News Releases

[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 – November 27, 2019 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that it has made the necessary filings and received the necessary approvals to conduct a normal course issuer bid (“NCIB”) through the facilities of the Toronto Stock Exchange (“TSX”). The TSX has accepted the Corporation’s notice to conduct the NCIB to purchase outstanding common shares on the open market, in accordance with the rules of the TSX.  As approved by the TSX, the Corporation is authorized to purchase up to 2,552,229 common shares, representing approximately 10% of the public float of High Arctic, being 25,522,297 as of November 26, 2019. There were 49,620,098 common shares outstanding as of November 26, 2019.  The maximum number of common shares that High Arctic may purchase on any given day is 5,899 common shares, which represents 25% of the average daily trading volume of 23,598 common shares on the TSX for the six-month period ended October 31, 2019.  High Arctic may also make one weekly block repurchase which exceeds the daily limit subject to prescribed rules. All common shares acquired under the NCIB will be cancelled. The Corporation is authorized to make purchases during the period from December 2, 2019 to December 1, 2020, or until such earlier time as the NCIB is completed or terminated at the option of the Corporation. Any common shares the Corporation purchases under the NCIB will be purchased on the open market through the facilities of the TSX or alternative Canadian markets, at the prevailing market price at the time of the transaction. The Corporation has appointed National Bank Financial as its broker to conduct the NCIB transactions under an automatic purchase plan agreement (“APPA”) dated November 26, 2019.  The APPA will allow National Bank Financial to purchase common shares under the bid during internal blackout periods when the Corporation would normally not be permitted to trade in its shares.  Such purchases will be at the sole discretion of National Bank Financial based on direction received from High Arctic prior to any blackout period and in accordance with all regulatory and securities law. The Corporation believes that from time to time the market price of the High Arctic common shares may not reflect their underlying value and that, at such times, the purchase of common shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders. In addition, the purchases by High Arctic under the NCIB may increase liquidity to the Corporation’s shareholders wishing to sell their common shares. The Corporation’s previous NCIB expired on November 18, 2019 and under that program, a total of 1,643,335 common shares at a weighted average price of $3.65 per share have been repurchased for cancellation. [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

[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 Alberta, November 7, 2019 – High Arctic Energy Services Inc. (TSX: HWO) – “High Arctic” or the “Corporation” is pleased to announce its 2019 third quarter results. Mr. J. Cameron Bailey, High Arctic’s CEO stated: “I’m very proud of the tremendous team we have at High Arctic and the dedication to providing an outstanding quality service with world class safety performance both in North America and Papua New Guinea. Market conditions in Canada continue to be very challenging, with the average land rig count in the third quarter 37% below last year. By focusing on cross-selling each of our service lines, and increasing penetration in the United States, we were able to increase Production Services revenue by 9%. We expect High Arctic to continue to benefit from relatively consistent Well Servicing activity in the fourth quarter, notwithstanding average rig count in Canada remains significantly below levels experienced in 2018. In PNG, the expected ramp up of drilling activities in the fourth quarter of 2019 is now pushed into the new year as Operators finalize the gas agreements with the government of PNG expected later in 2019. The expiry of Rig 116 take-or-pay contract in November of 2018 weighs heavily on year over year comparative financial results. Rigs 115 and 116 are available for immediate reactivation. We made the difficult decision to reduce our support workforce by 10% over the quarter to adjust to more competitive market conditions and have focused on managing our capital expenditures which have been restricted to required repairs and maintenance in order to preserve strong financial position and operate within our cashflow. I want to thank all of our employees for their efforts and devotion to deliver top quality operations, logistics and safety. For this reason, High Arctic has been able to work for some of the world’s top oil and gas companies, increase market share and maintain high equipment utilization rates in tough market conditions.” For the full copy of the release click the link below. High Arctic Reports 2019 Third Quarter Results [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

CALGARY, Alberta, Nov. 01, 2019 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) will release its 2019 third quarter results on Thursday, November 7th, 2019 after markets close and will host a conference call on Friday, November 8th, 2019 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 Jim Hodgson Chief Financial Officer Phone: 587-318-2218 jim.hodgson@haes.ca

[fusion_builder_container hundred_percent=”yes” 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=”0px” margin_bottom=”0px” padding_top=”3%” 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=”” margin_bottom=”” 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 – September 30, 2019  – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to report on outstanding operational safety performance.  Recently the Corporation achieved two million work hours incident free in international operations, twelve months lost time incident free in North America and was recognized by the International Association of Drilling Contractors – Australasian Chapter (“IADC-AC”).  These successes continue to entrench safety in the culture of High Arctic and heighten focus to eliminate unwanted events through collaboration with stakeholders. On August 24th, 2019, High Arctic’s Papua New Guinea (“PNG”) operations reached the world-class milestone of three years Total Recordable Incident Free. On September 26th that milestone extended to two million work hours without significant injury to its people. Not one person needed medical treatment or missed any work time because of a workplace incident. This sustained performance excellence culminated in High Arctic again receiving the IADC-AC Australasian Safety Statistics Award for 2018, which High Arctic also won in 2017 and 2015. On September 25th, 2019, High Arctic’s Canadian operations celebrated a total of twelve months Lost Time Injury Free. Safety performance is a principal focus of operations and North American operations have delivered record results. At Cold Lake, Alberta operations, in conjunction with a key customer, High Arctic has achieved 6.2 years and 1.5 million work hours Recordable Incident Free.  High Arctic made a commitment ten years ago to a quality program based on the idea that doing it right the first time means it will be safe every time.   High Arctic works for many of the world’s top oil and gas companies often in some of the most difficult operating and logistical areas.   Top quality operations, logistics and safety are the reasons the Corporation has been able to maintain these clients, increase market share and maintain high equipment utilization rates in tough market conditions. Many companies have aspirational zero targets for safety. High Arctic has achieved this target in its PNG operations which it has been able to sustain for three years of recordable incident free operations.  Mike Maguire, President – International, said “I am very proud of our Papua New Guinean workforce who consistently prove to the rest of the world-wide oil and gas industry that a quality driven focus on doing things right first time leads to sustained high performance, peer recognition and is beneficial for all stakeholders.  We are glad to make such a positive contribution to an industry so vital to the people of PNG.” High Arctic understands that these achievements do not come by luck. Hard work, dedication to safe work initiatives and skills development through internationally recognised training of its personnel are fundamental to this result. High Arctic recognises the strong community values throughout PNG, Canada and the USA and fosters these values within their business to unite all workers towards a common goal. High Arctic is looking forward to continuing to maintain safety leadership and thanks our supportive clients and all of those who have been involved in and contributed to these safety achievements. 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 more information, please contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@haes.ca Jim Hodgson Chief Financial Officer Phone: 587-318-2218 jim.hodgson@haes.ca [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

[fusion_builder_container hundred_percent=”yes” 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=”0px” margin_bottom=”0px” padding_top=”3%” 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=”” margin_bottom=”” 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 – September 9, 2019  – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) acknowledges the Ministerial Press Statement announcement September 3, 2019 by the Government of Papua New Guinea (“PNG”) validating the Papua LNG Gas Agreement.  High Arctic is pleased with this positive outcome for the project participants, especially the people of PNG. The PNG Cabinet (National Executive Council), has completed its review of the Papua LNG Gas Agreement and has validated the Agreement as executed on April 9, 2019.  The review was announced on July 25, 2019 by the Petroleum Minister following the change of Prime Minister on May 29, 2019 and new ministerial appointments that followed in June. The announced validation by the Petroleum Minister includes new good faith concessions offered by the operator for the Papua LNG joint venture.  The concessions include preparing a detailed National Content Plan, third party pipeline access, possible state participation in pipeline ownership as well as LNG transport tankers. High Arctic has consciously developed its PNG operations to benefit and promote national content. Mike Maguire, President – International, said “We are pleased to advise that our major subcontracts are with PNG companies and that more than 70% of our PNG workforce is now comprised of PNG citizens including several managerial and supervisory roles.  We have been operating a Well Control School and mentoring program in PNG for nearly two years which has been instrumental in developing the skills of our local technical workforce, opening customer opportunities underpinned by a deep understanding of drilling needed in this frontier and challenging drilling landscape.  We are well positioned to contribute to local content plans for petroleum activity in PNG.” With the Government having cleared implementation of the Papua LNG Gas Project “to proceed full steam ahead”, High Arctic anticipates an announcement soon on the PNG LNG expansion project announced by joint venture partners in 2018 to coincide and cohabitate with the Papua LNG processing facilities at the site of the existing two train PNG LNG gas plant. Mr. J. Cameron Bailey, High Arctic’s CEO stated: “High Arctic’s extensive PNG experience, strong local content, technical and logistics capability combined with Tier-1 drilling and well site services assets places us in an excellent position to  contribute to both the Papua LNG Project and PNG LNG expansion as well as the growing backlog of PNG onshore exploration licence commitments which have been deferred over the past 4 years.” 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 more information, please contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@haes.ca Jim Hodgson Chief Financial Officer Phone: 587-318-2218 jim.hodgson@haes.ca [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]