Iona Energy 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. Iona has signed Transition Services Agreements with Wood Group PSN and Senergy Wells in support of the Company's previously announced agreement to acquire [...]
Iona Energy is pleased to announce an organizational update, welcoming Philip Oldham as Interim Chief Operating Officer, David Sherrard as VP Developments, and Nick Ritchie as VP Asset Management.
Iona announces its financial results for the three months ended March 31, 2014. FINANCIAL: Iona reached a new corporate quarterly average production record of 4,155 boepd across Q1 2014, as Huntington produced at 3,896 boepd. The Company realized record quarterly revenue of $35.6 million for the three month period ended March 31, 2014. Revenues of [...]
Iona 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 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 [...]
Iona is pleased to announce that 94.23% of the bondholders in attendance of today's bondholders meeting pertaining to the 9.50 per cent Iona Energy Company plc Senior Secured Callable Bond Issue 2013/2018 have voted in favour, and a motion has passed to amend certain terms of the bond agreement. For further information relating to the amendments [...]
Iona Energy announces that its board of directors has approved the granting of stock options to purchase 1,350,000 common shares of the Company to seven employees (including 250,000 options to one employee performing investor relations activities) subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise [...]
Iona announces its financial results for the three and twelve months ended December 31, 2013 and the Company's independently evaluated reserves as of the same date. The Company recorded record quarterly revenue of $33.8 million and $65.5 million respectively for the three and twelve months ended December 31, 2013. There was no revenue generated [...]
Iona is pleased to announce the signing of a sale and purchase agreement with Perenco UK Limited for an 80% working interest in the Trent & Tyne Gas Fields which will bring the Company's aggregate working interest to 100% and result in Iona becoming Operator. The Company is also pleased to announce a management addition and the provision of a [...]
Iona has today through its wholly owned subsidiary, Iona Energy Company plc, summoned a bondholders' meeting in the 9.50 per cent Iona Energy Company plc Senior Secured Callable Bond Issue 2013/2018 to request certain amendments to the terms of the bond agreement governing the bond issue. For further information, please see the summons to the [...]
Iona Energy is pleased to announce an operational update related to its Huntington Oil Field located in the UK North Sea. Iona's Q1 2014 average production at Huntington increased 34% over Q4 2013, from 2,974 boepd to 3,959 boepd, as operational and weather-related downtime at the field continued to improve. Throughout the month of March, the [...]
Iona Energy is pleased to announce that its USD 275 million senior secured bonds (the "Bonds") issued by its UK subsidiary Iona Energy Company (UK) plc (formerly Iona Energy Company (UK) Limited) have commenced trading on the Nordic ABM.