Upper Arctic announces monthly dividends

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Calgary, Alberta, May 20, 2022 (Globe Newswire) – High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or “Corporation” is pleased to announce that its Board of Directors has approved a monthly dividend of $ 0.005 per share to ordinary shareholders. The dividend is due on June 14, 2022 to May 31, 2022 for holders of the high Arctic common stock at the close of business. The dividend has been designated as a “eligible dividend” for Canadian income tax purposes.

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About the high Arctic

The main focus of the Upper Arctic is to provide drilling and specialized well completion services, equipment rental and other services in the oil and gas industry. High Arctic is the market leader in the provision of drilling and specialized well completion services and rig matting, camping and drilling support equipment on a rental basis in Papua New Guinea. Western Canadian Operations provides good service, good abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and manufacturing companies.

For more information, please contact:

Lance Mirendorf
Chief Economic Officer

High Arctic Energy Services Inc.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
Website: www.haes.ca
Email: [email protected]

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