Many near term catalysts will drive IONA much high from current levels!

Current NAV around $1.25-$1.50, Current NPV10 $1.2 Billion!

Brief Buy Recommendation on Iona Energy

Iona Energy~ primarily an O & G play located in the North Sea.

We have decided to supply the reader with the tools to draw his or her own conclusion.

1. Visit the website and review the Dec 2012 Presentation www.ionaenergy.com

2. Read the press releases especially the game changer dated Dec 28th 2012.

3. Current acquisition to close before Jan 31st 2013 and will create an immediate 6000 boepd from the consummated deal, which include a 15% non operated position within the Huntington, a $111 million tax loss, 2P reserves of over 6 mmbbls and a total 2P of all acreage of 38 mmbbls.

4. Upon review of the Dec 2012 presentation make sure that you review the management team.

5. Management is A+

6. Go to www.stockhouse.com and use the symbol V.INA, go to message board and scroll down to message #32011788 and listen and review major fund manager for ABC Funds of Canada ( holds 14.25%).

7. Near term upside will result from closing of acquisition towards the end of Jan 2013.

8. During Jan 14-16 2013 TD London Energy Conference- Iona Energy and another friend Coastal Energy -cenjf ( recommended around $5.50 currently $21.80 ) will be presenting.

9. Production from their 15% non-operating interest will be on-line within a few months.

10. IONAF priced @ .63 is less than 50% of NAV.

11. Around 325 million shares outstanding.

12. IONAF is currently making new highs and trades above its 50 and 200 mda with growing volume.

13. We believe that the "dog and pony" that will happen next week, the closing of the acquisition, production from new acquisition, new reserve report due on or about April 30th 2013, updated and new brokerage reports and firm Oil prices ( Brent prices for its oil) will spring IONAF to much higher levels. Brent is currently some $20 dollars above WTI~very Bullish!

14. Canadian Oil and Gas stocks have lagged dramatically when comparing to the price of the commodity and we believe that a catch up could and should happen during 2013.

15.Management believes that the cash flow of 6000 boepd will help the company to develop the additional 38 mmbbls(2P) of Oil and Gas within their properties during future years.

16. We would not be surprised to see within a few months that IONAF or INA.V trading well over $1.25 and management doing a raise in order to develop acreage faster.

17. We also anticipate that within a few months when all the dust settles that ION.V will list itself on the Toronto Exchange. This would yield greater exposure, participation from funds, ETF, Institutions and Indexes. This alone would add additional upside.

Overall: This looks like a big winner and we are onboard. We have to make even more money because our supreme leader in Washington wants more and more money for the programs. It is called wealth redistribution.

I hope in 4 years that we are not totally gutted!

WE RATE IONA ENERGY WITH A VERY STRONG BUY RATING @ CURRENT LEVELS FOR SHORT AND LONG TERM APPRECIATION. WE COULD EASILY SEE A $2-3 DOLLAR STOCK WITHIN 18-24 MONTHS IF MANAGEMENT DELIVERS.

10 stocks featured in last email alert! Some new and some old!

Dec 18th 2012---------------Jan 12th 2013

symbol----price-----current---status----

skwef-----.80----------.70---------strong buy

sn-------17.91-------20.61--------strong buy

nog-----16.94--------17.07-------strong buy

tplm----5.90--------6.16------------Hold

cwei-----40.38-----42.20---------strong buy

axas-----2.08------2.22--------strong buy

cenjf-----19.74----21.81 ------strong buy

apwc----3.08-----3.55---------super strong buy

kog-------9.22-----9.20 -------strong -buy

We remain extremely bullish towards selective Domestic and International Oils. As mentioned within earlier alerts~ we get organic growth, potential take-over and the political risk all in one. We believe that some of our Oils will be eaten by a bigger fish during 2013~~~kog, cenjf,nog,cwei and axas.

APWC~ remains our top non-oil~ "Cheapest stock in the world" !

Final Note: Currently skiing @ Big Sky Resort and Moonlight Basin. Temp today was only -15F without the wind! We will be going up and down for around 3 months if the body will last!

We have not been paid by any of the listed investments within the alert. We may buy, sell and or hold @ own discretion.

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phone service/year $2500.00~ we call you with next recommendation before the herd

for more information ~ 801 272 4761 Or send a check to S. A. Advisory 4700 S Holladay BLvd, SLC Utah 84117