Iona Energy Inc.
TSX VENTURE : INA

April 30, 2012 23:43 ET

Iona Energy Inc. Corrects Anticipated Drilling Date at Trent & Tyne

CALGARY, ALBERTA--(Marketwire - April 30, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION

Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) corrects timing regarding drilling of the Tyne T5-z production well. Drilling operations are anticipated to commence in July 2012 and not in July 2013, as mistakenly stated in today's earlier press release.

Forward-looking statements

Some of the statements in this announcement are forward-looking, including statements regarding Iona's plans for the development of its properties. 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, whether used in connection with estimated production levels and future activity or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. 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.

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.

Contact Information

  • Iona Energy Company
    Neill A. Carson
    Chief Executive Officer
    +011 (44) 7919 057989

    Iona Energy Company
    Brad G. Gunn
    Chief Financial Officer
    (403) 775-7442
    info@ionaenergy.com