Cuadrilla saw profits drop by a third in 2018, according to annual accounts published this week.
The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
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.