Determining to what level there are hydrocarbons in Manx territorial waters is somewhat of a 'premature' issue.
That's according to the Department of Economic Development which is currently looking for someone to undertake a 3D seismic study to provide further data.
It's estimated that there is around a 90 per cent probability of gas deposits which could generate revenue of around £100 million.
Minister John Shimmin says work to explore the idea will come at little cost to government:
Commissioner worried over Ramsey flood wall design
A Ramsey commissioner says he's worried flood prevention proposals for the town's harbour will halve the amount of parking nearby.
AG's chambers wrongly blocked FOI response, says info commissioner
The Information Commissioner says the Attorney General's Chambers must reconsider its response to a Freedom of Information request after wrongly applying a blanket ban on the answer.
Navy ship off Island's coast
A navy patrol ship has been maneuvering around the south of the Island today.
'Harrods of the West' to reopen in April
The Western Civic Amenity site says it's planning to reopen reuse bays later this year.
Mountain Road closed on 68 days last year
The Department of Infrastructure says the Mountain Road was closed almost every five days on average last year.
Terry’s Tato’s owner named 2026 Customer Service Champion
Douglas City Centre has celebrated its 2026 Customer Service Champion Awards, with over 5,500 public votes cast.
Treasury rules out universal basic income
If you were holding your breath about universal basic income in next week's budget, you can let it out.
'Incredible' M&S team marks 150 years of collective service
Five members of staff at Marks and Spencer have been celebrating - after achieving a combined 150 years' service with the company!
