Member Info for achilles

NT to buy

Ask 0.74 now

Should do another 100%+ today

40 billion barrels of oil, 80M has 30% stake

No spend, no dilution — they’re carried through drilling!

Excellent summary by Early_Bird last night,

80 Mile PLC (AIM: EIGHT) – Just Had Its 30% Stake in Greenland Oil Project Valued at $92M… on a £30M Market Cap 💥

This one’s flying under the radar… but maybe not for much longer.

Today, 80 Mile PLC confirmed that its 30% stake in the Jameson oil basin in Greenland has been independently valued at $92 million, thanks to a major NASDAQ SPAC merger involving its partner March GL.

Here’s the play:

March GL is earning into 70% of the Jameson project by fully funding two deep exploration wells (3,500m+ each)

That 70% stake has now been valued at $215 million

By extension, 80 Mile’s remaining 30% = $92 million valuation

Current market cap? Just £30 million (~$38M)

That’s 3x the company’s value — just for one asset.

But it gets better...

🛠️ Drilling Imminent, Fully Carried

80 Mile is fully carried for the upcoming drilling — no dilution, no capex

Halliburton and other top-tier contractors signed on

Drilling equipment is being mobilised now

Greenland government has approved logistics

A new NASDAQ entity ("Greenland Energy Company", ticker: GLND) will house the asset going forward

80 Mile retains 100% ownership until drilling is complete — then holds 30% via its Danish subsidiary White Flame Energy A/S.

🌍 Why This Is Big

Jameson is one of the largest undrilled oil prospects left globally

Historical estimates suggest up to 40 billion barrels of oil equivalent

Over $275M already spent on exploration by majors like ARCO

This isn’t a pipe dream — it’s now backed by serious US money and institutions

🧠 Management Quote (and it's a good one):

"Our 30% stake is now valued at $92M — not by cautious UK consultants, but by real-world oil experts. This project is huge on a global scale."

🔥 TL;DR:

80 Mile has a $92M asset on a £30M market cap

No spend, no dilution — they’re carried through drilling

NASDAQ backers and Halliburton on board

Greenland fully approved the operation

The re-rate looks inevitable if/when the wider market catches on

Not financial advice, obviously. But this has all the ingredients of a small-cap moonshot — with proper backing, upcoming catalysts, and a clear mismatch between asset value and market cap.

40 billion barrels of oil!

"With more than $275 million of historic expenditure and investment in the Jameson Basin by global majors, including ARCO, and independent American based resource estimates suggesting up to 40 billion barrels of oil equivalent across the concession, this latest development, the globally recognised names that are involved now and the deep pockets of our financial supporters underscores the strategic significance of the project and validates the strength of our new partners"

Exactly, compare US rare earth stocks to UK ones, the difference in mcap is mind boggling

Will hit 1p+ tomorrow

Just traders leaving, going back up now

Get ready for lift off, we going vertical soon!!

Should go vertical before 4.30

1p today, 2p+ tomorrow

Some were selling at 0.45 with that RNS lol

2p+ tomorrow!!

More monster buys, 1p party soon guys!!

0-Sep-25 15:38:42 0.70 8,000 Sell* 0.70 0.75 56.00 O

10-Sep-25 15:38:39 0.75 1,000,000 Buy* 0.70 0.75 7,500 O

10-Sep-25 15:38:27 0.748 1,500,000 Buy* 0.70 0.75 11.22k O

10-Sep-25 15:38:22 0.748 1,000,000 Buy* 0.70 0.75 7,479 O

10-Sep-25 15:38:13 0.744 736,400 Buy* 0.70 0.75 5,479 O

10-Sep-25 15:38:12 0.726 1,710,000 Buy* 0.70 0.75 12.41k O

10-Sep-25 15:38:06 0.749 1,500,000 Buy* 0.70 0.75 11.23k O

10-Sep-25 15:37:54 0.744 22,778 Buy* 0.70 0.75 169.47 O

10-Sep-25 15:37:50 0.744 866,666 Buy* 0.70 0.75 6,448

Wow this is even more undervalued then, 4p+ soon??

This is like buying EME at 0.4 when it rerated to 1.2 in a day!

Mcap still only £30 mil vs $92 million valuation

2p is only fair value, might go higher

Sea of blue, lovely!