High Arctic Energy Services Inc.
TSX : HWO

High Arctic Energy Services Inc.

July 20, 2016 16:05 ET

High Arctic Declares Monthly Dividend

CALGARY, ALBERTA--(Marketwired - July 20, 2016) -

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

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 August 12, 2016 to holders of High Arctic common shares of record at the close of business on July 29, 2016. The ex-dividend date is July 27, 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 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.

Contact Information

  • High Arctic Energy Services Inc.
    Tim Braun
    Chief Executive Officer
    587-318-3826
    tim.braun@haes.ca

    High Arctic Energy Services Inc.
    Brian Peters
    Chief Financial Officer
    587-318-2218
    brian.peters@haes.ca