Iona Energy Inc. is an oil and gas company. The Company is focused on acquisition, appraisal and development of oil and gas discoveries. The Company, through its subsidiaries, is active in the United States (Alaska) and the United Kingdom's North Sea with its focus primarily on the North Sea. The Company holds five core assets, four crude oil projects, which include Huntington, Orlando, Kells and West Wick and one natural gas project, which include Trent & Tyne Assets. The Company's wholly owned subsidiaries include Iona Energy Company (UK) plc, Iona Energy Company (US) Limited and Iona UK Developments Co. Limited.