High Arctic Finalizes PNG Contract Renewals

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RED DEER, AB, July 23, 2013 /CNW/ - High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Company") is pleased to announce that it has now finalized and signed the contract renewals with Oil Search Limited ("OSL", http://www.oilsearch.com/) for the three year extensions for its primary contracts in Papua New Guinea in accordance with the Letter of Award announced on June 25, 2013. The new contracts are effective July 1, 2013 for a three year term to June 30, 2016.

About High Arctic

The Company is a global provider of specialized oilfield equipment and services for drilling, completion and work over operations. Based in Red Deer, Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea.  The Company's most recent investor presentation can be found at www.haes.ca.

SOURCE: High Arctic Energy Services Inc.

For further information:

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

Profil de l'entreprise

High Arctic Energy Services Inc.

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