High Arctic Energy Services Inc T.HWO

Alternate Symbol(s): HGHAF

Energy Oil & Gas Equipment & Services

High Arctic Energy Services Inc. is a Canada-based energy services provider. It provides drilling and specializes well completion services and supplies rental equipment, including rig matting, camps, material handling, and drilling support equipment. In western Canada, it provides pressure control equipment on a rental basis to a number of exploration and production companies. Its North American service lines include nitrogen and oilfield rental equipment. Its fleet of pumper units operate onsite to deliver nitrogen to the oil and gas industry when and where required. Its International Operations service lines include drilling rigs, workover rigs, worksite matting and rental equipment. Its fleet of specialized rental equipment includes camps, cranes, trucks, forklifts, pumps, gensets and lighting towers. It is also focused on offering pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells, along with other well site rental equipment.

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High Arctic Energy Services Inc > Amended filings to enchance disclosure

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Comment by Possibleidiot01on Nov 07, 2023 3:28pm

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Post# 35722192

RE:Amended filings to enchance disclosure

Who knows.
This is from the revised annual AIF.

"Certain areas with sufficient road infrastructure may be developed to support traditional land-based rigs. To the Corporation’s knowledge, there are currently two land-based rigs located in PNG capable of drilling wells typically completed in PNG. Due to higher mobilization costs associated with heli-portable drilling operations, the Corporation’s heli-portable rigs are typically utilized for remote access operations and as such do not compete in areas where traditional land-based rigs are more cost effective to utilize. To the Corporation’s knowledge, during 2022 one large land-based drilling rig commenced preparation for work in the primary PNG-LNG production field. This would be the first time competitor rigs have prepared for operation since 2016. "

4 pages plus of risk factors