NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWCALGARY, Alberta, May 18, 2018 — High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the “Company”) is pleased to announce that Mr. J. Cameron Bailey, CEO of High Arctic, has been appointed to High Arctic’s board of directors effective today. Mr. Bailey joined High Arctic as Chief Executive Officer on November 27, 2017. He has had extensive experience as a founder, senior executive and board member managing the Canadian and international operations of oil field service companies including being the founder and Chairman of an oil field services company operating in Canada and the United States.As previously announced Mr. James (Jim) Hodgson has been appointed High Arctic’s Chief Financial Officer, effective today. Most recently Mr. Hodgson was a director of High Arctic and Audit Committee Chairman. He is a seasoned corporate executive with considerable experience as Chief Financial Officer of several resource companies operating in Canada and internationally.Michael Binnion, Chairman of the Board commented “I am pleased to welcome Cam to the High Arctic board and am confident he will help to continue to deliver on High Arctic’s development and profitable growth. His experience and skills are well suited to further the Corporation’s focus on business development through both organic growth and acquisitions.”
About High ArcticHigh 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 is a market leader providing 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.
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