- Oil and gas company i3 Energy booked a full-year loss as it prepares to conduct drilling in the UK.

Pre-tax losses for the year through December amounted to £2.0m, compared to losses of £2.9m.

'2018 was a transformational year for i3 Energy as we significantly expanded our asset base and positioned ourselves to conduct, subject to the finalising of financing facilities, what is hopefully a game changing drilling program in 2019,' chief executive Majid Shafiq said.

At 2:48pm: (LON:I3E) I3 Energy Plc Ord 0.01p share price was -1.25p at 38.75p

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