Red Deer, Canada – July 18, 2011 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the appointment of Mr. Bruce Thiessen to the Board of Directors of the Corporation. Mr. Thiessen is the Chief Executive Officer of High Arctic and has filled that role since December, 2008. He has been a key part of High Arctic since 1993 and instrumental in its growth.
High Arctic is also pleased to announce the appointment of Mr. Robert Morin as Chief Financial Officer effective on July 18, 2011. Mr. Morin is a Chartered Accountant and has held senior financial positions with oilfield services business for the past 12 years. Those positions have included the role of Chief Financial Officer with a publicly traded entity and Vice President, Finance with several other companies. Most recently, Robert served as Vice-President Finance and Treasurer with a large publicly traded drilling contractor.
Forward-Looking Statements
This news release may contain forward-looking statements relating to expected future events and financial and operating results of the Corporation 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 market and general economic conditions and the risks and uncertainties detailed in both the Corporation’s Management Discussion and Analysis for the year ended December 31, 2010 and the Annual Information Form for the year ended December 31, 2010 found on SEDAR (www.sedar.com). Due to the potential impact of these factors, the Corporation 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 Corporation, through its subsidiaries, is a provider of specialized oilfield equipment and services, including drilling, completion and workover operations. Based in Red Deer, Alberta, High Arctic has domestic operations throughout Western Canada and international operations primarily in Papua New Guinea.
Further Information
Bruce Thiessen
Chief Executive Officer
Phone: 403 340 9825
Email: bruce.thiessen@dev.haes.ca