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:
Work to improve mooring at Ferry Terminal in Liverpool scheduled for next week
Manx Care reports major drop in dental waiting lists
Police 'disappointed' to find more than half of vehicles with defects in latest winter checks
More coastal overtopping expected today