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Vol. 13, No. 9 Week of March 02, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


Newcomer Iona has eye on Alaska

Canadian-Scottish company got one high bid in Chukchi Sea lease, plans to pick up additional offshore acreage around the world

Eric Lidji

Petroleum News

At the historic lease sale on Feb. 6 for drilling rights to the Chukchi Sea, one company managed to raise eyebrows not for spending big bucks, but for showing up at all. The Iona Energy Company (US) Ltd. bid nearly $8 million on 38 leases, often competing against multimillion dollar offers from Cono....

    [additional news subjects in this story]

Hoping to start acquiring leases


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