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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 > Canadian driller to establish standalone company in PNG
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Comment by Possibleidiot01on May 23, 2023 6:24am
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Post# 35459711

RE:Canadian driller to establish standalone company in PNG

RE:Canadian driller to establish standalone company in PNG
40YardLine wrote: High Arctic Energy believes growth outlook for PNG supports the spin-off of its PNG business
Papua New Guinea will have a dedicated onshore oil, gas and geothermal drilling contractor if the shareholders of Canadian company High Arctic Energy Services approve the spin-off of its PNG division.
High Arctic is the dominant provider of drilling services in PNG and has been present in country for 16 years. Its board has decided that, as part of a corporate reorganization, the PNG business will be sold to shareholders as an unlisted private company.
Canadian driller to establish standalone company in Papua New Guinea | Upstream Online


SOLD?
I guess you don't have the rest of the article?

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