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AGM & Interim Management Statement

20 Apr 2011 07:00

RNS Number : 2232F
Hunting PLC
20 April 2011
 



For Immediate Release

20 April 2011

 

 

   

Hunting PLC

 

("Hunting" or "the Company" or "the Group")

 

AGM

 

and

 

Interim Management Statement

 

Hunting PLC, the international energy services company, will be holding its Annual General Meeting at 10.30am today and is publishing its Interim Management Statement for the period from 1 January 2011 to 20 April 2011.

 

Richard Hunting, Chairman, will be making the following statement to shareholders:

 

"First quarter trading remains in line with the Board's expectations as the Group continues to expand its operational footprint through the commissioning of its new manufacturing facilities.

 

"In Well Construction, the three new Drilling Tool facilities in Conroe, Latrobe and Casper are all now fully commissioned providing greater reach into shale oil and gas drilling across North America. Hunting Innova is also fully integrated into the Group and continues to show a good order book.

 

"In Well Completion, a new US$19 million facility in Houma, Louisiana has recently been sanctioned by the Board. The facility will be completed by year end, and will service operations in the Gulf of Mexico, as activity in the region slowly resumes. The consolidation and expansion of our Scottish operations also continues to progress with the expanded capability being operational in June 2011 and full completion targeting Q3 2011. Our new manufacturing facility in Wuxi, China will be fully commissioned in June.

 

"In Well Intervention, the expansion at National Coupling progresses which will double the operational footprint of this business. Completion of this project is scheduled for Q4 2011.

 

"Overall, the Company remains well funded and continues to assess a number of acquisition opportunities. There has been no significant change in the financial position of the Group since the publication of the results for the year ended 31 December 2010."

 

For further information please contact:

 

Hunting PLC

Dennis Proctor, Chief Executive

Peter Rose, Finance Director

 

Tel: +44 (0) 20 7321 0123

Buchanan Communications

Richard Darby

Jeremy Garcia

Tel: +44 (0) 20 7466 5000

 

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, Hong Kong, Indonesia, Mexico, Netherlands, Singapore, United Arab Emirates and the United States of America.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCQKLFFFZFZBBF
Date   Source Headline
14th Jun 201010:30 amRNSAward
8th Jun 201012:35 pmRNSDirectorate Change
21st Apr 201012:00 pmRNSDirector Declaration
21st Apr 201011:30 amRNSResult of AGM
21st Apr 20107:00 amRNSIMS and AGM Statement
9th Mar 20103:48 pmRNSBlocklisting Interim Review
9th Mar 20103:45 pmRNSBlocklisting Interim Review
4th Mar 20102:12 pmRNSAnnual Report & Notice of AGM
4th Mar 201011:23 amRNSHolding(s) in Company
1st Mar 20105:19 pmRNSDirector/PDMR Shareholding
25th Feb 20107:00 amRNSFull Year Results
6th Jan 20103:23 pmRNSAnnual Information Update
4th Jan 20103:30 pmRNSDirector Declaration
22nd Dec 20092:30 pmRNSDisposal of Hunting Energy France
21st Dec 20097:00 amRNSTrading Update
10th Dec 20099:37 amRNSAcquisition
4th Dec 20094:53 pmRNSHolding(s) in Company
27th Nov 20094:23 pmRNSDirector/PDMR Shareholding
9th Nov 20094:14 pmRNSTotal Voting Rights
16th Oct 20092:03 pmRNSAdditional Listing
12th Oct 200912:30 pmRNSHolding(s) in Company
12th Oct 200912:12 pmRNSHolding(s) in Company
8th Oct 20097:00 amRNSInterim Management Statement
2nd Oct 20094:15 pmRNSDirector Declaration
2nd Oct 200912:10 pmPRNDirectorate Change
30th Sep 20093:52 pmRNSBlocklisting Interim Review
30th Sep 20093:47 pmRNSBlocklisting Interim Review
21st Sep 20095:17 pmRNSDirector/PDMR Shareholding
3rd Sep 20093:44 pmRNSTotal Voting Rights
27th Aug 20097:01 amRNSAppointment of Non Executive Directors
27th Aug 20097:00 amRNSInterim Results
31st Jul 20093:00 pmRNSCompletion
1st Jul 20097:00 amRNSTrading Update
15th Jun 20097:00 amRNSCompletion
8th Jun 20097:00 amRNSAcquisition
29th May 20094:11 pmRNSHolding(s) in Company
15th May 20099:41 amRNSBlocklisting Interim Review
15th May 20099:23 amRNSBlocklisting Interim Review
5th May 200911:15 amRNSTotal Voting Rights
5th May 200911:10 amRNSHolding(s) in Company
29th Apr 20091:22 pmRNSDirector/PDMR Shareholding
22nd Apr 200911:53 amRNSResults of Proxy Votes
22nd Apr 200910:30 amRNSIMS and AGM Statement - Replacement
22nd Apr 20097:01 amRNSIMS and AMG Statement
22nd Apr 20097:00 amRNSAcquisition
15th Apr 200911:58 amRNSHolding(s) in Company
23rd Mar 200911:40 amRNSHolding(s) in Company
26th Feb 200912:30 pmRNSFinal Divdend
26th Feb 20097:00 amRNSFinal Results
25th Feb 200910:07 amRNSAdditional Listing

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