Calgary, Canada – July 25, 2016 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the appointment of Ember Shmitt to the Corporation’s board of directors.
Mrs. Shmitt is currently the Director of Investor Relations at Cyrus Capital Partners, which is a New York based SEC registered investment adviser and currently holds on behalf of the funds it manages approximately 42% of High Arctic’s outstanding shares. She has over 10 years of experience in financial strategy, investor relations, and firm branding. Mrs. Shmitt successfully completed the Chartered Financial Analyst program and has been awarded the CFA designation. Mrs. Shmitt graduated with highest honors from the University of Wisconsin at La Crosse with a Bachelor of Science degree in Finance.
Mr. Binnion states “We are pleased to have Ember join our board who will provide a diverse point of view. Her extensive experience in investor relations will be a valuable addition“
High Arctic also announces that Darren Greer is resigning from the position of President, International Operations in order to pursue another senior executive opportunity in an Australian exploration and production company effective August 19, 2016.
During Darren’s tenure, High Arctic’s international management team was bolstered and as such, the Corporation has no immediate plans to replace Mr. Greer’s role. His duties will be taken on by Tim Braun, President and CEO, and Mike Maguire, Vice President, International Operations.
Mr. Braun states “On behalf of the Board of Directors and Senior Management, I would like to thank Darren for his contributions in the growth of High Arctic’s international operations over the last two years. While Darren’s contributions will be missed, I am confident that Mike and our international team members can continue to successfully lead our international 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 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 more information, please contact:
Chief Executive Officer
Phone: (587) 318-3826
Chief Financial Officer
Phone: (587) 318-2218