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CALGARY, July 19, 2017 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the
“Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to
holders of common shares. The dividend is payable on August 14, 2017 to holders of High Arctic common shares of record at the
close of business on July 31, 2017. The ex-dividend date is July 27, 2017. The dividend is designated as an "eligible
dividend" for Canadian Income Tax purposes.
About High Arctic
High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s
principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil
and gas industry.
High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well
completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation
provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil
and natural gas exploration and production companies operating in Western Canada.
For more information, please contact: Thomas Alford Interim President & CEO Phone: 587-318-3826 Email: tom.alford@haes.ca Brian Peters Chief Financial Officer Phone: 587-318-2218 Email: brian.peters@haes.ca
