High Arctic Energy Services Inc.

High Arctic Energy Services Inc.

September 21, 2005 09:09 ET

High Arctic Announces Monthly Cash Distribution

RED DEER, ALBERTA--(CCNMatthews - Sept. 21, 2005) - High Arctic Energy Services Trust (TSX:HWO.UN) (the "Trust") today announced the monthly cash distribution for September 2005 has been set at $0.0875 per unit. The distribution will be paid on October 15, 2005, to unitholders of record as at September 30, 2005. This payment is consistent with the Trust's distribution policy, as stated in its initial public offering prospectus, dated July 11, 2005.

About High Arctic

The Trust, through its subsidiaries, is a global provider of underbalanced well construction services, including drilling, completion, workover operations and integrated project management. 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

  • High Arctic Energy Services Trust
    Shaun Peesker
    Chief Financial Officer
    (403) 309-5657