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=”5%” padding_right=”10%” padding_bottom=”5%” padding_left=”10%”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” class=”” id=””] Calgary, Canada – February 5, 2018 – High Arctic Energy Services Inc. (“High Arctic” or the “Corporation”) is providing the following operational and Papua New Guinea (“PNG”) joint drilling company negotiation status update. Activity for High Arctic’s Concord Service rig operations in Canada remains strong with fourth quarter utilization of 55% and for the month of January 2018 utilization of 65% on its 56 marketed rigs. The activity levels experienced in January 2018 are 12% above those experienced in January 2017.  The Corporation expects continued strong utilization for the first quarter until spring break up. In anticipation of increasing activity in the Corporation’s operations, the board of directors has approved an initial capital budget of $13.3 million for 2018, the majority of which will be utilized as upgrades and replacement for certain equipment in the Corporation’s operating fleet as well as additional investment in rental equipment to support the growth in the Corporation’s Canadian operations. High Arctic continues to progress discussions with its key customer in PNG related to the formation of a joint drilling company in PNG while drilling operations continue under existing operating agreements. The negotiation term under the initial letter of intent has now expired, however, High Arctic and its key customer remain active in progressing discussions relating to the potential formation of a top tier consolidated drilling entity in PNG.  High Arctic will continue to provide further updates as these discussions progress. Mr. J. Cameron Bailey, the Chief Executive Officer of High Arctic stated that, “We are very pleased with the improvement in activity in Canada and the high rig utilization the Corporation has been able to achieve in Canada and PNG while maintaining its stellar safety and performance record. We remain active at reviewing international and domestic acquisition opportunities that complement our existing service offering which may result in increasing the capital budget in 2018.” The Corporation is currently operating a total of five rigs, in PNG three of which are with its key customer. Rig 103 successfully completed its drilling assignment in P’nyang and has commenced demobilization to our forward base in the Southern Highlands where it will await its next assignment. Rig 104 remains on standby in Muruk and is expected to commence movement to its next well shortly. Local landowner issues at the location on which Rig 405 is currently engaged in operations, has resulted in a temporary suspension of operations.  Current expectations are this suspension could last eight to twelve weeks.  High Arctic is working closely with its customer on this matter with the goal to recommence operations as quickly as possible and complete the drilling operations in the most economical manner possible.  During this temporary suspension under the drilling services contract for Rig 405, High Arctic will receive a reduced rate which will largely offset the reduced operating costs during this period, until such time that full operations recommence. Rig 115 is being prepared to mobilize to its drilling assignment in Kimu with an anticipated spud date in April and Rig 116 remains under contract in Port Moresby. Forward-Looking Statements This Press Release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements.  Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions.  Many factors could cause the Corporation’s actual results, performance or achievements to vary from those described in this Press Release.  Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this Press Release include, among others; the recommencement of operations for Rig 405; the Corporation’s ability to negotiate and execute agreements to effect the proposed joint company with its key customer; anticipation of increased activity levels for 2018; estimated capital budget expenditures; commodity prices and the impact they have on industry activity; projections of market prices and costs; and the Corporation’s ability to finance a possible purchase of the customer’s interest in the proposed joint company, treatment under governmental regulatory regimes and political uncertainty and civil unrest.  In addition to the risk factors set out above and elsewhere in this Press Release, readers are directed to the additional risk factors set out in the Corporation’s most recent Annual Information Form filed on SEDAR at www.sedar.com. The forward-looking statements contained in this Press Release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this Press Release.  The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. 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 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. For more information, … Read more

[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″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] Calgary, Canada – January 8, 2018 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to report it did not have a single recordable safety incident in its Papua New Guinea (“PNG”) operations in 2017 and its Canadian operations are celebrating 24 months of Lost Time Injury Free. High Arctic made a commitment almost 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 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 its market share and maintain high equipment utilization rates. On the 24th of August 2017, High Arctic’s PNG operations reached the outstanding milestone of achieving a Total Recordable Incident Case Frequency rate of ZERO. This means during the preceding twelve months and for the rest of 2017 High Arctic’s PNG operations worked over 600,000 man hours without a significant injury to any of its people; not one person needed medical treatment or missed any time at work because of a workplace incident. Many companies have aspirational zero targets for safety. In 2017 High Arctic actually achieved this target in its PNG operations which is now 16 months recordable incident free. Mike Maguire, President – International, said “I am very proud of the way our people have embraced our safe work initiatives, consistently demonstrating a commitment to each other, and working to improve their skills. As an organisation, we value the opportunity we have been afforded to enable this to occur”. High Arctic’s Canadian operations are also celebrating a total of 24 months Lost Time Injury Free, as safety performance continues to be a principal focus of its operations. This comes at a time when the industry has been struggling through a major downturn, the Corporation had an influx of new workers into its operations and utilization has increased.  Combined with a consolidation of product lines through the acquisition of Tervita Production Services in 2016, High Arctic has made some strong improvements in worker training, competency, reporting and operational support. High Arctic understands that this achievement does not come by luck. Hard work, dedication and skills development through internationally recognised training of its personnel are fundamental to this result. High Arctic recognises the strong community values throughout PNG and Canada 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 well into the future and thanks our supportive clients and all of those who have been involved in and contributed to the 2017 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’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 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. For more information, please contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 Email: cam.bailey@haes.ca Brian Peters Chief Financial Officer Phone: 587-318-2218 Email: brian.peters@haes.ca [/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″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] Calgary, Canada – November 27, 2017 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) announces that it has signed a letter of intent with its customer in Papua New Guinea for High Arctic to be awarded a contract to drill two wells with Rig 115. The rig will commence mobilization in Q1 2018 and is expected to be on contract for approximately 180 days. The parties are currently working to finalize the contract for these services, which will be subject to the parties receiving the requisite corporate approvals. Mike Maguire, President International commented “The selection of rig 115 for this cost sensitive project is a result of working closely with our customer to plan the project using lean principals. We are confident that the success of this project will lead to further commitments for rig 115.” Forward-Looking Statements This Press Release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements.  Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions.  Many factors could cause the Corporation’s actual results, performance or achievements to vary from those described in this Press Release.  Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this Press Release include, among others, the Corporation’s ability to finalize and execute the contract for Rig 115 and the Corporation’s opportunity for future commitments for rig 115.  In addition to the risk factors set out above and elsewhere in this Press Release, readers are directed to the additional risk factors set out in the Corporation’s most recent Annual Information Form filed on SEDAR at www.sedar.com. The forward-looking statements contained in this Press Release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this Press Release.  The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. 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 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. For more information, please contact: Michael Binnion Interim President & CEO Phone: 403 807 7375 Email: michael.binnion@z6a.d3d.myftpupload.com Brian Peters Chief Financial Officer Phone: 587-318-2218 Email: brian.peters@z6a.d3d.myftpupload.com [/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″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] Calgary, Canada – November 27, 2017 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the appointment of Mr. J. Cameron Bailey to the position of Chief Executive Officer effective today. Mr. Bailey was most recently Managing Director, Investment Banking at Altacorp Capital responsible for Oil Field Services, Midstream and International Exploration and Development. He has had extensive experience as a founder, senior executive and board member managing the Canadian and international operations of oil field services companies. In addition, Mr. Bailey has relevant experience as a senior executive of public exploration and production companies in North America and emerging markets. He was formerly the founder and CEO of an E&P company operating in South America and founder and Chairman of an oil field services company operating in Canada and the United States. Michael Binnion, Executive Chairman of the Board commented “After an extensive search for a new CEO, we are pleased that Cam has agreed to join High Arctic as our new CEO. We are confident that he will help to continue to deliver on High Arctic’s profitable growth and development while focusing on maintaining our strong safety culture and partnership with our customers.  In addition, Cam’s background and skills are ideally suited to further High Arctic’s focus on business development, both organically and through acquisitions. He shares High Arctic’s vision of efficient and safe operations and our safety culture.  I am pleased to welcome Cam to High Arctic on behalf of the board and it is fortuitous that we are touring our PNG operations this week to introduce him to this key part of our operations.” 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 well servicing, 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. For more information, please contact: Michael Binnion Interim President & CEO Phone: 403 807 7375 Email: michael.binnion@z6a.d3d.myftpupload.com Brian Peters Chief Financial Officer Phone: 587-318-2218 Email: brian.peters@z6a.d3d.myftpupload.com [/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″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] High Arctic Reports 2017 Third Quarter Results [/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″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] Calgary, Alberta October 30, 2017: High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) will release its 2017 third quarter results on Thursday November 9, 2017 after markets close and will host a conference call on November 10, 2017 at 10:30 a.m. MT (12:30 p.m. ET). To access the conference call by telephone, dial: 800-273-9672 or 416-340-2218.  The conference call will be available for replay two hours after the call ends at 1-800-408-3053 and entering passcode 6689294#. It will remain available until November 17, 2017. An audio recording of the call will also be available within 24 hours on the company’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 by newswire. 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 well servicing, 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. For further information contact: Michael Binnion Interim President & CEO Phone: 403-807-7375 Email: michael.binnion@z6a.d3d.myftpupload.com Brian Peters Chief Financial Officer Phone: 587-318-2218 Email: brian.peters@z6a.d3d.myftpupload.com [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]