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CALGARY, June 13, 2014 /CNW/ - High Arctic Energy Services
Inc. (TSX: HWO) ("High Arctic" or the "Company") is pleased to
announce the planned addition of two new executives. Mr.
Tim Braun has agreed to join High
Arctic as Chief Executive Officer effective on July 2, 2014. Tim has spent 33 years in the
oilfield services sector primarily with several large drilling
contractors. Most recently, he spent eight years as a senior
executive with an international drilling contractor, Saxon Energy
Services, in several capacities including Chief Operating
Officer. Prior thereto, he spent over 10 years with Precision
Drilling Corporation. With his extensive background in
international oilfield services, Tim brings valuable experience to
High Arctic as it grows its international operations and seeks to
expand its Canadian services. Tim will be based in the
Calgary office.
Mr. Darren Greer has also agreed
to join High Arctic with an expected start date in September.
Darren will take over the role of President, International and will
have overall responsibility for the business in Papua New Guinea and for developing additional
regional business opportunities. Darren will be based in the
newly established Brisbane
office. Darren is a professional engineer and spent twelve
years in senior petroleum and drilling engineering roles, primarily
with a major Australian oil company. For the past four years,
he has been an executive with Easternwell, an Australia oilfield services contractor, most
recently as Chief Operating Officer. His extensive
knowledge of the business from an operator perspective will be
valuable in delivering solutions to our customers.
With the appointment of Mr. Braun, Dennis Sykora will step down from the role of
Interim Chief Executive Officer. He will continue as a member
of the Board of Directors and will provide support as a member of
its Executive Committee.
With the appointment of Darren, Kevin
Doran, the current President, International, is expected to
transition into retirement. Mike
Maguire, Vice President International Operations, joined
High Arctic in December 2013 and has
already assumed responsibility for the operations in Papua New Guinea as part of the ongoing
succession planning for High Arctic.
Michael Binnion, Chairman of High
Arctic, stated, "Tim and Darren each bring a complementary range of
skills and experience which will benefit High Arctic as it expands
its business. We wish to thank Kevin for his tremendous efforts
during the past seven years. We recognize the instrumental role
Kevin has played in the growth and evolution of our business in PNG
and I am confident we are in good hands going forward. I am
pleased that he will make himself available to aid in the
transition and we wish him improved health in his retirement."
Forward-Looking Statements
This news release may contain forward-looking statements
relating to expected future events and financial and operating
results of the Company 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 Company's Management's
Discussion and Analysis for the three months ended March 31, 2014 and in the Annual Information Form
for the year ended December 31, 2013
found on SEDAR (www.sedar.com). Due to the potential impact
of these factors, the Company 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 Company is a provider of specialized oilfield equipment and
services for drilling, completion and work over operations.
Based in Alberta, High Arctic has
operations throughout Western
Canada and in Papua New
Guinea. The Company's most recent investor presentation can
be found at www.haes.ca.
SOURCE High Arctic Energy Services Inc.