Economic Development Laurence Skelly says he doesn't know when the government will choose a company to drill for gas off the Island's coastline.
He faced a question for written answer this week in Tynwald from Douglas East MHK Chris Robertshaw on the issue.
Mr Skelly said applications opened in July and will shut in November.
But he said he wasn't sure what date the winner would be announced because it would depend on how many companies apply.
Two weeks left to enter Manx Menu competition
There's still a fortnight left to enter your business for this year's Manx Menu contest.
Free legal advice service at MannBenham
A local legal firm is offering monthly drop-in sessions where people can get free advice on Family Law.
Business banking survey to raise money for charity
Taking part in an online survey about business banking will help raise money for an Island charity.
Brewery appoints new director for pubs arm
Heron & Brearley has appointed a new managing director for Okell's Inns.
New cannabis social club and cafe launches
A new cannabis social club and cafe in Ramsey has launched safe consumption passes.
New business aims to improve Island deliveries
A new business to tackle the problem of online shopping not being shipped to the Island is launching this month.
Island firm named Trust Company of the Year for UAE
An Island-based firm has been named Trust Company of the Year in the United Arab Emirates.
Businesses invited to Southern Agricultural Show
Would your business like to be part of one of the Island's biggest annual events?
