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Iona Energy brings Huntington production wells fully back on stream


Published Apr 17, 2015
Iona Energy

Iona Energy Inc. makes the following operational update regarding production from the Huntington field.

The Company previously advised that Eon, the Huntington Operator, had notified resumption of service from the Central Area Transmission System. The Company is pleased to report that the four production wells at Huntington are now fully back on stream and currently producing around 25,000 bbls of oil per day with around 3,000 boe of associated gas per day exported into CATS (28,000 boe/day gross, 4,200 boe/day net to the Company's 15% working interest).

The above production rates are in line with expectations of initial rates from the wells post a period of shutdown and consistent with the assumptions made by the Company in its 5th March announcement that production will naturally decline through 2015 and that there may be reduced access to CATS during June and July for gas terminal maintenance.

Tags: Iona Energy Inc.




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