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RED DEER, AB, Jan. 11, 2012 /CNW/ - High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Corporation") is pleased to announce the appointment of Mr. Dan Beaulieu as Vice President, Canadian Operations effective immediately. In that capacity, he will have responsibility for managing the Canadian operations and will be based in the Red Deer head office.
Mr. Beaulieu has over 30 years of oilfield services experience. He has spent the past 11 years with a major integrated oilfield services company where he was the senior manager of a Canadian business unit. He had joined that company as part of a transaction to sell his own services company that he founded. Dan will play an important role in expanding High Arctic's position as a leading well pressure control services provider to take advantage of the growing opportunities in the shale gas and other resource plays.
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, 2010 and the Annual Information Form for the year ended December 31, 2010 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, through its subsidiaries, 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.
Chief Executive Officer
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