Business
High Arctic Earns $12.8 million for the Year ended December 31, 2010
Mar. 11, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR ...
About this update from High Arctic Energy Services Inc
[{"type":"text","content":"\n\n\n Mar. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/\n\n\nRED DEER, AB, March 11 /CNW/ - High Arctic Energy Services Inc. (TSX:\n HWO) ("High Arctic" or the "Corporation") today announced its results\n for the year ended December 31, 2010.\n\n\nCommenting on the results, Bruce Thiessen, High Arctic's CEO said, "Our\n goals going into 2010 were primarily to reduce our debt levels,\n concentrate on our core businesses and improve our profitability. I am\n pleased to say that we have successfully addressed those challenges. \n Most significantly, in the past three years the Corporation has reduced\n its credit facilities and convertible debentures from $146.2 million at\n December 31, 2007 to $36.5 million at December 31, 2010.  We will\n continue to build upon our achievements during 2011 as we transition\n our efforts to growing our business and increasing shareholder value\n while maintaining our fiscal discipline." \n\n\nSelected Comparative Financial Information\n\n\nThe following is a summary of selected financial information of the\n Corporation:\n\n\n\n\n \n\n\n \n\n\nThree Months Ended \nDecember 31\n\n\n \n\n\nYears Ended \nDecember 31\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n ...