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Monday, 08/19/2013 4:09:37 PM

Monday, August 19, 2013 4:09:37 PM

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 19, 2013) -Archer Petroleum Corp. (TSX VENTURE:ARK)(DBFrankfurt:A6VA) ("Archer" or the "Company") is pleased to announce that it has closed the purchase and sale agreement (the "Acquisition Agreement") with Arrakis Oil Recovery, LLC ("Arrakis") for the acquisition by Archer of a 25% interest in the Peak Project.