Jay Wilcox – Page 10 – High Arctic Energy Services

High Arctic Announces Annual General and Special Meeting Results

[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%” type=”legacy”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”true” border_sizes_top=”” border_sizes_bottom=”” border_sizes_left=”” border_sizes_right=”” first=”true” type=”1_1″][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” class=”” id=””] Calgary, Canada – May 15, 2020 – 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 the total votes attached to all issued and outstanding common shares of the Corporation as of the record date on April 8, 2020.  Voting on all matters at the Meeting was conducted by a show of hands other than the election of directors, the approval of the grant of unallocated units and deferred share units, which were conduct by ballot.  All matters put forth at the Meeting were approved. In respect of the election of directors, the shareholders approved fixing the number of directors at six with each nominee named in the Corporation’s management information circular dated April 8, 2020 being considered for election as directors.  The detailed results of the vote for the election of directors, which was conducted by ballot, are set out below: VOTES FOR VOTES WITHHELD/ABSTAINED Michael R. Binnion 99.52% (28,879,233) 0.48% (138,101) Simon P. D. Batcup 99.37% (28,835,513) 0.63% (181,821) Daniel J. Bordessa 96.72% (28,065,482) 3.28% (951,852) Honourable Joe Oliver 99.34% (28,825,714) 0.66% (191,620) Ember W.M. Shmitt 99.52% (28,877,414) 0.48% (139,920) Douglas J. Strong 99.46% (28,860,213) 0.54% (157,121) In addition to the annual resolutions, including the re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors, resolutions were passed approving the unallocated units under the Corporation’s PSU plan and the unallocated deferred share units under the Corporation’s DSU plan. 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, snubbing and other services to the oil and gas industry. For further information contact: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Save Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

High Arctic Announces 2020 First Quarter Financial and Operating Results

[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_size=”” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” class=”” id=””] Calgary, Canada – May 14, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ first quarter results today. RECENT GLOBAL DEVELOPMENTS 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. – Implementation of programs with a target to reduce annualized cash outflows by $25 million compared to 2019. – Deliverance of top-tier quality essential services to our core customers during the onset of the crisis to maintain our base business. – Strict oversight of working capital to manage our cash balances and maintain a strong balance sheet through the crisis. Mike Maguire, Chief Executive Officer commented: “We are in challenging times, but we have a corporate culture of delivering high quality services for our customers. Our team is focused on keeping our base business and balance sheet strong to ensure we are ready to excel in the recovery when it comes.” The Corporation’s strategic priorities for 2020 include: – Safety excellence and a focus on quality through global standards, including safeguarding our people against COVID-19. – Reinforcement of existing core markets evidenced by top-tier customer market share in Canada and PNG. – Cost control focused on operating cash flow while balancing strategic priorities, to emerge from the current conditions ready to reactivate and grow. – Capital stewardship characterized by disciplined working capital management and capital allocation to maintain value for shareholders including common share buybacks, where appropriate. The unaudited interim consolidated financial statements (“Financial Statements”) and management discussion & analysis (“MD&A”) for the quarter ended March 31, 2020 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at haes.ca. Non-IFRS measures, such as EBITDA, Adjusted EBITDA, Adjusted net earnings (loss), Oilfield services operating margin, Operating margin %, Percent of revenue, Funds provided from operations, Working capital and Net cash are included in this News Release. See Non-IFRS Measures section, below. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated. Within this News Release, the three months ended March 31, 2020 may be referred to as the “Quarter” or “Q1-2020”. The comparative three months ended March 31, 2019 may be referred to as “Q1-2019”. References to other quarters may be presented as “QX-20XX” with X being the quarter/year to which the commentary relates. For the full copy of the release click the link below. Q1 2020 News Release [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

High Arctic to Announce First Quarter Results

CALGARY, Alberta, May 12, 2020 – 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 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 completion services, equipment rentals and other services to the oil and gas industry. High Arctic is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The North American operations provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada and the United States. For further information contact: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca

High Arctic Annual General and Special Meeting Conference Call

CALGARY, Alberta, May 12, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic”, the “Corporation” or “We”). 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 and the United States – 1-800-289-0459; Conference ID 891508# In Australia – 1-800-590-693; Conference ID 891508# Please dial into the conference call 10 minutes before the start of the call.  The meeting may not begin until a few minutes after 3pm.  The High Arctic’s First Quarter results are anticipated to be issued after markets close on Thursday May 14, 2020, and should shareholders or analysts wish to contact the Corporation, contact details are noted at the bottom of this News Release. The Corporation continues to monitor the development of the current coronavirus outbreak (“COVID-19”). In light of the rapidly evolving public health guidelines related to COVID-19 and in order to comply with the measures imposed by the federal and provincial governments, the Corporation strongly encourages shareholders to VOTE BY PROXY rather than attend the meeting in person through one of the following channels: Telephone: Call the number provided on your proxy, which was mailed to each shareholder; or Online: Visit the website provided on your proxy, mailed to each shareholder; or By Mail: Please complete and sign the form of proxy, mailed to each shareholder, in the envelope that was provided in the mailout, to the Corporation’s transfer agent, Computershare Investor Services Inc., Proxy Department, 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1. All votes must be received by 3:00 p.m. (MST) on Tuesday May 12, 2020.  Late proxies may be accepted or rejected by the Chairman of the AGM at his discretion, and the Chairman is under no obligation to accept or reject late proxies. While registered Shareholders and proxyholders are entitled to attend the Meeting in person, we reserve the right to limit the number of people at the AGM to such number of attendees as is permitted under Alberta law, as a result of COVID-19. If you hold your Common Shares in a brokerage account, you are a non-registered Shareholder or beneficial Shareholder. Beneficial Shareholders who hold their Common Shares through a bank, broker or other financial intermediary should carefully follow the instructions found on the form of proxy or voting instruction form provided to them by their intermediary, in order to cast their vote. Your participation as a Shareholder is very important to the Corporation.  Please ensure your Common Shares are represented at the AGM. 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. For further information contact: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca

High Arctic Continues Outstanding Safety Performance and Updates Cost Initiatives

CALGARY, Alberta, April 30, 2020 – 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 largest single operation with many of the Corporation’s well servicing rigs on contract with a top-tier major customer.  Over the seven years, the team amassed 1.64 million safe work hours where not one person needed medical treatment or missed any work time because of a workplace incident. This latest milestone in Canada aligns with continued outstanding safety performance by High Arctic’s operations in Papua New Guinea which currently sits at over 2.3 million safe work hours. Don Pack; Executive Vice President of the Company reflected on these achievements: “These successes continue to prove that our focus on quality, throughout world-wide operations and at every level in our business, is building a safe work culture at High Arctic that gets challenging work done right the first time and without injury”. High Arctic has been quick to move in reducing costs in an attempt to preserve cash resources in the current challenging market conditions.  In the past month, decisive action has been taken to address overhead costs.  We combined North American and International business unit management and eliminated approximately half the cost of executive and senior management.  This action was followed quickly by a reduction of one-third (1/3) of indirect support and G&A head count across Canada, the USA, Papua New Guinea and Australia.  These measures followed the previous announcement suspending High Arctic’s dividend to shareholders and reducing Board of Director fee remuneration by 20%. Mike Maguire, Chief Executive Officer of High Arctic commented: “Our sights remain firmly set on the health and well-being of employees, the communities in which we operate, suppliers and customers during the evolving global pandemic. The business realities associated with suddenly lower oil prices and customer demand gave us cause to identify that we must cut significant indirect costs out of our business. I am pleased that we have been able to do so while not impacting our front-line workers and their families.  Reduced activity levels have already impacted too many of Alberta’s best, and we have focused on streamlining management and support to improve efficiency and eliminate waste.  It gives all of the High Arctic family reason to be proud when we can reduce costs and heighten efficiency all the while preserving our world-class safety culture”. 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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Canadian and US operations provide well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada and the United States. For further information contact: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca

High Arctic Appoints Mike Maguire as Chief Executive Officer

CALGARY, Alberta, March 23, 2020 – 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 delivery of service to top shelf customers. Michael Binnion, Executive Chairman of the Board commented, “With the turn down in business throughout the organization, the Board decided to consolidate our top end management for efficiency and cost reduction. We want to reinforce our operational emphasis on our front-line workers who deliver our service and maintain our industry leading safety record. The Board thanks Cam Bailey for his service over the last two years. No one could have foreseen the disruptive market factors that have led to this global downturn. We are committed to preserving our balance sheet while supporting our customers who are also going through difficult adjustments to the current crisis.” The Company has also appointed an Executive Committee of the Board of Directors, with Michael Binnion as Chairman. The committee will be comprised of Michael Binnion, Dan Bordessa and Doug Strong. The Company has implemented a 20% reduction in Board compensation effective April 1, 2020. 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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Canadian and US operations provide well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada and the United States. For further information contact: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca

High Arctic Provides Notice of Dividend Suspension and Operations Update

CALGARY, Alberta, March 20, 2020 – 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 already strong balance sheet. In addition, the Company is suspending the monthly dividend until further notice. A dividend was declared on February 19, 2020 amounting to $0.0165 per share and paid on March 13, 2020.  The total dividends paid in 2019 was $9.9 million amounting to $0.20 per share. High Arctic is an industry leader in the markets it operates and believes the Production Services segment, with a large portion of its activities focused on thermal oil production services, will sustain a reasonable level of activity through the downturn. High Arctic has maintained a strong balance sheet with no debt, approximately $19 million of cash, and working capital of $38 million. This provides the Company with the resilience necessary to take advantage of opportunities in this difficult environment. We expect that these actions taken by High Arctic allow it to strengthen its operations and continue to be an industry leader in these uncertain times. 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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Canadian and US operations provide well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada and the United States. For further information contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@haes.ca Chris Ames Vice President Finance &  Interim Chief Financial Officer Phone: 587-318-2218 chris.ames@haes.ca

High Arctic Provides an Update on Papua New Guinea Operations

CALGARY, Alberta, March 18, 2020 – 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 working with our customer to safely conclude work on active sites including suspension of a well currently under construction. We are releasing effected personnel under a joint plan and expect to phase-down rig operations for this customer by the end of April. With the current outlook for continued low oil & gas prices it is unclear when any PNG drilling activity might re-commence. High Arctic has implemented plans to reduce the dependence on international rotational staff for the remainder of its business operations in PNG. The Company’s focus on developing a strong National workforce positions us well to provide labour solutions for both short term work and on-going essential operations. High Arctic remains under contract through mid 2021 for drilling services and these recent developments are expected to defer drilling into 2021, at a minimum. Long term, it remains encouraging that customer dialogue with the PNG Government on the P’nyang Gas Agreement, which is required for LNG expansion and higher industry well site activity, is reportedly ongoing at this time. While these developments negatively impact Drilling and Ancillary Services operating segments for High Arctic, business continuity remains a fundamental priority. High Arctic is positioning its PNG business to preserve its excellent workforce, maintain quick rig reactivation capabilities and control costs to maintain financial flexibility. 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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Canadian and US operations provide well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada and the United States. For further information contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@haes.ca Chris Ames Vice President Finance &  Interim Chief Financial Officer Phone: 587-318-2218 chris.ames@haes.ca

High Arctic Announces 2019 Fourth Quarter and Year End Financial and Operating Results

[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_size=”” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” class=”” id=””] Calgary, Canada – March 12, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”). The audited consolidated financial statements, management discussion & analysis (“MD&A), and annual information form for the year ended December 31, 2019 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at haes.ca. Non-IFRS measures, such as EBITDA, Adjusted EBITDA, Adjusted Net Earnings (Loss), Operating margin % and working capital are included in this News Release. See Non-IFRS Measures section, below. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated. RECENT GLOBAL DEVELOPMENTS First quarter 2020 global events have significantly impacted the global economy and weakened High Arctic’s near-term outlook. The spread of the COVID-19 virus around the world in combination with OPEC’s inability to contain global oil supply during early March 2020 has significantly undermined commodity prices, customer cash flows and investor confidence. Further, the influence of these recent developments and the impact to our customers’ capital spending budgets, as well as their ability to pay for work completed on a timely basis is currently unknown and may have a significant impact on High Arctic’s financial operating results. For the full copy of the release click the link below. High Arctic Reports 2019 Fourth Quarter and Year End Financial and Operating Results [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

High Arctic to Announce Fourth Quarter Results and Host Q4 Conference Call

CALGARY, Alberta, March 5, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) will release its 2019 fourth quarter results on Thursday, March 12, 2020 after markets close and will host a conference call on Friday, March 13, 2020 at 9:00 a.m. MT (11:00 a.m. ET). To access the conference call by telephone, dial: 1-800-273-9672 or 416-340-2216 The conference call will be available for replay two hours after the call ends at 1-800-408-3053 and entering passcode 1137217# and will remain available until December 8, 2019. An audio recording of the call will also be available within 24 hours on High Arctic’s website at haes.ca. Financial Statements and Management’s Discussion and Analysis will also be posted to haes.ca and SEDAR after the results are released. 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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Canadian and US operations provide well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada and the United States. For further information contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@haes.ca Chris Ames Vice President Finance &  Interim Chief Financial Officer Phone: 587-318-2218 chris.ames@haes.ca