Iona Energy Announces Huntington Operational Update

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Iona Energy Inc. 
TSX VENTURE SYMBOL:  INA 
MAY 14, 2014 
Iona Energy Announces Huntington Operational Update 
CALGARY, ALBERTA--(Marketwired - May 14, 2014) -  
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN
UNITED STATES 
Iona Energy Inc. ("Iona" or the "Company") (TSX
VENTURE:INA) is pleased to announce an operational update related to its
Huntington Oil Field located in the UK North Sea. 
During April 2014, Huntington saw average production of 9,880 boepd (1,734
boepd net to Iona) due to two unrelated issues. From April 12th to April 24th,
Huntington production was suspended as the Voyageur FPSO underwent repairs to
its inert gas system, work that was completed ahead of schedule, and production
resumed on the 25th of April. On April 26th, the Huntington partnership was
notified of an unplanned shutdown of the Central Area Transmission
System's ("CATS") riser platform, shutting in multiple fields
that export across the system. Huntington resumed production on May 11th and is
now back at full capacity. 
The working interests in the Huntington field are E.ON E&P UK Ltd (25%
Operator), Premier Oil plc (40%), Noreco Oil (UK) Limited (20%), and Iona
(15%). In addition to the working interest, Iona holds a gross overriding
royalty of 2.55% of the total Huntington production, payable from the
Huntington joint venture partners. 
Additional information relating to the Company is available on SEDAR at
www.sedar.com. 
About Iona Energy: 
Iona is an oil and gas exploration, development and production company focused
on oil and gas development and exploration in the United Kingdom's North
Sea. 
Notes Regarding Oil and Gas Disclosure 
As used in this press release, "boe" means barrel of oil equivalent
on the basis of 6 mcf of natural gas to 1 bbl of oil. Boes may be misleading,
particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead.  
Additionally, this press release uses certain abbreviations as follows: 
/T/ 
Oil and Natural Gas Liquids       Natural Gas                      
boepd       barrels of oil        mcf         thousand cubic feet  
equivalent per day                                     
/T/ 
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Iona Energy Inc.
Neill A. Carson
Chief Executive Officer
+44 1224 228400
or
Iona Energy Inc.
Graham A. Heath
Interim Chief Financial Officer
+44 7508 936982
or
Iona Energy Inc.
David Ricciardi
Manager, Investor Relations
+1 403 978 4894 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  OEX 
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-0- May/14/2014 13:31 GMT
 
 
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