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Calgary, Canada – April 19, 2017 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares. The dividend is payable on May 12, 2017 to holders of High Arctic common shares of record at the close of business on April 28, 2017.  The ex-dividend date is April 26, 2017.  The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

For more information, please contact:

Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca

 

High Arctic Reports 2016 Fourth Quarter and Year End Results

Calgary Alberta, March 21, 2017 – High Arctic Energy Services Inc. (TSX: HWO) – “High Arctic” or the “Corporation” is pleased to announce its 2016 fourth quarter and year end results.

Thomas Alford, High Arctic’s President and CEO stated: “The fourth quarter saw continued positive performance from our drilling operations in Papua New Guinea, as the integration of our recently acquired Canadian production services platform continued.  The financial performance of the Corporation in the quarter and over the full year, combined with our strong balance sheet provides us with the ability to pursue additional growth opportunities as we continue to grow High Arctic’s business operations.
Highlights
2016 marked a year of transition for High Arctic as the Corporation utilized the strength of its PNG business to expand the Corporation’s business operations during an extended period of weakness in the global oilfield services sector and was able to add additional geographic and product line diversification through the completion of the acquisition of Tervita’s Production Services division (the “Tervita Acquisition”) in the third quarter of 2016.

Fourth Quarter 2016:

Revenue in the fourth quarter increased 7% to $62.3 million from $58.0 million in the fourth quarter of 2015. Contribution from the Tervita Acquisition offset lower quarter over quarter contribution from the Corporation’s Drilling Services segment which benefited from high activity levels in the fourth quarter of 2015 versus the fourth quarter of 2016.
Integration of the Tervita’s Production Services Division was largely completed during the quarter, with focus now transitioning to the achieving of operating and business synergies.
Due to reduced activity from the Corporation’s Drilling Services segment in the quarter versus the fourth quarter of 2015, Adjusted EBITDA declined 12% to $18.3 million from $20.8 million in the fourth quarter […]

High Arctic to Announce Fourth Quarter Results and Host Q4 Conference Call

Calgary, Alberta March 10, 2017: High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) will release its 2016 fourth quarter results on Tuesday March 21, 2017 after markets close and will host a conference call on March 22, 2017 at 9:00 a.m. MT (11:00 a.m. ET).

To access the conference call by telephone dial: 800-377-0758 or 416-340-2216.

The conference call will be available for replay after the call at 1-800-408-3053 and entering passcode 3529040. It will remain available until March 29, 2017. An audio recording of the call will also be available within 24 hours on High Arctic’s website at (www.haes.ca).

The Corporation’s Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2016 will be posted on High Arctic’s website and SEDAR following the release of the Corporation’s results.

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation provides oilfield services in Papua New Guinea and Canada. In Papua New Guinea, the Corporation provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides well servicing, snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

For further information contact:

Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca

 

High Arctic Declares Monthly Dividend

Calgary, Canada – February 16, 2017 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares. The dividend is payable on March 14, 2017 to holders of High Arctic common shares of record at the close of business on February 28, 2017.  The ex-dividend date is February 24, 2017.  The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

For more information, please contact:

Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca

High Arctic Declares Monthly Dividend

Calgary, Canada – January 20, 2017 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares. The dividend is payable on February 14, 2017 to holders of High Arctic common shares of record at the close of business on January 31, 2017.  The ex-dividend date is January 27, 2017.  The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

For more information, please contact:

Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca

High Arctic Provides Update on Rig Contracts

Calgary, Canada – February 2, 2017 – Tom Alford, President and CEO of High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that pursuant to the Corporation’s press release issued on February 1, 2017, the Corporation and its customer have now executed contract extensions for Rigs 103 and 104, extending the contract terms to July 31, 2017. These extensions have been put in place to allow for continued operations while discussions continue on new long-term contract arrangements.

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation, with the recent acquisition of Tervita Production Services now provides well servicing and engineered services in addition to its snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

For more information, please contact:

Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca

High Arctic Provides Update on Papua New Guinea Operations

Calgary, Canada – February 1, 2017 – Tom Alford, President and CEO of High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to provide an update on its activities in Papua New Guinea (“PNG”).

Rig 104 and Rig 115 continue with their drilling assignments. Rig 103 is finalizing demobilization activities following the completion of its drilling campaign in the Western Province.  Rig 116 remains on standby under contract in Port Moresby.

Discussions continue to progress with the Corporation’s customer regarding a new long-term contract arrangement for Rigs 103 and 104. While these discussions continue, the customer has formally provided notice it intends to extend the contracts up to July 31, 2017 allowing time for the new long-term contract arrangements to be finalized or otherwise terminated in accordance with the existing contracts.

About High Arctic

High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation, with the recent acquisition of Tervita Production Services now provides well servicing and engineered services in addition to its snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

For more information, please contact:

Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca

                       

High Arctic Declares Monthly Dividend

Calgary, Canada – December 19, 2016 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares. The dividend is payable on January 13, 2017 to holders of High Arctic common shares of record at the close of business on December 30, 2016. The ex-dividend date is December 28, 2016. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

About High Arctic
High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.
High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.

For more information, please contact:

Thomas Alford
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca