Hunting Regulatory News (HTG)

25 Apr 2007 07:01

Hunting PLC25 April 2007 25 April 2007 Hunting PLC AGM Trading Statement Hunting PLC ("Hunting"), the international energy services company, will beholding its AGM at 10.30 am today. Richard Hunting, Chairman, will be making thefollowing statement to shareholders: "Performance throughout the Group continues to reflect a strong marketplaceenhanced by capital expenditure decisions made in prior years. Oil and gascompanies persist in their urgent quest for new developments and reservereplacements, 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 Propanedivision has seen immediate results from prior year acquisitions and marginmanagement. The Marketing and Moose Jaw Refinery divisions are continuing tocapitalise on the volatility in the various grades of heavy oil and diluentavailability. Hunting Energy has experienced new and further growth throughout its globalfacilities. Our Asian Group has benefited strongly from Middle East and Far Eastcontracts. The European market remains steady for products and services. Inspite of a stabilised North American rig count, all facilities have improvedorder books. The Exploration and Production division has improved year on yearvolumes. Overall, trading is in line with the Board's expectations. However, currencyfluctuations will impact the final result. We have uniquely positioned ourselvesto capitalise on the growing trends within the global oil and gas industry.Combined with our organic growth capabilities and disciplined financialexecution, we view the future with confidence." - ENDS - For further information, please contact: Hunting PLCDennis Proctor, Chief Executive Tel: 001 281 442 7382Dennis Clark, Finance Director Tel: 020 7321 0123 Hogarth Partnership Limited Tel: 020 7357 9477Andrew JaquesJohn OlsenAnthony Arthur Notes to Editors: Hunting PLC is an international oil services company providing support solutionsto the world's largest oil and gas companies. This information is provided by RNS The company news service from the London Stock Exchange