Update on the Disposal of Gib

RNS Number : 5064E

Hunting PLC

29 September 2008

 

Immediate Release

29 September 2008

 

 

 

Hunting PLC

(“Hunting” or “the Company”)

Update on the Disposal of Gibson Energy

The disposal of Gibson Energy announced on 6 August 2008 is now expected to complete at the end of October 2008 or early November. The delay is due to the timing of receipt of the Canadian Transportation Act, Investment Canada Act and competition regulatory clearances. The Company does not anticipate any issues in obtaining these clearances.

Hunting shareholders approved the disposal of Gibson Energy at the Extraordinary General Meeting held on 26 August 2008. All other conditions relating to the completion process are either complete or remain on schedule.

 

For further information please contact:

 

Hunting PLC Dennis Proctor, Chief Executive Peter Rose, Finance Director	Tel: [phone]
Buchanan Communications Ben Willey Catherine Breen	Tel: [phone]

Notes to Editors:

About Hunting PLC

Hunting PLC is an international energy services provider to the world’s leading upstream oil and gas companies. Established in 1874, it is a fully listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has principal operations in Canada, China, France, Holland, Hong Kong, Singapore, United Arab Emirates and the United States of America.

 

END

 

 

MSCLPMBTMMBTTPP