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High Arctic Energy Services Inc.

10:11 AM EST - High Arctic Energy Services Inc. : reported fourth-quarter net loss of $11.5 million or $0.25 per share, as compared to a net loss of $24.9 million or $0.59 per share in the same period of 2008. EBITDA was a $6.9 million, up $600,000 from $6.3 million for the same quarter in 2008. Revenue from continuing operations decreased by 35% to $26.7 million from $40.8 million during the same period of 2008. High Arctic Energy Services Inc. shares T.HWO are trading even at $0.30.