Business
Organic Oil Recovery Pilot Test Result
Hunting PLC announced positive results from a pilot test of its Organic Oil Recovery (OOR) enhanced oil recovery solution, utilized by Buccaneer Energy PLC at its Pine Mills field. The OOR technology led to a 100% production uplift in oil wells and reduced water cut to zero in one well, prompting Buccaneer Energy to plan a wider rollout. This successful pilot reinforces Hunting's confidence in its OOR solution as a cost-effective enhanced oil recovery method applicable globally. Disclaimer*
About this update from Hunting Plc
[{"type":"text","content":"\n\n\n\n\n\nFor Immediate Release\n\n\n16 February 2026\n\n\n\n\n\n \n \n Hunting PLC\n \n(\"Hunting\" or \"the Company\" or \"the Group\")\n \nOrganic Oil Recovery Pilot Test Result\n \nHunting PLC (LSE: HTG), the global precision engineering group, today notes the stock exchange announcement issued by Buccaneer Energy PLC (AIM : BUCE), which details the pilot test results at its Pine Mills field in East Texas, using Hunting's Organic Oil Recovery enhanced oil recovery solution.\n \nAs noted in the announcement, production within the oil wells reported a 100% uplift, and in one well reduced the water cut to zero. Buccaneer Energy notes that the OOR technology will be rolled out across other wells within its portfolio.\n \nHunting is delighted with this successful pilot treatment, which highlights the impact that the Company's OOR solution can have on oil production.\n \nCommenting on this result, Jim Johnson, Chief Executive said:\n \n\"This well result supports our confidence in the OOR technology, as a lower cost enhanced oil recovery solution which can be utilised in many oil wells globally.\"\n \nFor further information please contact:\n \n\n\n\n\nHunting PLC\nJim Johnson, Chief Executive\nBruce Ferguson, Finance Director\n \n\n\nTel: +44 (0) 20 7321 0123\n\n\n\n\nSodali & Co\nJames White\nTilly Abraham\n\n\nTel: +44 (0) 78 5543 2699\n\n\n\n\n \nor\n \[email protected]\n \nAbout Hunting PLC\n \nHunting is a global, precision engineering group that provides precision-manufactured equipment and premium services, which add value for our customers. Established in 1874, it is a listed public company, quoted on the London Stock Exchange in the Equity Shares in Commercial Companies (\"ESCC\") category. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has operations in China, India, Indonesia, Mexico, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.\n \nThe Group reports in US dollars across five operating segments: Hunting Titan; North America; Subsea Technologies; Europe, Middle East and Africa (\"EMEA\"); and Asia Pacific.\n \nThe Group also reports revenue and EBITDA financial metrics based on five product group...