Iona Energy today TSX Venture listed corporation, UK North Sea pure play Q2 production c. 3,000 boe/day (from Huntington and Trent & Tyne) Orlando development - next step in organic growth 2P reserves of 34.0 mmboe1 (18% in producing…
Iona Asset Portfolio Huntington Trent & Tyne 0.5 RONAN & ORAN 4.1 1.6 Oil Gas Gas Orlando Kells 3.2 3.5 11.5 Oil Oil Gas West Wick Asset 2P Reserves* Huntington 4.6 Orlando 11.5 Trent & Tyne 1.6 9.7 West Wick…
Orlando - field summary Orlando - Licence P.1606 NNS, Block 3/3b Iona working interest 75%, operator Partners Atlantic Petroleum (25%) 2P reserves Gross 15.4. MMbo (GCA 2013) Net Iona 11.5 MMbo Oil field located 10 kilometers…
Orlando - field summary Orlando - Licence P.1606 NNS, Block 3/3b 1 well sub-sea tie back to Ninian Central Platform (NCP) Sub-sea manifold and 10km export pipeline to NCP Allows potential expansion for 1 further well Sub-sea…
Huntington - field summary Huntington - Licence P.1114 CNS, Block 22/14b Iona working interest 15% (+ 2.55% DLE and royalty) (1) Partners E.ON (25%, op.), Premier (40%), Noreco (20%) 2P reserves Gross 29.2 MMboe; 25.5 MMbbl oil, 21.9…
Iona Energy - strategy New management team Tom Reynolds (ex Bridge Energy ASA) appointed CEO Iain McKendrick (ex Ithaca Energy) appointed executive Chairman Future strengthening of management team in progress (CFO, Operations &…
Iona Energy Focused Plans Orlando export finalised Push ahead with development at appropriate cash spend to take advantage of financed contracting market Huntington maximise short term cash flow Co-operate with Operator to reduce…
Summary of risk factors Iona's business is subject to numerous risk factors which may have a material effect upon its properties, results of operations and financial position. Please refer to the risk factors described in the Company's…
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