/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/
RED DEER, AB, Jan. 7, 2013 /CNW/ - High Arctic Energy Services Inc.
(TSX: HWO) ("High Arctic" or the "Corporation") is pleased to announce
that Ken Olson has been appointed as Chief Financial Officer effective
immediately. Ken is a Chartered Accountant with over twenty years of
finance and management experience. Most recently, Ken spent six years
as Vice President, Corporate Finance of a large oilfield services
company with extensive international operations. As CFO, he will be
responsible for the overall financial management of High Arctic and
will be located in Calgary.
High Arctic is also pleased to announce that Shannon Matthyssen has
recently been appointed as Corporate Controller and Corporate
Secretary. Shannon is a Chartered Accountant who brings over 25 years
of oil and gas experience primarily as Chief Financial Officer of
several junior oil and gas companies. Shannon will also be located in
Calgary with the corporate finance team.
This news release may contain forward-looking statements relating to
expected future events and financial and operating results of the
Corporation that involve risks and uncertainties. Actual results may
differ materially from management expectations, as projected in such
forward-looking statements for a variety of reasons, including market
and general economic conditions and the risks and uncertainties
detailed in both the Corporation's Management Discussion and Analysis
for the year ended December 31, 2011 and the Annual Information Form
for the year ended December 31, 2011 both found on SEDAR (www.sedar.com). Due to the potential impact of these factors, the Corporation
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable law.
About High Arctic
The Corporation, is a 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 primarily in
Papua New Guinea.
SOURCE: High Arctic Energy Services Inc.
For further information:
Chief Executive Officer
403 340 9825