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Typical of stupid Hamilton to go on with

I was just rewatching one of the podcasts and now see that Larry Swets is just the SPAC man while Robert Price is the accomplished oil man. What I can see though is that whether this is a SPAC or an IPO matters not a jot and that part is officially all over as soon as Greenland Energy list and that the only thing that counts for 80M shareholders is the listing m/cap. Whether GLND have to raise more funding to pay for the drilling of the 2 wells doesn't in any way affect 80M's holding as they will always have their 30%. Incidentally Larry said that the m/cap of GLND was going to be in the $200M to $300M range which equates to a share price for 80M at full value of between 1.27p and 1.9p with a midpoint for $250M of 1.58p - all above the current share price.

Just out of interest where are you guys buying PELI? More than one poster has mentioned this but they are not available or even listed on IG or AJBell. Cheers in advance.....

I was most impressed with the 2 podcasts I have listened to so far and both Larry Swets and Robert Price appear to be very competent and make a super team. Also a surprise was how much planning and work and even sourcing of equipment is already in progress. But this listing is turning into a complete fiasco with no one knowing what the f*ck is going on and the share prices of both 80M and PELI are all over the place. Lets hope they can manage the listing soon and it all gets sorted out at which point I would expect a minimum of 2p here and if GLND takes off 3p or more.

ATB

This is becoming a little annoying.

Everything was primed and ready for GLND to list on the 18th, the day after the approval from the PELI shareholders. When that target date was missed the PELI share price fell sharply and appeared to take the 80M share price down with it. The rumour was then that GLND was going to list today and the sharp recovery in the PELI share price yesterday seemed to confirm this but obviously it hasn't happened.

Obviously it is going to happen very soon but it might help if the merger partners got their act together and agreed a date and even announced a date and then kept to it. Meanwhile we wont know the starting m/cap of the newly formed Greenland Energy until it lists.

Yeah, companies of this stature would normally list on Nasdaq with a valuation in the billions while GLND is starting with a very modest valuation which could be either around $215M or as high as $335M. The former would give 80M a valuation of around 1.4p per share and the higher figure about 2p.

"AI Overview

Based on the merger agreement, the initial valuation for the combined Greenland Energy Company (to be listed on NASDAQ under the ticker GLND) is approximately US$335 million.

Key valuation details from the March 2026 merger:

Merger Structure: Pelican Acquisition Corporation (NASDAQ: PELI) announced a double-merger with Greenland Exploration and March GL to form Greenland Energy Company.

Implied Valuation: The $335M valuation is based on a $10 issuance price. Other reports mentioned an implied valuation of $215 million for 70% ownership, excluding cash.

Asset Value: The company focuses on the Jameson Land Basin in East Greenland, which holds roughly 13.03 billion barrels (P10) of recoverable oil and gas, with an additional 58 prospects identified."

That appears to be a big post about nothing. I was under the impression that no wells had been drilled. In fact the 27th Feb RNS from 80M says just tjhat:

"About the Jameson Hydrocarbon Project

The Jameson Land Basin is one of, if not the last, highly prospective, yet completely undrilled basins globally, but with a clear genetic link to the North Sea as well as a scale similar to many of the world's major producing regions."

It would be nice to hear if the US investors are going to get involved and fund some of the costs going forwards - "Headline terms agreed with US investor group to co-fund the Rost twin well" from 2nd March RNS.

PELI up a further 5.47% in after hours trading to $9.84. Surely it would make better sense to buy more 80M as this is now nearly 25% adrift of then PELI recovery price.

The share price action at PELI looks like it should be happening tomorrow.

Okay, thanks.......... looks at though the blip at PELI - and here - was just due to the few days delay in GLND going live and probably nothing more than that. A rise back towards 1.50p would be good for starters

ATB

Is the GLND official listing due tomorrow? I think that I read on here that it is, but where is that info coming from? anyone..........

Looking at the very low number of people who have watched the last 2 podcasts, one by Reddit and the other by GateWatchMedia, (only 272 and 322 respectively) I would conclude that not only do US investors not listen to podcasts very much but also that those figures show that this share is still pretty much under the radar in this country. Lots more to come here.

PELI might even get back to $10+ today at this rate.

I can't see why GLND should open below the transaction valuation (the same one that values 80M's 30% stake at $92M). PELI is already back up 12.59% today and looks strong to rise further. And knowing the US market, GLND could rise even further in the next day or two as cheap IPO's/SPAC's can be bought into very heavily when open trading commences.

https://uk.finance.yahoo.com/quote/PELI/

You're right. 25,000 to buy is 5p: 30,000 to buy is 6.3p

Y

Cheers, from yesterday I see. Rig is on its way. Great news.

From update dated 12th March:

"Rig expected to be on site in the week commencing 16 March 2026"

have we had any updates re the rig? if not then maybe one would be good.

There will need to be an RNS out from 80M as the approval by PELI shareholders is an important milestone and clears the way for drilling preparations to commence. Also an exact date when GLND will start trading would be good.

Https://www.youtube.com/watch?v=-yU_eLlXNd8

Yes on here the Stockbox team say that SVML has a m/cap of £300,000 which is highly inaccurate.