Red Deer, Canada – June 26, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) has received a letter of award from its primary customer in Papua New Guinea to supply a new 104 man oilfield camp plus a 4 man “pioneer” camp. The heli-portable camp is a new build that will be constructed in Dubai by a supplier with considerable experience in supplying camps of this nature in PNG. A number of design changes will be incorporated to substantially reduce the footprint of the main camp and to make it easier to reassemble when moving to a new location by helicopter. These design changes were the result of a collaborative effort with the customer and should bring substantial cost savings and environmental benefits by reducing the size of the drilling locations. The pioneer camp is a self sufficient camp suitable for a small crew to set up at a new location prior to the arrival of the main camp.
Rolling Stock Assets Are Increased to Meet High Demands
In response to increased work activity, High Arctic increases the PNG rolling stock fleet and HDPE Mat Systems for roads and work sites. Support equipment now includes camps, HDPE Mat Systems, cranes, forklifts and trucks on a rental basis; customers including Oil Search, ExxonMobil, Talisman Energy and Horizon Oil.