HUNTING PLC

Environmental & Social Information • Apr 20, 2023

National Storage Mechanism | Additional information

RNS Number : 9535W

Hunting PLC

20 April 2023

For immediate release	20 April 2023

Hunting PLC

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

Report on Payments to Governments

for the year ended 31 December 2022

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 2022 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 2022 Payments US$
Production entitlements	Nil
State Severance Taxes	49,374
State Income Taxes	Nil
Federal Income Taxes	Nil
Royalties -     Onshore -     Offshore	2,410 824,180
Dividends	Nil
Signature/discovery/production bonuses	Nil
Licence / rental fees	Nil
Infrastructure improvements	Nil
Total	875,964

The above summary consolidates payments made by Tenkay in relation to 11 operating oil and gas fields which have made payments to the US government in the year and 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
			$		$		$
Louisiana	1		-		17,223		17,223
Montana	1		2,410		6,393		8,803
North Dakota	1		-		3,796		3,796
Texas	6		-		31,667		31,667
Offshore	2		824,180		(9,705)		814,475
	11		826,590		49,374		875,964

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.

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