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. The Company and its JV partner Greenland Energy Company ("GLND") are testing one of the world's largest remaining undrilled hydrocarbon basins in H2 2026.

80 Mile's Jameson Project covers 8,429km2 across three licences in East Greenland and represents one of the world's largest remaining untapped gas and liquids-rich basins. An independent 2025 assessment by Sproule ERCE estimated the basin contains 13.03 billion barrels (P10) of recoverable oil, with 80 Mile's retained interest equating to 3.9 billion barrels. In 2025, a milestone agreement with March GL (to be renamed Greenland Energy Co, NASDAQ: GLND) enabled plans for two fully funded 3,500-metre drill holes in the second half of 2026, after which GLND will earn a 70% interest in the Jameson Project, leaving 80 Mile with 30%."


https://www.londonstockexchange.com/news-article/80M/placing-to-raise-ps1-9-million-company-update/17706239


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https://www.linkedin.com/posts/stampede-drilling_greenlandproject-greenlandbound-builtforthejob-activity-7486059061109542912-Q9JH


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UPDATE. NEWS. 👇👇👇

https://selectionnewyork.blogspot.com/2026/04/glnd.html



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