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.
Amount of money deposited in Isle of Man has dropped
The Island's banking regulator says the total amount of money deposited in the Isle of Man dropped over the last financial quarter.
Island tourism video featuring John McGuiness wins award
A video featuring over 30 Manx businesses has won a prestigious award.
Private plane company gets new manager
An Island-based private plane company has announced a new manager.
Douglas based law firm appoints new advocate
A Douglas based law firm has appointed a new advocate.
Island bar beats out tough competition to win prestigious award!
An Island drinks venue has won a prestigious business award.
Indian government investigating money laundering through the Island
The Indian government says it's investigating possible money-laundering offences involving a Chennai-based power company that's alleged to have diverted money to the Isle of Man.
Have your say on changes to employment law!
There's just under a fortnight left to have your say on proposed changes to employment law.
Peel gym is getting a makeover!
A gym in the west of the Island could get a facelift under new plans.
