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CALGARY, Alberta, December 21, 2022 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. HWO “High Arctic” or “Corporation” is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.005 per share to common stockholders. The dividend is payable on January 13, 2023 to holders of record of High Arctic common stock as of the close of business on December 30, 2022. The dividend will be accounted for as an “eligible dividend” for Canadian income tax purposes.

Over the high arctic

High Arctic is an energy services company. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services, supplying rental equipment including rigging mats, camps, material handling and drilling support equipment. In Western Canada, High Arctic provides rental nitrogen services and pressure control equipment to exploration and production companies.