Estimated cost of work to complete hydrocarbon licence up to £40 million
External advisors are conducting an assessment of the financial capability and capacity of Crogga, according to the infrastructure minister.
It's been granted a licence by the department to drill for gas in the seabed off Maughold.
The estimated cost of the work for the licence is £37-40 million.
A decision still hasn't been made on whether or not Crogga can vary the licence to avoid carrying out a 3D seismic survey of the sea bed - something that would save over £10 million.
In Tynwald today (10 December) Michelle Haywood was asked what proof her department has that there are funds available to meet her department's licence requirement, given the recent tribunal:
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