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Pin to quick picksHunting Regulatory News (HTG)

Share Price Information for Hunting (HTG)

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450.00    -10.50 (-2.28%)
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Spread: 7.00 (1.573%)
Market Cap: £656.58m
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IMS and AGM Statement

21 Apr 2010 07:00

RNS Number : 5123K
Hunting PLC
21 April 2010
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For Immediate Release

21 April 2010

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Hunting PLC

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("Hunting" or "the Company")

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AGM

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and

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Interim Management Statement

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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 2010 to 21 April 2010.

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

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"With a rising oil price in the first quarter, combined with significant improvement in shale gas activity throughout North America, the Company experienced a rapid start to the new year. Activity in Southeast Asia remains strong as well. Europe is currently slow, however forecasts are for continued improvement throughout the year. Capital expenditures in 2009 are producing results and a sense of optimism prevails within the service industry with the re-hiring of staff and for some companies, the reopening of manufacturing facilities.

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Well Construction: We continue to expand our US drilling tool operations with the addition of new mud motors and a new facility in Pennsylvania added during the period, primarily focused on the Marcellus shale play.

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Well Completion: Activity towards more oil drilling has provided encouraging results and should continue as commodity prices increase or remain at current levels.

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Well Intervention: New orders have been taken for the chemical injection system and we have an improved order book for wireline and slickline tools for enhanced production of existing oil wells.

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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 2009.

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Overall, trading remains in line with the Board's expectations. The Company remains well capitalised and is well placed to take advantage of acquisition opportunities, which continue to be assessed."

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For further information please contact:

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Hunting PLC

Dennis Proctor, Chief Executive

Peter Rose, Finance Director

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Tel: +1 713 595 2950

Tel: +44 (0) 20 7321 0123

Buchanan Communications

Richard Darby

Jeremy Garcia

Tel: +44 (0) 20 7466 5000

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Notes to Editors:

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About HuntingΒ PLC

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HuntingΒ PLCΒ is an international energy services provider to the world's leadingΒ upstreamΒ 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 inΒ HoustonΒ and is headquartered inΒ London. As well as theΒ United Kingdom, the Company has principal operations inΒ Canada,Β China,Β France,Β Holland,Β Hong Kong,Β Indonesia, Mexico, Singapore, United Arab EmiratesΒ and theΒ United States of America.

This information is provided by RNS
The company news service from the London Stock Exchange
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END
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MSCKKKDPABKDAQB
Date   Source Headline
26th Aug 20107:00 amRNSInterim Results
16th Aug 20107:00 amRNSAcquisition
30th Jun 20107:00 amRNSTrading Update
14th Jun 201010:30 amRNSAward
8th Jun 201012:35 pmRNSDirectorate Change
21st Apr 201012:00 pmRNSDirector Declaration
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9th Mar 20103:48 pmRNSBlocklisting Interim Review
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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
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27th Nov 20094:23 pmRNSDirector/PDMR Shareholding
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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

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