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CALGARY, Alberta, Oct. 15, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the two-year extension of its current credit facility with HSBC (the “Credit Facility”). The Credit Facility maturity date is extended to August 31, 2023 with enhanced flexibility and similar underlying financial covenants and borrowing capacity.

In addition to the Corporation’s existing cash balance, which was $33.5 million … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, Aug. 13, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ second quarter results today.

Highlights

The following highlights the Corporation’s results for Q2-2020 and YTD-2020:

Focus on working capital management to preserve our cash balances and maintain a strong balance sheet during the current global coronavirus (“COVID-19”) crisis has positioned High Arctic to be ready once restrictions loosen through

… Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, Aug. 11, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” will release its 2020 second quarter results on Thursday, August 13, 2020 after markets close.

Financial statements and Management’s Discussion and Analysis will be posted to www.haes.ca and SEDAR after the results are released, after market, Thursday August 13, 2020. Note that no conference call is scheduled for this quarter.

About … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, May 19, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) is pleased to announce the addition of Christopher C. Ames as VP Finance & Chief Financial Officer (“CFO”).

Executive Appointment

Mr. Ames joined the Corporation in February 2020 as VP Finance.  His role was expanded to include that of Interim CFO shortly thereafter and has been intimately involved in developing and … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, May 15, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the results of the annual general and special meeting of the shareholders of High Arctic held on May 14, 2020 (the “Meeting”). 30 shareholders holding a total of 29,020,129 common shares of the Corporation were represented at the Meeting in person or proxy, representing approximately 58.48% of … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, May 14, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ first quarter results today.

HIGHLIGHTS

The following highlights the Corporation’s results for Q1-2020:

Internal promotion of Mike Maguire to CEO to lead the Corporation’s response to the current global crisis.

Revenue of $39.6 million (Q1-2019 $46.5 million) and adjusted EBITDA of $2.7 million (Q1-2019  $5.5 million) for the Quarter.

… Continue Reading

CALGARY, Alberta, May 12, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) will release its first quarter results on Thursday May 14, 2020 after markets close.

Financial statements and Management’s Discussion and Analysis will be posted to www.haes.ca and SEDAR after the results are released, after market, Thursday May 14, 2020. Note that no conference call is scheduled for this quarter. 

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 … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, May 12, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”). 

AGM CONFERENCE CALL DETAILS – Thursday May 14, 2020 at 3pm MST

All shareholders, business analysts and other interested parties are encouraged to listen to the Corporation’s Annual General and Special Meeting (“AGM”) by way of teleconference on Thursday May 14, 2020 at 3pm MST at the following numbers:

In Canada

… Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, April 30, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic”, the “Corporation” or “We”) is pleased to report on outstanding operational safety performance and progress made on previously announced cost reduction measures. 

On April 16, 2020 the Corporation’s Production Services operation with our major customer at Cold Lake, Alberta reached the world-class milestone of seven (7) years Total Recordable Incident Free.  It is our … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (“High Arctic”) announces the appointment of Mike Maguire as Chief Executive Officer effective immediately.  Mike Maguire was formerly the President of International for High Arctic.  The appointment of Mike follows his success in restructuring and leading the International business through growth in 2015 and the contraction of PNG activity in 2018, establishing benchmarks for safe, effective and profitable … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, March 20, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (“High Arctic”) announces today that it will be taking several proactive measures to respond to the uncertainty and expected slowdown of oilfield activity caused by the COVID-19 pandemic and recent changes in oil and gas supply and demand balances. The Company will be reducing fixed overhead and general administrative expenses to allow it to maintain and strengthen its … Continue Reading

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, March 18, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (“High Arctic”) announces that it has received formal notification from our main customer in Papua New Guinea (“PNG”) that it is suspending all drilling operations in the country until further notice.  The customer decision to suspend and defer operations is in reaction to the current low oil & gas prices and the COVID-19 pandemic.  Accordingly, High Arctic is … Continue Reading