Roderick McIllree, Executive Director of 80 Mile, stated: Greenland Energy Company ("GLND") are testing one of the world's largest remaining undrilled hydrocarbon basins in H2 2026.
Greenlanders want to find out if they are mega-rich. $GLND Roderick McIllree, Executive Director of 80 Mile, stated; "This Placing strengthens our financial position as we enter one of the most active periods in the Company's history. Preparations for the fully funded two-well drilling campaign at Jameson are well advanced. This programme will test one of the largest remaining undrilled conventional hydrocarbon basins in the Western world and represents a major milestone for 80 Mile and our partners. The Company held high-level talks in Nuuk last week with regulatory and oversight bodies and is pleased with the status of permitting and support shown for the Jameson project. The approval process and logistical preparations for the fully funded, two-well, drilling campaign at Jameson continue at a pace, with the Stampede Drilling drill rig recently rebuilt and commissioned prior to being containerised and loaded onto the equipment ship destined for Greenland in several months. T...