The government says it's hoping to find companies interested in drilling for gas off the Island's coastline.
The Department of Economic Development has opened a round of licensing to exploit undersea gas reserves.
Bidding will close on Sunday December, 10 and the British Geological Survey will be showing Manx seismic data at an office in Edinburgh.
DED member with responsibility for energy Lawrie Hooper MHK says any finds could bring in cash for government and diversify the economy.
Crogga still owes the Isle of Man Government money
DoI says works at Liverpool ferry terminal will take longer
Over 50 employment tribunals outstanding at the DoI
Free period products bill raises cost concerns for MHKs
Key road in Ramsey to re-open early this afternoon
Want to start training to become a nurse?
Appeal launched after fly-tipper filmed dumping rubbish
Prepare your pets for Bonfire Night, says Manx charity