The question of how any income from the contract awarded to explore for gas in Manx waters could be utilised is 'premature' according to the Chief Minister.
Howard Quayle MHK added the process of surveying for resources is at a very early stage - stating the government shouldn't start 'counting our chickens before they have hatched.'
Mr Quayle also added a decision would need to be taken in the future should the prospect of income from it become a possibility.
The comments came in response to a question in the House of Keys this week from Ayre and Michael MHK, Tim Baker, who'd asked how the Chief Minister aims to utilise any proceeds from granting the deal to explore for gas out at sea.
Appeal launched after fly-tipper filmed dumping rubbish
Prepare your pets for Bonfire Night, says Manx charity
Manx Care bringing in mobile translation machine
Steam Packet says it would get too many Freedom of Information requests
Vintage TT trophies on sale for £5,000
TT merchandise company still owes government over £100k
Manx Care's annual assessment shows £15.6m deficit
House of Keys to sit this morning
