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
*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.