Hunting PLC
26 April 2006
26 April 2006
Hunting PLC
AGM Trading Statement
Hunting PLC ('Hunting'), the international energy services company, will be
holding its AGM today. Richard Hunting, Chairman of Hunting, will be making the
following statement:
'Hunting's first quarter results reflect a continuation of the strong activity
experienced throughout 2005. Oil and gas companies have increased their capital
expenditure to offset weak reserve replacement resulting in additional growth
opportunities for the oil service industry. Our order books are strong, profit
margins are increasing and the current year will see a full year of the benefits
from the investments in additional capacity made in 2005.
Gibson Energy's truck transportation continues to profit from the heavy oil
expansion projects in Alberta, Canada. Its marketing activities, including Moose
Jaw Asphalt, are benefiting from the continued volatility in the differentials
between heavy and light crude oil prices. Hunting Energy's performance is being
driven by increased drilling activities worldwide. Tenkay has high commodity
prices and is fully operational following the hurricane disruption last year.
Overall, trading is in line with the Board's expectations. We expect the strong
trading conditions will continue for the remainder of 2006 and the Board
continues to 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
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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.