High Arctic Energy Services Inc T.HWO

Amended filings to enchance disclosure

[colourama]

Interesting that HWO has amended some filings to "enchance disclosure". Nothing financially material changed, but I wonder what the purpose is for doing this? Something cooking behind the scenes?

[colourama]

*sorry, should read "Enhance" !

[Possibleidiot01]

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,

[colourama]

I mean, this risk factor isn't really a surprise - if there is suitable road access, a rig specifically designed for road transport has a cost advantage. Not sure why they are playing up this aspect now (both in the press release last month and in the updated AIF) since it sounds like those land-based rigs have been there for some time and would naturally be expected to be used in areas with

[AusInvest]

Does anyone else get the feeling there is something shady going on to try and sneak something in one of the documents? What reason could there be for the vague reasoning for amendment and not specifically laying out was changed?

[Stonksonlyup90]

Agreed, more of the same from this management team though. Results and update on reorg tomorrow. One investor has already called for a special meeting to oust the Chair of the Board. If nothing concrete revealed tomorrow then he can bugger off.

[colourama]

I almost feel like it'll be more of the same vagueness about the reorg details. "They are looking into ways to incorporate shareholder feedback and are optimistic" or something like that. Although hoping not. Its been 6 months since the original reorg announcement. Figuring something out shouldn't be that complicated. Hopefully some good grilling on the call.