High Arctic Energy Services Inc T.HWO

Alternate Symbol(s): HGHAF

Energy Oil & Gas Equipment & Services

High Arctic Energy Services Inc. is engaged in provision of 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 in Canada. Its segments include Rental Services and Production Services. The Production Services segment operations consist of Company’s idled snubbing units in Colorado, United States. The Rental Services segment consists of High Arctic’s oilfield rental equipment in Canada centered upon pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells. The Company offers an extensive line up of oilfield rental equipment for drilling, completions, workover and abandonment oil and gas operations.

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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