of the Board

First quarter 2022 earnings released: EPS: US$0.093 (vs US$0.041 in 1Q 2021)

Full year 2021 earnings released: US$0.10 loss per share (vs US$0.051 loss in FY 2020)

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Archer Limited Reports Impairment for the Fourth Quarter Ended December 31, 2021

Investor sentiment deteriorated over the past week

Archer Limited Provides Earnings Guidance for the Fourth Quarter of 2021 and Full Year 2022

Third quarter 2021 earnings released: US$0.066 loss per share (vs US$0.083 loss in 3Q 2020)

Forecast to breakeven in 2021

Second quarter 2021 earnings released: EPS US$0.011 (vs US$0.31 in 2Q 2020)

Archer Limited (OB:ARCH) completed the acquisition of DeepWell AS.

Archer Limited (OB:ARCH) signed an offer letter to acquire DeepWell AS.

Full year 2020 earnings released: US$0.051 loss per share (vs US$0.32 loss in FY 2019)

Full year 2020 earnings released: US$0.051 loss per share (vs US$0.32 loss in FY 2019)

Revenue misses expectations

Archer Limited to Report Q1, 2021 Results on Apr 30, 2021

Archer Secures A Five-Year Contract from Aker BP

Archer Secures Four-Year Contract Extension for Platform Drilling and Maintenance Services with Apache Corporation in the North Sea

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age