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.
New liquor licence aimed at helping private events
Plans to introduce a new liquor licence for small private events will go before Tynwald next month.
Special healthcare recruiting event this summer
Healthcare and social care professionals are being invited to a special recruitment event this summer.
Date set for flagship maritime industry event
A gathering described as the Island's flagship maritime event will be taking place next month.
14th Aviation Conference takes place this week
An event in Douglas this week will gather together some of the top names in the aviation industry.
Financial Intelligence Unit releases guide on spotting modern slavery
The Island's Financial Intelligence Unit has published a new document outlining red flags businesses should watch out for when it comes to human trafficking and modern slavery.
Total of 70 ships and companies sanctioned over Ukraine war
The Isle of Man has added 70 companies and ships to its sanctions list because of their involvement in the Ukraine war.
New stamps celebrate Island supercar culture
A new collection of stamps is being released by the Post Office to celebrate supercar culture and the Island's motorsport heritage.
New survey to gauge how confident businesses are
A new government survey's been launched to measure business confidence on the Island.
