July 20, 2016 - 4:05 PM EDT
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High Arctic Declares Monthly Dividend

CALGARY, ALBERTA--(Marketwired - July 20, 2016) -

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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 $0.0165 per share to holders of common shares. The dividend is payable on August 12, 2016 to holders of High Arctic common shares of record at the close of business on July 29, 2016. The ex-dividend date is July 27, 2016. The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes. 

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. 

High Arctic Energy Services Inc.
Tim Braun
Chief Executive Officer
587-318-3826
tim.braun@haes.ca

High Arctic Energy Services Inc.
Brian Peters
Chief Financial Officer
587-318-2218
brian.peters@haes.ca


Source: Marketwired (July 20, 2016 - 4:05 PM EDT)

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