Iona Energy PLC, trading on the OTCMKTS under the ticker IONAF, is an independent oil and gas exploration and development company. The firm concentrates on identifying, appraising and commercializing gas resources, with a primary focus on offshore prospects in the UK North Sea.
The company’s flagship asset is the Cedar gas discovery, where it is progressing appraisal drilling and front-end engineering studies to evaluate the field’s development potential. Iona Energy also holds interests in several appraisal and exploration licences, leveraging advanced seismic data analysis and strategic joint-venture partnerships to de-risk and advance its portfolio.
Headquartered in London, England, Iona Energy applies a disciplined project management approach, integrating subsurface expertise with engineering and finance capabilities. This positions the company to execute phased developments and tie-back solutions, which can accelerate time to first gas and optimize capital deployment.
Led by a management team with extensive backgrounds in North Sea operations, reservoir engineering and project finance, Iona Energy seeks to deliver long-term gas supply to the UK domestic market while pursuing additional exploration upside across adjacent acreage.
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