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CALGARY, Alberta, May 22, 2018 (GLOBE NEWSWIRE) -- 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 June 14, 2018 to holders of High Arctic common shares of record at the close of business on May 31, 2018. The ex-dividend date is May 30, 2018. 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 has the dominant market position to provide drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services 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:
J. Cameron Bailey President & CEO Phone: 587-318-3826 Email: [email protected]
James Hodgson Chief Financial Officer Phone: 587-318-2218 Email: [email protected]
Total EERC down 13 EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins. The Effective Rig Count fell this month, dropping by 13 to 2,747 effective rigs. Both efficiencies and reported rig counts fell in September, reinforcing the decline in the EERC. The past two months have seen[Read More…]
