Iona Energy Inc. announce an operational update related to its Huntington Oil Field located in the UK North Sea.

Iona's Q1 2014 average production at Huntington increased 34% over Q4 2013, from 2,974 boepd to 3,959 boepd, as operational and weather-related downtime at the field continued to improve.

Throughout the month of March, the reservoir and FPSO continued to support strong production levels with peak rates above 34,300 boepd, and the Huntington joint venture continued to optimize the lifting schedule at the field, resulting in a record of 4 cargos offloaded during the last three weeks of the month bringing the total number of liftings to date to 23.

Tags: Iona Energy Inc.