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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

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.


TSX:HWO - Post by User

Comment by Possibleidiot01on Nov 15, 2023 4:50pm
128 Views
Post# 35737870

RE:RE:RE:possible transaction?

RE:RE:RE:possible transaction?Good question..
Company may be being conservative but  I truly believe the company is hopeful but clueless about what's going on in PNG

"based on uncertainty around future drilling activity levels."
"We continue to await a final investment decision on Papua LNG and the project operators process, timetable and decision on drilling rig selection."

All they can be sure of is 2 wells to drill.


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