CALGARY, ALBERTA--(Marketwired - June 20, 2016) -
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High Arctic Energy Services Inc. (TSX:HWO) ("High Arctic" or the "Corporation") is pleased to announce the appointment of the Honourable Joe Oliver, former Minister of Finance and Minister of Natural Resources for the Government of Canada, to its Board of Directors.
Michael Binnion, Chairman, stated "We are very pleased with the addition of Mr. Oliver to the Board. His experience in the natural resources sector, securities regulations, and the international financial community will be beneficial to the Corporation as it explores expansion both internationally and within Canada."
Mr. Oliver was a federal Member of Parliament from May, 2011 to April, 2015 and served first as Minister of Natural Resources and then as Minister of Finance during his term in office. Previously, he was a senior investment banker with Merrill Lynch, Nesbitt Thomson and First Marathon and has served as Executive Director of the Ontario Securities Commission and as the President and CEO of the Investment Dealers Association of Canada. Recently, Mr. Oliver was appointed Distinguished Senior Fellow of the Montreal Economic Institute and Chairman of the Advisory Board at Origin Merchant Partners, an investment bank. He received a Bachelor of Arts degree and a Bachelor of Civil Law degree from McGill University and an MBA from the Harvard Business School in 1970.
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 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.