Red Deer, Canada – June 2, 2011 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) today announced its results for the quarter ended March 31, 2011.
High Arctic achieved EBITDA of $10.5 million during the quarter. Commenting on the results, Bruce Thiessen, High Arctic’s CEO said “I am pleased with the strong financial results for the first quarter for both Canada and Papua New Guinea. We continue to see strong demand for our services as the Canadian industry continues to target liquids rich gas to counter the impact of weak natural gas prices. With our new financing facility in place, we can take advantage of emerging opportunities to build on our momentum.”
Further Information
Bruce Thiessen
Chief Executive Officer
Phone: 403 340 9825
Email: bruce.thiessen@dev.haes.ca
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