Hunting PLC
25 April 2007
25 April 2007
Hunting PLC
AGM Trading Statement
Hunting PLC ('Hunting'), the international energy services company, will be
holding its AGM at 10.30 am today. Richard Hunting, Chairman, will be making the
following statement to shareholders:
'Performance throughout the Group continues to reflect a strong marketplace
enhanced by capital expenditure decisions made in prior years. Oil and gas
companies persist in their urgent quest for new developments and reserve
replacements, thereby providing excellent opportunities for Hunting.
Gibson Energy's truck transportation, with additional trailer capacity,
continues to benefit from Canadian heavy oil projects. Its Canwest Propane
division has seen immediate results from prior year acquisitions and margin
management. The Marketing and Moose Jaw Refinery divisions are continuing to
capitalise on the volatility in the various grades of heavy oil and diluent
availability.
Hunting Energy has experienced new and further growth throughout its global
facilities. Our Asian Group has benefited strongly from Middle East and Far East
contracts. The European market remains steady for products and services. In
spite of a stabilised North American rig count, all facilities have improved
order books. The Exploration and Production division has improved year on year
volumes.
Overall, trading is in line with the Board's expectations. However, currency
fluctuations will impact the final result. We have uniquely positioned ourselves
to capitalise on the growing trends within the global oil and gas industry.
Combined with our organic growth capabilities and disciplined financial
execution, we view the future with confidence.'
- ENDS -
For further information, please contact:
Hunting PLC
Dennis Proctor, Chief Executive Tel: 001 281 442 7382
Dennis Clark, Finance Director Tel: 020 7321 0123
Hogarth Partnership Limited Tel: 020 7357 9477
Andrew Jaques
John Olsen
Anthony Arthur
Notes to Editors:
Hunting PLC is an international oil services company providing support solutions
to the world's largest oil and gas companies.
This information is provided by RNS
The company news service from the London Stock Exchange
Hunting Plc news
Investor announcements, newest first.
