HUNTING PLC

Environmental & Social Information • Mar 15, 2019

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RNS Number : 9342S

Hunting PLC

15 March 2019

For immediate release	15 March 2019

Hunting PLC

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

Report on Payments to Governments

for the year ended 31 December 2018

Hunting PLC (LSE : HTG) the international energy services group today provides information in accordance with DTR 4.3A in respect of payments made by the Company to governments for the year ended 31 December 2018 and in compliance with The Reports on Payments to Governments Regulations 2014 (SI 2014/3209) as amended by the Reports on Payments to Governments Regulations 2015 (2015/1928).

The following schedule details payments made to the US government by its wholly owned subsidiary Tenkay Resources, Inc ("Tenkay"). No other businesses within the Group are impacted by the above legislation and its reporting requirements. Further, due to the operational focus of Tenkay, the US government is the only relevant party to whom payments are made.

Reporting Category	Total 2018 Payments US$
Production entitlements	Nil
State Severance Taxes	93,176
State Income Taxes	Nil
Federal Income Taxes	Nil
Royalties -     Onshore -     Offshore	2,124 267,839
Dividends	Nil
Signature/discovery/production bonuses	Nil
Licence / rental fees	Nil
Infrastructure improvements	Nil
Total	363,139

The above summary consolidates payments made by Tenkay in relation to 50 operating oil and gas fields in which the business had an interest during the reporting period. Tenkay's business model has been to hold small equity or working interests in oil and gas assets across the US.

Payment Analysis By State (excluding State Income Taxes)

State	No. of Fields		Net Royalties Paid Attributable to Tenkay		State Severance Taxes		Total Payments
			$		$		$
Arkansas	4		-		5,648		5,648
Louisiana	7		275		21,701		21,976
Mississippi	1		-		55		55
Montana	2		1,849		6,669		8,518
North Dakota	2		-		1,994		1,994
Texas	27		-		56,529		56,529
New Mexico	1		-		13		13
Offshore	6		267,839		567		268,406
	50		269,963		93,176		363,139

This report is available for download at www.huntingplc.com.

For further information please contact:

Hunting PLC Ben Willey, Company Secretary	Tel: +44 (0) 20 7321 0123

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 premium 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, Indonesia, Mexico, Netherlands, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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