Brief: High Arctic provides update on Papua New Guinea operations

High Arctic Energy Services

01/02/2017 11:52

Feb 1 (Reuters) - High Arctic Energy Services Inc  HWO.TO  
    * High Arctic provides update on Papua New Guinea operations 
    * High Arctic Energy Services Inc - rig 104 and rig 115 
continue with their drilling assignments 
    * High Arctic Energy Services Inc- rig 116 remains on 
standby under contract in port moresby 
    * High Arctic Energy Services - rig 103 is finalizing 
demobilization activities following completion of its drilling 
campaign in Western province 
    * "customer has formally provided notice it intends to 
extend contracts up to July 31, 2017" 
    * High Arctic Energy - discussions continue to progress with 
corporation's customer regarding a new long-term contract 
arrangement for rigs 103 and 104 
 
Source text for Eikon:  ID:nCCN77z57x  
Further company coverage:  HWO.TO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))