Iona Energy Inc.

TSX VENTURE : INA


Iona Energy Inc.

March 19, 2014 17:26 ET

Iona Energy Announces Organizational Update

CALGARY, ALBERTA--(Marketwired - March 19, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN UNITED STATES

Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) announces that Alan Curran, Chief Operating Officer ("COO") 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.

The Company is pleased to announce also that Phillip Oldham, formerly Managing Director of Nexen UK, will be assisting Iona in the Company's plan to elevate its capacity for execution and growth through operatorship in the North Sea basin. As such, Phil brings valuable executive level broad business and commercial North Sea experience with respect to operatorship, joint ventures, new business operations, supply chain management and access to infrastructure.

Iona would like to thank Mr. Curran for his hard work and efforts during Iona's growth into a successful North Sea production company and wishes him continued success in his future endeavours.

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.

Contact Information

  • Iona Energy Inc.
    Neill A. Carson
    Chief Executive Officer
    +44 1224 228400

    Iona Energy Inc.
    Graham A. Heath
    Interim Chief Financial Officer
    +1 403 605 6726

    Iona Energy Inc.
    David Ricciardi
    Manager, Investor Relations
    +1 403 978 4894