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High Arctic Energy Services Inc (2)
Symbol HWO
Shares Issued 48,733,145
Close 2021-11-24 C$ 1.63
Recent Sedar Documents

High Arctic Energy changes auditor to KPMG

2021-11-24 20:44 ET - News Release

Mr. Lance Mierendorf reports

HIGH ARCTIC ANNOUNCES CHANGE OF AUDITOR TO KPMG LLP

High Arctic Energy Services Inc., after a review of audit service availability in Canada, has chosen KPMG LLP as external auditor for calendar year 2021. Given parameters for audit services in a changing market, PricewaterhouseCoopers LLC has resigned effective Nov. 24, 2021.

The corporation appointed the successor auditor as the new auditor effective Nov. 24, 2021, until the close of the next annual general meeting of High Arctic shareholders.

There were no reservations or modified opinions in any of the former auditor's audit reports for any financial period during which the former auditor was the corporation's auditor. High Arctic confirms there are no reportable events (as the term is defined in National Instrument 51-102 -- Continuous Disclosure Obligations) between the corporation and the former auditor, and, in its opinion, there are no reportable events pending.

The corporation and the board of directors would like to extend their thanks and high regard to PricewaterhouseCoopers LLC for auditing services to date.

In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from former auditor and successor auditor, has been reviewed by the corporation's audit committee and will be filed on SEDAR accordingly.

About High Arctic Energy Services Inc.

High Arctic'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 is a market leader providing drilling and specialized well completion services, and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies.

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