Iona Energy Inc. makes the following operational update regarding production from the Huntington field.
The Huntington field has been operating under gas export rate restrictions since October 2014 which has reduced the rate of oil production from the field. The Company has been advised by the Huntington field operator, Eon, that the CATS operator has confirmed a resumption of normal operations.
Management of Iona understands that different fields which use CATS are being brought on line. Eon has confirmed to Iona that the Huntington field is ready for full ramp up when unrestricted access to CATS is made available. Iona will update the market when that occurs.