26th Apr 2006 07:01
Hunting PLC26 April 2006 26 April 2006 Hunting PLC AGM Trading Statement Hunting PLC ("Hunting"), the international energy services company, will beholding its AGM today. Richard Hunting, Chairman of Hunting, will be making thefollowing statement: "Hunting's first quarter results reflect a continuation of the strong activityexperienced throughout 2005. Oil and gas companies have increased their capitalexpenditure to offset weak reserve replacement resulting in additional growthopportunities for the oil service industry. Our order books are strong, profitmargins are increasing and the current year will see a full year of the benefitsfrom the investments in additional capacity made in 2005. Gibson Energy's truck transportation continues to profit from the heavy oilexpansion projects in Alberta, Canada. Its marketing activities, including MooseJaw Asphalt, are benefiting from the continued volatility in the differentialsbetween heavy and light crude oil prices. Hunting Energy's performance is beingdriven by increased drilling activities worldwide. Tenkay has high commodityprices and is fully operational following the hurricane disruption last year. Overall, trading is in line with the Board's expectations. We expect the strongtrading conditions will continue for the remainder of 2006 and the Boardcontinues to 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 JaquesAnthony 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 ExchangeRelated Shares:
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