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Bullboard - Stock Discussion Forum 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... see more

TSX:HWO - Post Discussion

High Arctic Energy Services Inc > PNG INCHES TOWARDS MORE LNG [GAS IN TRANSITION]
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Post by 40YardLine on Jan 26, 2023 9:44am

PNG INCHES TOWARDS MORE LNG [GAS IN TRANSITION]

With the world’s biggest LNG markets on its doorstep in East Asia, untapped proven gas reserves and experienced developers, all the ingredients are in place for Papua New Guinea (PNG) to expand its LNG capacity. US major ExxonMobil, France’s TotalEnergies and Australia’s Santos seem committed to the country, and it looks likely that a final investment decision will be taken on at least one new planned project next year. The existing LNG project, PNG LNG, began production in 2014. PNG inches towards more LNG [Gas in Transition] (naturalgasworld.com)
Comment by longrun86 on Jan 26, 2023 12:03pm
The conditions certainly seem right to advance further projects! I am looking forward to the next update from Management regarding the advancement in PNG as well as the capital allocation plan going forward. To be honest I don't blame them for holding onto a bit of cash at this time; however, I would like to see meaningful share repurchases (Maximum NCIB and another SIB). In the meantime ...more  
Comment by impega on Jan 26, 2023 2:30pm
I concur with the NCIB. It would help liquidity and add to shareholder value. 
High Arctic Energy Services Inc