Member Info for A-s-h-t-o-n

These important items were achieved in the past few months which are key requirements for proceeding with the drilling:

a) Contract with maritime group Desgagnés for shipping drilling associated equipment

b) Contract with Stampede Drilling

c) Contract with IPT Solutions

d) Contract with Halliburton

e) GLND listing on Nasdaq

f) As a result of listing, funds for drilling the first two wells were successfully raised

It begs the question why we have had a single positive comment from RachT2 on any of the items above. No prizes for working that one out.

RachT2 - Why did I even bother to ask that question, never mind.

By the way, I was amused to read you say I prefer to focus exclusively on the positives. The phrase "a fox smells its own hole first" came to mind.

Do you ever look yourself in the mirror?

RachT2 - The Sproule ERCE report was an independently produced document. It was prepared by Jeffrey Aldrich, Principal Geoscientist/Professional Geologist. He is a Certified Petroleum Geologist (CPG) and a member of The American Association of Petroleum Geologists and has sufficient experience of petroleum reserves and resources evaluation to qualify as a Competent Person for the report. The resource evaluation was prepared in compliance with both ​the SEC and PRMS ​(Petroleum Resources Management System) evaluation standards.

I am happy to go with the assessment of a professional like Jeffrey Aldrich. Do you hold any professional experience/qualification in ​Geology/Geoscience with particular expertise in physical mapping and "petrology" (the study of the rocks themselves)? If so, what is your qualification?​

I was only seeking clarification, and thanks for admitting that it was your interpretation and not Sproule’s acknowledgement. Please keep posting.

Like Panman, I too was somewhat taken aback by your comment in relation to the Sproule ERCE report. You said: "...they’re (Sproule ERCE) acknowledging that the burial/uplift history introduces uncertainty, not just upside."

Could you copy ​and paste the excerpt from the report where Sproule ERCE has acknowledged such a scenario, as you have expressed?

Thanks to Bill-on-the-Hill for starting this thread on 11/04/26. I thought an update would be helpful on the key executions completed so far:

1. Contract with maritime group Desgagnés

2. Contract with Stampede Drilling

3. Contract with IPT Solutions

4. Contract with Halliburton

5. Drilling costs for the first two wells fully funded

The next key mobilisation execution: Desgagnés ship leaving the Port of Montreal for Greenland on 12/09/26 with all the necessary drilling associated equipment. This event will be filmed and posted on social media, according to Robert Price.

PS: I would suggest you read Bill's post by clicking this link - https://www.lse.co.uk/ShareChat.html?ShareTicker=80M&share=80-Mile&thread=FDEF9C02-B11A-4534-9C14-5B6D32B1EA95

This podcast was streamed less than 24 hours ago. TonyAngelino kindly provided us with the link on 29/04/26 (under a different thread). In my view, ​one of the most encouraging takeaway​s ​for an investor was when Robert Price commented: “after drilling the first two wells we could look more like a major​ oil company as a market cap” (23 mins into the podcast).

I repeat, Jameson Land is a HIGH risk play but the reward​s could be HUMONGOUS!

https://www.youtube.com/watch?v=t1nxaTPXtQk

Bombastic (01/05/26): "None of that matters to us, we'll be bought out if a 13billion barrel district is proved up"

If anyone missed my post on 18​/04/26, here it is - https://www.lse.co.uk/ShareChat.html?ShareTicker=80M&share=80-Mile&thread=EB8BB16A-B9B1-42D6-9983-5351D0674E2A

Correction: b) The Goal: Delineating a P10 resource of 13.03 billion barrels of oil and potential Helium.

Take a look at the title for this post "Watershed confirmed Trump Confirm 2C 7:11-22 Prep Season 5 = L" . What does this mean? Here it is decoded.

Trump Confirm 2C 7:11-22 - This refers to Donald Trump's pre-recorded video released on 21 April 2026, for the "America Reads the Bible" event - https://www.youtube.com/watch?v=7oqyMMBAapY

2C 7:11-22 stands for 2 Chronicles, Chapter 7, Verses 11 through 22.

Prep Season 5 = L  refers to the fifth "season" or phase of the project (the mobilization for the 2026 drilling); L: In this specific context, "L" stands for "Launch" or "Live."

Season 1 - The Heritage Phase (Historical Foundation): This wasn't just old paperwork; it was the "Bigger Picture" foundation. 80 Mile spent years acquiring and re-interpreting data from ARCO (Atlantic Richfield Company), who spent over $100M in 1980s dollars. This phase proved that the basin wasn't just a "theory" - it had all the geological markers of a North Sea-style oil system.

Season 2 - Consolidation & Licensing: During this period, Rod McIllree and the team moved to take full control. While other companies were struggling with Greenlandic regulatory shifts, 80 Mile successfully secured three massive exploration and exploitation licenses. This turned the company into the "Custodian" of the basin.

Season 3 - The Joint Venture (The "Free Carry"): The masterstroke of the plan was finding a partner to pay the bills. In 2024, they signed the deal with what became Greenland Energy Co (GLND). The deal was simple: GLND pays 100% of the cost for the first two wells (roughly $70M) in exchange for 70% of the project. This allowed 80 Mile shareholders to keep 30% of a massive asset without the "dilution death spiral."

Season 4 - The Financial Bridge (Nasdaq Listing) - This was the "Paperwork War." For the last 18 months, the company was locked in a battle to meet SEC requirements and list on the Nasdaq. This phase was the "End of the Beginning." It culminated in the $70M fundraise that closed on 29 April 2026.

Season 5 - This is marked as "L" (Launch): Now that the cash is in the bank (Season 4 complete), the project is no longer a financial story - it is a physical story.

a) The Logistics: Heavy equipment is already in East Greenland, the rest will be there soon (September 2026).

b) The Goal: Delineating a P10 resource of 13.03 billion barrels of oil and potential White Helium.

Never mind invest92651 enigmatic posts. The "Plain English" Reality: If Season 1–4 was the "Preparation," Season 5 is the "Test." By the end of this year, we will finally know if the "Big Picture" in the Jameson Land Basin is a reality.

MarylinMoron - Please see page 20.

https://www.80mile.com/sites/default/files/2026-01/80M%20Corporate%20Presentation%20v4.pdf

Hits55 (30/04/26): "Surely this is a watershed moment now and people no longer need argue over the legitimacy of the raise or the value it adds to 80M?"

You are spot on Hits55 when you say it's a "watershed" moment. The perfect way to describe yesterday (29/04/26) is it's the "END OF THE BEGINNING" and the "START OF THE END"

END OF THE BEGINNING - Completion of the administrative and financial setup. For years, the beginning was about securing licences, doing seismic surveys, and - most recently - the gruelling long SEC process to raise $70 million. Yesterday that phase was over. The company is funded, listed on the Nasdaq, and the paperwork era has ended.

START OF THE END - Now it's the start of the final objective: Drilling for oil and gas. The end in this case is the ultimate goal - the discovery of a multi-billion-barrel resource. We are finally at the stage that will determine the final outcome of this entire journey.

Good luck guys!

RNS 30 April 2026 - https://www.londonstockexchange.com/news-article/80M/jv-partner-greenland-energy-company-raises-70m/17570496

Spatzi - In the US a company can and often does make a public announcement before the Form 8-K appears on the SEC’s EDGAR website. In fact, many companies issue a press release first and then file the 8-K shortly after, using the press release as an exhibit in the filing. Here is the press release issued today, which pied piper has just posted.

https://finance.yahoo.com/sectors/energy/articles/greenland-energy-company-announces-closing-210900328.html

Now that the Jameson Land project has been bulletproofed, it's time for us to turn our attention to Disko. And don't forget, we can expect Disko drill results well before Jameson Land. Let's see what the next update on Disko says.

SilverFoxd - No problem. I wish you good fortune with your investment.

This article is dated 28/04/26. If you are a serious follower of the Jameson Land project I would suggest you read the article in full.

https://www.energywirenews.com/global-instability-accelerates-push-for-domestic-energy-security/

Good news guys!

The Form 424B4 (Prospectus) has just been filed with the SEC. This confirms the final price and number of shares on offer.

The next filing will be 8-K (Current Report): This is a press-release-style filing that usually carries the headline "Greenland Energy Company Announces Closing of $70 Million Public Offering."

https://www.sec.gov/Archives/edgar/data/2093507/000182912626004054/greenlandenergy_424b4.htm

Thank you, SilverFoxd for your prompt reply. I appreciate when someone gives a direct answer to a direct question without hesitation, deflection or deviation.

SilverFoxd (29/04/26): "Failed fundraiser and this (80M) is going to 0.6p then all the way down to 0.3p."

Would you care to give your share price prediction for a successful fundraiser?