High Arctic Declares Monthly Dividend

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RED DEER, AB, Feb. 19, 2013 /CNW/ - 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 $0.01 per share to holders of common shares. The dividend is payable on March 14, 2013, to holders of High Arctic common shares of record at the close of business on February 28, 2013. The ex-dividend date is February 26, 2013. The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.

About High Arctic

The Corporation is a global provider of specialized oilfield equipment and services, including drilling, completion and workover operations.  Based in Red Deer, Alberta, High Arctic has domestic operations throughout western Canada and international operations in Papua New Guinea.

SOURCE: High Arctic Energy Services Inc.

For further information:

Ken Olson
Chief Financial Officer
403 508 7836 ext 103
ken.olson@haes.ca

Profil de l'entreprise

High Arctic Energy Services Inc.

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