2013

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 signs a new contract in PNG Calgary, Canada – December 20, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce that it has signed a contract for the utilization of Rig 103.  The contract continues the Company’s focus on developing a broad service offering in Papua New Guinea (“PNG”). Kevin Doran, President International, commented; “We are excited to be awarded the contract to drill wells for a new customer. We continue to be recognized as a leading oil field services provider in PNG due to our in-country experience and the safe and effective delivery of services.” The contract is expected to take approximately one year to complete on the current timeline. The equipment included in the agreement includes Rig 103, the Rig 103 leap frog rig, a 93 man main camp and a 32 man leap frog camp and High Arctic owned drilling support equipment and matting.   Forward-Looking Statements This news release may contain forward-looking statements relating to expected future events and anticipated financial and operating results of the Company that involve risks and uncertainties. Actual results may differ materially from management expectations, as projected in such forward-looking statements, for a variety of reasons, including, but not limited to, market and general economic conditions, and the risks and uncertainties detailed in both the Company’s Management Discussion and Analysis for the year ended December 31, 2012 and the Annual Information Form for the year ended December 31, 2012 found on SEDAR (www.sedar.com). Due to the potential impact of these factors, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.   About High Arctic The Company is a provider of specialized oilfield equipment and services for drilling, completion and work over operations. Based in Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea.  The Company’s most recent investor presentation can be found at haes.ca.   Further Information Ken Olson Chief Financial Officer Phone: 403-508-7836 ext 103 Email: ken.olson@dev.haes.ca  

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 Announces Executive Addition Red Deer, Canada – December 2, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce the appointment of Michael Maguire as Vice President, International. Based in Australia, Michael will be responsible for the day to day management of the business in Papua New Guinea (“PNG”) and will report to Kevin Doran President, International. Kevin Doran, stated “Mike is a proven leader and brings with him a wealth of experience and a passion for safety that will strengthen our team in PNG. The addition of his skills will help us continue to take advantage of the growing opportunities in the country.” Michael has almost 20 years of oil field experience, the last seven years with a large Australian oilfield service company where he held a number of senior management positions. Michael holds a Bachelor’s Degree (Hons) in Petroleum Engineering from the University of New South Wales, and is a former Vice Chairman of the Australian chapter of the International Association of Drilling Contractors. About High Arctic The Company is a provider of specialized oilfield equipment and services, including drilling, completion and workover related services. Based in Alberta, High Arctic has domestic operations throughout western Canada and international operations in Papua New Guinea. The Company’s most recent investor presentation can be found at haes.ca/invest-in-us . Further Information Ken Olson Chief Financial Officer Phone: 403-508-7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

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 Reports consistent year over year EBITDA  Red Deer, Canada – November 14, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) today announced its operating and financial results for the quarter ended September 30, 2013. Highlights During the first nine months of 2013 the Corporation’s efforts resulted in the following achievements: The Corporation completed its negotiations for the extensions of contracts that cover the drilling operations for Rigs 103 and 104 in PNG and the drilling support services related to the supply of personnel and rental equipment to support the related drilling.  The extensions are effective July 1, 2013 for a three year term to June 30, 2016. High Arctic entered into a contract with a major Canadian global upstream oil and gas company to provide equipment and services to their primary staging area in the southern forelands of PNG for a minimum of one year. Revenues from rentals were $20.2 million for the nine months ended September 30, 2013, a 37% increase from the $14.5 million received for the same period in 2012.  By year end, the Corporation will have over 10,000 Dura-Base® mats in PNG, virtually all under contract. Revenues increased by 6% to $114.0 million for the first nine months of 2013 as compared to the nine months ended September 30, 2012. Adjusted EBITDA stayed consistent for the first nine months of 2013 as compared to the same period in 2012 at $29.0 million (2012 – $29.6 million) and was $9.8 million for the three months ended September 30, 2013 as compared to $10.1 million for the same period in 2012 and would have been higher if not for a fire which occurred on the UB250K unit. High Arctic increased its monthly dividend to $0.0125 per share in March, 2013.  The annual dividend could total approximately $7.5 million, which represents an annualized rate of 21% of funds provided from operations during the trailing twelve months ended September 30, 2013. Commenting on the results, Dennis Sykora, High Arctic’s Chief Executive Officer, stated: “Our diversified services offerings in PNG have continued to be beneficial for the Company throughout 2013.  The growth that we’ve seen in PNG this year has been sufficient to offset the challenging Canadian market and the loss of revenues from the UB250K rig through the first nine months of the year. In spite of these challenges, we have been able to deliver consolidated results consistent with last year.” Revenues for the first nine months of 2013 increased by 6% to $114.0 million compared to $107.6 million for the nine months ended September 30, 2012.  The growth in revenue for the period was driven by increased activity in PNG with revenues of $85.9 million compared to $71.2 million for the first nine months of 2012 ($27.7 million for the three months ended September 30, 2013; $22.6 million for the three months ended September 30, 2012) as a result of having a second active drilling rig and a larger fleet of rental equipment in 2013.  Revenues derived from PNG’s rental fleet contributed approximately $20.2 million for the first nine months of 2013 (2012 – $14.5 million). The operations in PNG generated significantly higher revenue in the first nine months of 2013 which offset the slower activity levels in the Canadian operation.   Despite increased revenues, adjusted EBITDA decreased slightly to $29.0 million for the nine months ended September 30, 2013 from $29.6 million for the same period in 2012 due primarily to a reduction in the Canadian operating margin attributable to overall reduced industry activity levels. Revenue for Canada was $8.6 million for the third quarter of 2013 (2012 – $13.2 million).  For the first nine months of 2013, revenues decreased by $8.3 million (23%) from the same period in 2012 due to reduced revenue levels from both the core snubbing and nitrogen businesses which was consistent with the overall industry activity slowdown.   The operating margins in Canada were adversely affected by the reduced revenue levels and by competitive pricing conditions primarily in the nitrogen operations. Consolidated oilfield services operating margins continued to be strong at 32% of revenue for the nine months but fell slightly from 34% earned for the nine months ended September 30, 2012.  The percentage was affected by the higher rig rental costs associated with operating an additional active rig in PNG for the first half of 2013 and the lower operating margins in Canada which caused the overall reduction of $0.5 million in the operating margin.   Selected Comparative Financial Information The following is a summary of selected financial information of the Corporation.  All figures are derived from financial information that is prepared or presented in accordance with International Financial Reporting Standards (“IFRS”): Selected Quarterly Consolidated Financial Information (Three Months Ended) The following is a summary of selected financial information of the Corporation for the last eight completed quarters: Outlook The PNG LNG project continues to be on schedule to deliver first gas towards the end of 2014 which remains the focus of our main customer and their partners in the facility.  The long term outlook in PNG continues to be favourable as the LNG production will be an important cash flow stream available to be invested in new projects. High Arctic continues to pursue potential drilling opportunities with other operators in PNG and is awaiting updates by our main customer regarding their drilling program for 2014. The realization of such opportunities could mean a return to two rigs operating at some point in 2014.  In the interim, our customer continues to operate one drilling rig full time. Rig 102 was active throughout 2012 and through the first nine months of 2013.  Indications from our customer are that Rig 102 will continue working through much of the fourth quarter of 2013 and then stacked at a … Read more

High Arctic Announces Executive Changes Red Deer, Canada – November 13, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) announces that Mr. Bruce Thiessen is retiring as Chief Executive Officer, and will no longer be on High Arctic’s Board of Directors. The Board is pleased that Bruce has agreed to remain with High Arctic on an indefinite consulting basis to provide executive marketing support for the Canadian operation. Mr. Michael Binnion, Chairman of High Arctic’s Board of Directors, commented; “We are very appreciative of all that Bruce has done for High Arctic during his 20 year career with us. He has been instrumental in building the Canadian business and taking on the challenges of the CEO role over the past five years and I am delighted that he will continue to play a role. High Arctic has an excellent management team in place to continue to grow and build its business both in Canada and in Papua New Guinea.” Dennis Sykora will assume the role of interim Chief Executive Officer while High Arctic searches for a permanent CEO. As well as being a member of the Board of Directors, Dennis has served in various executive capacities with High Arctic since April 2007, most recently as Executive Vice President. The Governance and Nominating Committee will oversee the selection of a permanent CEO. The Executive Committee will be responsible for the development and execution of the strategic direction of the Company. The Executive Committee is comprised of two independent directors, Michael Binnion and Daniel Bordessa, together with four executives, Dennis Sykora, Kevin Doran, Ken Olson and Dan Beaulieu. High Arctic is also pleased to announce that Mr. Dan Beaulieu has been promoted to Chief Operating Officer, Canada, and will have overall responsibility for the Canadian operations. Dan has been Vice President, Canadian Operations for almost two years and has over 35 years industry experience. About High Arctic The Corporation is a global provider of specialized oilfield equipment and services, including drilling, completion and workover related services. Based in Red Deer, Alberta, High Arctic has domestic operations throughout western Canada and international operations in Papua New Guinea. Further Information Ken Olson Chief Financial Officer 403 508 7836 ext 103 ken.olson@dev.haes.ca

Red Deer, Canada – August 14, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) today announced its operating and financial results for the quarter ended June 30, 2013. First Half Highlights During the first half of 2013 the Corporation saw the following achievements: Completed the negotiations for the extensions of contracts that cover the drilling operations for Rigs 103 and 104 in Papua New Guinea (“PNG”) and the drilling support services related to the supply of personnel and rental equipment to support the related drilling.  The extensions are effective July 1, 2013 for a three year term to June 30, 2016. Deployed a new 104 man heli-portable camp in PNG in January, 2013, under the terms of a three year contract. Adjusted EBITDA was $6.6 million for the three months ended June 30, 2013 as compared to $5.2 million for the same period in 2012 and stayed consistent for the first half of 2013 at $19.2 million (2012 – $19.5 million).·  Increased revenue by 8% to $77.7 million for the first half of 2013 as compared to the six months ended June 30, 2012 (11% increase to $32.9 million for the three months ended June 30, 2013 as compared to the same period in 2012).  Increased the monthly dividend to $0.0125 per share in March, 2013, a 25% increase from the previous monthly dividend amount. Commenting on the results, Bruce Thiessen, High Arctic’s Chief Executive Officer, stated: “In spite of a prolonged spring break-up in Canada which resulted in lower activity levels compared to the prior year, the Corporation was able to increase both year-over year consolidated revenue and EBITDA in the second quarter due to the strong performance of our PNG operations.  Despite the challenges inherent in working in PNG, our business there continues to grow and we see long term opportunities continuing to develop in the country. ” Consolidated revenue for the first six months increased 8% to $77.7 million compared to $71.8 million for the first half of 2012.  The growth in revenue for the period was driven by increased activity in PNG with revenues of $58.2 million compared to $48.6 million for the first six months of 2012 ($28.3 million for the three months ended June 30, 2013; $25.1 million for the three months ended June 30, 2012) as a result of having a second active drilling rig operating in the first half of 2013.  The Corporation continues to see increased revenues derived from its rental fleet with growth of approximately $2.6 million from its rental operations in PNG contributing to increased revenues for the first six months of 2013. The operations in PNG generated significantly higher revenue in the first half of 2013 which offset the slower activity levels in the Canadian operation.   Despite increased revenues, adjusted EBITDA decreased 3% to $19.2 million for the six months ended June 30, 2013 from $19.5 million for the same period in 2012 due primarily to a reduction in the Canadian operating margin attributable to normal spring break-up and an overall reduced industry activity level. Revenue for Canada was $4.6 million for the second quarter of 2013 (2012 – $4.5 million).  For the first six months of 2013, revenues decreased by $3.7 million (16%) for the same period in 2012 due to reduced revenue levels in the first quarter from the core snubbing and nitrogen businesses as both activities were softer with overall industry activity down.   The operating margins in Canada were adversely affected by the reduced revenue levels and by competitive pricing conditions primarily in the nitrogen operations. Consolidated oilfield services operating margins continued to be strong at 30% of revenue for the six months but fell slightly from 33% earned for the six months ended June 30, 2012.  The percentage was affected by the higher rig rental costs associated with operating an additional active rig in PNG in 2013 and the lower operating margins in Canada which caused the overall reduction of $0.4 million of operating margin. As a result of its continued strong financial results, High Arctic increased its monthly dividend to $0.0125 per share in March, 2013, a 25% increase from the previous monthly dividends paid.  At this monthly rate, the annual dividend will total approximately $7.5 million, which represents an annualized rate of 22% of funds provided from operations during the trailing twelve months ended June 30, 2013. At June 30, 2013, the Corporation had $19.6 million of net cash on hand (June 30, 2012 – $12.6 million) and working capital of $38.2 million (June 30, 2012 – $31.7).  The Corporation also continues to generate strong cash flows from its operations.  For the six months ended June 30, 2013, High Arctic generated $16.3 million (2012- $16.8 million) of funds provided from operations. Selected Comparative Financial Information The following is a summary of selected financial information of the Corporation.  All figures are derived from financial information that is prepared or presented in accordance with International Financial Reporting Standards (“IFRS”):     Three Months Ended June 30   Six Months Ended June 30   $ millions (except per share amounts) 2013 2012 Change %   2013 2012 Change % Revenue 32.9 29.6 3.3 11   77.7 71.8 5.9 8 EBITDA(1) 6.3 4.6 1.7 37   18.7 18.6 0.1 1 Adjusted   EBITDA(1) 6.6 5.2 1.4 27   19.2 19.5 (0.3) (2) Operating   earnings 3.5 2.3 1.2 52   13.3 14.0 (0.7) (5) Net   earnings 2.1 5.7 (3.6) (63)   10.5 16.4 (5.9) (36)      per share   (basic)(2) 0.04 0.12 (0.08)   0.22 0.36 0.14      per share   (diluted)(2) 0.04 0.12 (0.08)   0.21 0.35 0.14     Funds   provided by operations(1) 5.1 3.4 1.7 50   16.3 16.8 (0.5) (3)      per share   (basic)(2) 0.11 0.07 (0.04)   0.34 0.36 (0.02)        per share   (diluted)(2) 0.10 0.07 (0.03)   0.33 0.35 (0.02)   Dividends   1.8 0.5 1.3     3.4 0.5 2.9   Capital   expenditures 4.9 5.3 (0.4) … Read more