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:
Society appeals for help about traditional gypsy caravans on the Island
Do you know of any traditional gypsy caravans on the Island?
Government issues bird flu warning after infected buzzard found
The government's warning people not to touch sick or dead birds after a wild buzzard which died of bird flu was found in a garden near Bride.
Will new UK law be brought in to protect Manx renters from mould?
What consideration is the government giving to bringing in a UK law which protects renters from damp and mould?
Local Economy Forum launched to propose alternative to 'destructive' min wage increase
A Local Economy Forum is being launched to highlight what it's calling the destructive impact of the planned minimum wage increase.
Group raising money towards legal costs for new Summerland inquest
A campaign group is raising funds for a new inquest into the tragic Summerland fire of 1973.
Police appeal after Manx stone wall damaged
Police in the north of the Island are appealing for information after a car hit a stone wall.
MHK wants to see all private healthcare reports
An MHK has asked the Health and Social Care Minister to publish reports on the hospital’s private patient wing and services.
Let’s make Hop Tu Naa a boo-tiful night for all, say police
Police are reminding parents to know what their children are up to this Hop Tu Naa.
