Iona announces that Alan Curran, Chief Operating Officer of the Company, has tendered his resignation. Mr. Curran will be assuming a CEO role with a North Sea industry peer. Mr. Curran will stay with the Company as COO for up to three months in order to enable an orderly transition. Iona plans to provide an update on a new COO in the near future [...]
Iona is pleased to announce an operational update related to its Huntington Oil Field located in the UK North Sea. During February 2014, Iona produced on average 5,150 boepd as long periods of inclement weather previously experienced in the region subsided. Net to Iona, February's production levels represent an increase of 54% over the 2013 fourth [...]
Iona is pleased to announce that it has been included in the 2014 TSX Venture 50®, a ranking reserved for the strong performing companies listed on the TSX Venture Exchange. The 2014 TSX Venture 50® is a ranking of top performers on TSX Venture Exchange spanning Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology & Life [...]
Iona is pleased to announce an operational update related to its Huntington Oil Field located in the UK North Sea. During Q4 2013, Iona produced on average 3,280 boepd as Huntington ramp-up continued to increase following the previously announced curtailment of production by the operator of the Central Area Transmission System from mid-September to [...]
Iona is pleased to announce that the TSX Venture Exchange has approved its application to graduate to Tier 1 of the TSX Venture Exchange. Iona will commence trading as a Tier 1 issuer on Wednesday, January 8, 2014. Additional information relating to the Company is available on SEDAR at www.sedar.com. Iona is an oil and gas exploration, development [...]
Iona is pleased to announce an operational update related to its Huntington Oil Field located in the UK North Sea. Production at Huntington has returned to full capacity of approximately 30,000 bbls/d of oil and 25 MMscf/d of natural gas following the lifting of gas export restrictions at the BP Operated Central Area Transmission System. Outside of [...]
Iona announces that it has filed an amended and restated MD&A for the three and nine month periods ended September 30, 2013. The amendments to the MD&A are a result of a typographical error in the highlights section of the MD&A where the cash flow was referenced to a three month period instead of a nine month period. As the Company believes that [...]
Iona announces its financial results for the three months and nine months ended September 30, 2013. On September 30, 2013, the Company announced the settlement of the previously announced USD$275 million senior secured bonds issued by its UK subsidiary, Iona Energy Company Limited, and full repayment of the Company's Senior Secured Borrowing Base [...]
Iona is pleased to announce an operational update related to its Huntington Oil Field located in the UK North Sea and that an updated corporate presentation is now available on the Company's website at www.ionaenergy.ca. The Huntington Field is currently producing approximately 20,000 bbls/d of oil and 15 MMcf/d of natural gas as production [...]
Iona, announces that Rod Begbie, Chief Financial Officer of the Company, has resigned as CFO, as the Company and Mr. Begbie were not able to agree upon mutually satisfactory terms in relation to Mr. Begbie's contract of employment with the Company. Effective immediately, Graham Heath, currently VP Corporate Development, has resumed the position of [...]
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