Iona Energy Announces Operational Update and Updated Corporate Presentation

Iona Energy Announces Operational Update and Updated Corporate Presentation 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Iona Energy Inc. 
TSX VENTURE SYMBOL:  INA 
JUNE 9, 2014 
Iona Energy Announces Operational Update and Updated Corporate Presentation 
CALGARY, ALBERTA--(Marketwired - June 9, 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 on its Trent &
Tyne assets in the UK North Sea and that an updated corporate presentation is
now available on the Company's website at www.ionaenergy.com.  
Iona has signed Transition Services Agreements with Wood Group PSN Ltd.
("Wood Group") and Senergy Wells Ltd. ("Senergy") in
support of the Company's previously announced agreement to acquire
Perenco's remaining 80% operated working interests in the producing Trent
& Tyne Gas Field licences in the Southern North Sea.  
These agreements cover work required to receive consent from the Department of
Energy & Climate Change ("DECC") for the transfer of
operatorship, assignment of the interests, and other regulatory approvals to
enable Iona to operate the two fields and the associated EAGLES pipelines which
transport production to the Bacton terminal.  
The Trent and Tyne transition plan includes working with the Wood Group,
Senergy, and Perenco to identify and implement well work to increase production
from the existing well stock and to mature opportunities for drilling fresh gas
accumulations located within reach of the infrastructure.  
Wood Group is regarded as one of the world's foremost production and
services companies and provides scalable, integrated resources for supporting
offshore oil and gas production facilities.  
Senergy is a global integrated energy services company with one of its
specialist areas being to apply expertise and technology to assist the
development and management of oil and gas fields.  
Neill Carson, CEO, commented "We are delighted to have concluded
agreements with the Wood Group and Senergy and look forward to working with
these leading companies as we transition to becoming the operator of the Trent
and Tyne fields." 
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. 
Forward-Looking Statements  
Some of the statements in this announcement are forward-looking, including
statements regarding the transition plan for Trent & Tyne. Forward-looking
statements include statements regarding the intent, belief and current
expectations of Iona Energy Inc. or its officers with respect to various
matters. When used in this announcement, the words "expects,"
"believes," "anticipate," "plans,"
"may," "will," "should", "scheduled",
"targeted", "estimated" and similar expressions, and the
negatives thereof, are intended to identify forward-looking statements. Such
statements are not promises or guarantees, are based on various assumptions by
Iona's management, including the assumption that Iona will complete the
acquisition of the remaining interest in Trent & Tyne on the terms
previously announced, and are subject to risks and uncertainties that could
cause actual outcome to differ materially from those suggested by any such
statements, including without limitation, the risk that the transition plan
changes or that the Trent & Tyne acquisition is delayed or not completed
for any reason. These forward-looking statements speak only as of the date of
this announcement. Iona Energy Inc. expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward-looking
statement contained herein to reflect any change in its expectations with
regard thereto or any change in events, conditions or circumstances on which
any forward-looking statement is based except as required by applicable
securities laws. 
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          MMscf           Millions of standard 
equivalent per day                      cubic feet           
/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 1224 228400 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  MEX 
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-0- Jun/09/2014 16:27 GMT
 
 
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