News Releases – Page 29 – High Arctic Energy Services

High Arctic Reports 28% increase in 3rd Qtr EBITDA

November 20, 2024November 14, 2012 by Jay Wilcox

Red Deer, Canada – November 14, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) today announced its operating and financial results for the third quarter of 2012.

High Arctic continued its strong year over year growth in revenue, EBITDA and net earnings in the third quarter of 2012. Adjusted EBITDA increased 28% to $10.1 million in the quarter and by 33% to $29.6 million for the nine months ended September 30, 2012 as compared to the same periods of last year. Papua New Guinea generated higher revenue and contributed to the strong showing in the quarter as the Company continued to benefit from the capital additions made during 2011 and early 2012.

High Arctic Announces Extension & Amendment of Credit Facilities

November 20, 2024October 26, 2012 by Jay Wilcox

Red Deer, Canada – October 26, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that it has now completed an extension and amendment of its credit facilities with its current lender that provides improved borrowing terms. The main components of the new two year committed credit facilities are a $30 million revolving loan and a $5 million revolving operating loan. The effective date of the amended credit facilities is October 1, 2012 and the maturity date of both main components is August 31, 2014. The credit facilities continue to be secured by all of the assets of High Arctic and by guarantees given by its material foreign subsidiaries.

High Arctic Declares Monthly Dividend

November 20, 2024October 19, 2012 by Jay Wilcox

Red Deer, Canada – October 19, 2012– High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.01 per share to holders of common shares. The dividend is payable on November 14, 2012, to holders of High Arctic common shares of record at the close of business on October 31, 2012. The ex-dividend date is October 29, 2012.The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

High Arctic Announces Executive Changes

November 20, 2024October 1, 2012 by Jay Wilcox

Red Deer, Canada – October 1, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) announces that Robert Morin is leaving his position as Chief Financial Officer effective immediately. Dennis Sykora, Executive Vice President and General Counsel, will be acting Chief Financial Officer while a suitable replacement is recruited. Dennis has provided financial leadership at High Arctic during the past 5 years.

High Arctic Declares Monthly Dividend

November 20, 2024September 18, 2012 by Jay Wilcox

Red Deer, Canada – September 18, 2012– High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.01 per share to holders of common shares. The dividend is payable on October 12, 2012, to holders of High Arctic common shares of record at the close of business on September 28, 2012. The ex- dividend date is September 26, 2012.The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

High Arctic Declares Monthly Dividend

November 20, 2024August 21, 2012 by Jay Wilcox

Red Deer, Canada – August 21, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.01 per share to holders of common shares. The dividend is payable on September 14, 2012, to holders of High Arctic common shares of record at the close of business on August 31, 2012. The ex-dividend date is August 29, 2012.The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

High Arctic Reports 33% increase in EBITDA to $5.2 Million

November 20, 2024August 13, 2012 by Jay Wilcox

Red Deer, Canada – August 13, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) today announced its operating and financial results for the second quarter of 2012.

High Arctic continued its strong year over year growth in revenue, EBITDA and net earnings in the second quarter of 2012. Adjusted EBITDA increased 33.3% to $5.2 million in the quarter and by 35.4% to $19.5 million for the six months to June 30 as compared to the same periods of last year.

High Arctic Declares Monthly Dividend

November 20, 2024July 20, 2012 by Jay Wilcox

Red Deer, Canada – July 20, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.01 per share to holders of common shares. The dividend is payable on August 14, 2012, to holders of High Arctic common shares of record at the close of business on July 31, 2012. The ex-dividend date is July 27, 2012.The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

High Arctic Announces New Camp for PNG

November 20, 2024June 26, 2012 by Jay Wilcox

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.

High Arctic Announces Monthly Dividend

November 20, 2024May 17, 2012 by Jay Wilcox

Red Deer, Canada – May 17, 2012 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved the implementation of a dividend policy that provides for the payment of a monthly dividend. The Board of Directors has declared the Corporation’s first monthly dividend at a rate of $0.01 per share, payable on June 14, 2012, to holders of High Arctic common shares of record at the close of business on May 31, 2012. This equates to an annual dividend of 12 cents per share. The ex-dividend date is May 29, 2012. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.

High Arctic Reports 28% increase in 3rd Qtr EBITDA

High Arctic Announces Extension & Amendment of Credit Facilities

High Arctic Declares Monthly Dividend

High Arctic Announces Executive Changes

High Arctic Declares Monthly Dividend

High Arctic Declares Monthly Dividend

High Arctic Reports 33% increase in EBITDA to $5.2 Million

High Arctic Declares Monthly Dividend

High Arctic Announces New Camp for PNG

High Arctic Announces Monthly Dividend

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