High Arctic Energy Services Inc T.HWO

Dual Listing on ASX?

[longrun86]

Hi Folks,

I have been wondering if HWO would benefit from a dual listing on the ASX (Australia) or move the company entirely to the ASX. It seems that Australian Oil & Gas companies are far more prevalent in PNG and HWO could receive a bit more interest (and share liquidity) from this market.

Management is fairly tied into Australia and I imagine their community profile and industry connections may be better served through at least a dual listing. I think at that point you could see more interest from Australian investors who understand what is going on in PNG and could help narrow the valuation gap. The other item is cost to report to both listings.

Curious to hear the thoughts of others on this.

LR

[joe0301]

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[DudeRancher1953]

Very interesting. Being a Canadian resident, I'd be interested in NRT that I would be subjected to if the company moved to Australia. I have no idea about that. You are probably right about the profile/liquidity advantages.

[Possibleidiot01]

Interesting idea ; seems to be a question for people smarter than me.

[JonathanJSmith]

Hi LR, I'm not sure whether moving to the ASX would make that much of a difference. There was a time when movement was a lot better and I'm sure we'll get there again once they have a few rigs going and/or raise the regular dividend. At a $0.20 annual divvy, the return (based on the current share price) would be greater than 10%. In such a case, I'd rather the company remain

[longrun86]

It could entirely be a hairbrained idea! My view was that the company used to have meaningful operations in Canada that it managed. At this time the future of the Canadian operations appear to be far less substantial (unless they make an acquisition). Canadian investors have a home country bias and may be less interested in digging into a company with primary operations in PNG. On the other hand