Archer Announces 4th Quarter & Preliminary 2021 Results

Source: www.gulfoilandgas.com 2/25/2022, Location: South America

Fourth Quarter 2021 Highlights

• Revenue of $252 million

• EBITDA before exceptional items increased by $2.3 million to $25.8 million

• EBITDA of $22.4 million • NIBD reduced to $500 million at year-end

• Impairment of $13.5 million in the quarter related to idle assets in Argentina Subsequent events previously announced

• Contract extension for Pan American Energy totaling $235 million

• Contract extension for Equinor totaling $565 million Archer will not host a conference call in relation to the quarterly release, as the Trading Update presentation held on February 2nd covered the operational and financial results in Q4 2021.


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