IGas Energy Plc announced consolidated earnings results for the year ended December 31, 2018. For the year, the company reported revenue of £42,928,000 compared to £35,793,000 for the same period last year. Operating loss was £21,240,000 as compared to £2,033,000 for the same period last year. Net loss for the year attributable to shareholders equity was £21,333,000 compared to profit of £15,481,000 for the same period last year. Basic loss per share was 17.56 pence compared to earnings of 12.76 pence for the same period last year.

The company announced production results for the year ended December 31, 2018. For the year, net production averaged 2,258 boepd compared to 2,335 boepd for the same period a year ago.

The company provided production guidance for the year 2019. For the year, The company anticipates net production of between 2,200 to 2,400 boepd.