Brief: High Arctic Energy expects Q3 adjusted EBITDA to exceed $18 mln

High Arctic Energy Services

22/10/2015 13:13

Oct 22 (Reuters) - High Arctic Energy Services Inc  HWO.TO : 
 * Says company expects the third quarter 2015 adjusted EBITDA to exceed $18 
   million 
 * In papua new guinea, rigs 103, 104 & 115 should continue to be fully-utilized 
   through the year end and into 2016 
 * Says "in Canada, activity levels continue to be significantly lower than 
   those experienced in the prior year" 
 * Contracted status in papua new guinea, strong US dollar exchange rate should result in Q4 adjusted EBITDA similar to Q3 
 
 * Source text for Eikon  ID:nCNWH6bHMa  
 
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