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CALGARY,
April 20, 2016 /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 $0.0165 per share to holders of common shares.
The dividend is payable on May 13,
2016 to holders of High Arctic common shares of record at
the close of business on April 29,
2016. The ex-dividend date is April 27, 2016. The dividend is designated
as an "eligible dividend" for Canadian Income Tax
purposes.
About High Arctic
High Arctic is a publicly traded company listed
on the Toronto Stock Exchange under the symbol "HWO". The
Corporation's principal focus is to provide drilling and
specialized well completion services, equipment rentals and other
services to the oil and gas industry.
High Arctic's largest operation is in
Papua New Guinea where it provides
drilling and specialized well completion services and supplies rig
matting, camps and drilling support equipment on a rental
basis. The Canadian operation provides snubbing services,
nitrogen supplies and equipment on a rental basis to a large number
of oil and natural gas exploration and production companies
operating in Western Canada.
SOURCE High Arctic Energy Services Inc.