High Arctic Energy Services Inc.

High Arctic Energy Services Inc.

August 23, 2005 15:46 ET

High Arctic Announces First Monthly Cash Distribution

RED DEER, ALBERTA--(CCNMatthews - Aug. 23, 2005) - High Arctic Energy Services Trust (TSX:HWO.UN) (the "Trust") today announced the monthly cash distribution for the period July 21, 2005, to August 31, 2005, has been set at $0.1185 per unit. The cash distribution will be paid on September 15, 2005, to unitholders of record on August 31, 2005.

About High Arctic

The Trust, through its subsidiaries, is a global provider of underbalanced oilfield equipment and services, including drilling, completion and workover operations. High Arctic's new underbalanced drilling technology and equipment is recognized for its ability to improve oil and gas production capabilities and is expected to develop greater acceptance in international markets. Based in Red Deer, High Arctic has domestic operations in Alberta, British Columbia and the Northwest Territories. International operations are currently active in the Middle East and former Soviet Republics.

Contact Information