Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHunting Regulatory News (HTG)

Share Price Information for Hunting (HTG)

Share Price is delayed by 15 minutes
Get Live Data
476.50    6.00 (1.28%)
Bid:
473.00
Ask:
475.50
Spread: 2.50 (0.529%)
Market Cap: £695.83m
HTG Live PriceLast checked at - London Stock Exchange

Intraday Hunting Share Chart

IMS and AGM Statement

21 Apr 2010 07:00

RNS Number : 5123K
Hunting PLC
21 April 2010
 



For Immediate Release

21 April 2010

 

 

 

 

 

 

Hunting PLC

 

("Hunting" or "the Company")

 

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 2010 to 21 April 2010.

 

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

 

"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.

 

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.

 

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

 

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.

 

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.

 

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."

 

For further information please contact:

 

Hunting PLC

Dennis Proctor, Chief Executive

Peter Rose, Finance Director

 

 

Tel: +1 713 595 2950

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, France, Holland, Hong Kong, Indonesia, Mexico, 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
 
 
MSCKKKDPABKDAQB
Date   Source Headline
5th Mar 20267:02 amRNSCost Reduction Plan & Update to Capital Allocation
5th Mar 20267:00 amRNSResults for the year ended 31 December 2025
4th Mar 20267:00 amRNSTransaction in Own Shares
3rd Mar 20267:00 amRNSTransaction in Own Shares
2nd Mar 20267:05 amRNSTotal Voting Rights
2nd Mar 20267:00 amRNSTransaction in Own Shares
27th Feb 20267:00 amRNSTransaction in Own Shares
26th Feb 20267:00 amRNSTransaction in Own Shares
25th Feb 20267:00 amRNSTransaction in Own Shares
24th Feb 20267:00 amRNSTransaction in Own Shares
23rd Feb 20267:00 amRNSNotification of major holdings
23rd Feb 20267:00 amRNSTransaction in Own Shares
20th Feb 20267:00 amRNSTransaction in Own Shares
19th Feb 20267:00 amRNS-RInvestor Presentation via Investor Meet Company
19th Feb 20267:00 amRNS-REquity Development Investor Presentation
19th Feb 20267:00 amRNSTransaction in Own Shares
18th Feb 20267:00 amRNSTransaction in Own Shares
17th Feb 20267:00 amRNSTransaction in Own Shares
16th Feb 20267:05 amRNSOrganic Oil Recovery Pilot Test Result
16th Feb 20267:00 amRNSTransaction in Own Shares
13th Feb 20267:00 amRNSTransaction in Own Shares
12th Feb 20267:00 amRNSTransaction in Own Shares
11th Feb 20267:00 amRNSTransaction in Own Shares
10th Feb 20267:00 amRNSTransaction in Own Shares
9th Feb 20267:00 amRNSTransaction in Own Shares
6th Feb 20267:00 amRNSTransaction in Own Shares
5th Feb 20267:00 amRNSTransaction in Own Shares
4th Feb 20267:00 amRNSTransaction in Own Shares
3rd Feb 20267:00 amRNSTransaction in Own Shares
2nd Feb 20267:00 amRNSTransaction in Own Shares
2nd Feb 20267:00 amRNSTotal Voting Rights
30th Jan 20267:00 amRNSTransaction in Own Shares
29th Jan 20267:00 amRNSTransaction in Own Shares
28th Jan 20267:00 amRNSTransaction in Own Shares
27th Jan 20267:00 amRNSTransaction in Own Shares
26th Jan 20267:00 amRNSTransaction in Own Shares
23rd Jan 20267:00 amRNSTransaction in Own Shares
22nd Jan 202612:34 pmRNSStandard form for notification of major holdings
22nd Jan 20267:00 amRNSTransaction in Own Shares
21st Jan 20267:00 amRNSTransaction in Own Shares
20th Jan 20267:00 amRNSTransaction in Own Shares
19th Jan 20267:00 amRNSTransaction in Own Shares
16th Jan 20267:00 amRNSTransaction in Own Shares
15th Jan 20267:00 amRNSTransaction in Own Shares
14th Jan 20267:00 amRNSTransaction in Own Shares
13th Jan 20267:00 amRNSTransaction in Own Shares
13th Jan 20267:00 amRNS2025 Full Year Trading Statement
12th Jan 20267:00 amRNSTransaction in Own Shares
9th Jan 20267:00 amRNSTransaction in Own Shares
8th Jan 20267:00 amRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.