IGas back in profit predicts 2018 will be “a defining year”
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
The company behind plans to frack at Kirby Misperton in North Yorkshire released its long-awaited 2016 accounts this morning, declaring a loss of £3.405m.
Cuadrilla has accused some of the opponents of its shale gas operations in Lancashire of “irresponsible and intimidating behaviour”.
The largest holder of oil and gas acreage in south-east England is seeking to add to its assets.
Third Energy UK Gas Limited – the company behind fracking plans at Kirby Misperton in North Yorkshire – made a loss of £3.854m in 2015.
The shale gas company, Cuadrilla, has announced a loss of $17.671m for the 12 months ending 31 December 2015, up from $11.568m on the previous year.
The oil and gas company, Europa, recorded a pre-tax loss of £1.9m for the year to 31 July.
IGas announced it would submit a planning application to drill exploratory wells in Nottinghamshire in the next quarter. The company in its annual accounts released today said if it received consent it would expect to start drilling in the first half of next year.