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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. The Company provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. The Company's operations involve the rental of pressure control and other oilfield equipment to exploration and production companies operating in Canada. 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 are oilfield rental equipment. Its rental services offer a lineup of oilfield rental equipment for drilling, completions, workover and abandonment oil and gas operations.


TSX:HWO - Post by User

High Arctic Energy Services Inc > PNG restart in Q4
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Comment by AVALONSHARKon Aug 02, 2022 2:40pm
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Post# 34866367

RE:PNG restart in Q4

RE:PNG restart in Q4This is the moment we have been waiting for sincle april 2020 !! Consistent drilling to restart in PNG.

Rig 104 which is owned by OilSearch/Santos should find a contract within the next 6 months as no new drilling has happend to feed PNG-LNG.

High Arctic's own rigs 115-116 should find some project with Total's FEED work early next year.

With $56 million in cash and such a high margin business restarting finally we might see a steady uptrend breaking $ 2.5 by Q1 2023.
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