Member Info for Jimbolina

Https://www.arctictoday.com/trump-administration-to-auction-oil-drilling-rights-in-alaska-wildlife-refuge/

It all sounds very similar to GREENLAND.

80 mile just posted on X

1/2) Did you know? Most new biofuel demand comes from emerging economies, particularly Brazil, Indonesia, and India. According to the International Energy Agency @IEA, total biofuel demand will rise 23% to 200 billion litres by 2028

(2/2) Our Greenswitch biofuels facility in Italy is fully operational and permitted, minimising the CAPEX for hydrogen and SAF production. Negotiations are ongoing to secure offtake for 100% of Greenswitch’s production capacity. Follow us for updates on the project!

Https://oilprice.com/Energy/Oil-Prices/Supermajor-Warns-Oil-Prices-Could-Hit-160-Within-Weeks.html

“We're approaching unheard of inventory levels. I mean, really, really low levels. You can debate whether that's going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you'll see price shoot up. A model would say dated Brent will shoot up. Once you get to that really low inventory level, up to $150, $160.The models would tell you that. And then what happens is when the price gets to a certain level, demand destruction brings it back into balance. Prices go so high, it becomes unaffordable. And that's what happens. And so we're at that level right now.“

Https://oilprice.com/Energy/Energy-General/US-Scores-Major-Rare-Earth-Win-With-Greenland-Deposit-Deal.html

Https://metro.co.uk/2026/05/24/donald-trump-posts-another-bizarre-truth-social-image-reigniting-greenland-tensions-28498806/?ito=newsnow-feed

The AGM is the 29th of June.

Https://x.com/gl_energy_co/status/2059667238542598299?s=61&t=9UQ5RAERXY2yIhX8-lqqbA

For those who had concerns about the uplift I had previously posted this video. The uplift and what it means is well covered by the experts. Does not sound like a bad thing to me. Worth a second watch perhaps.

https://vimeo.com/1129242924

So why not ask RM y email and obtain the answers to the questions you seek.

There is nobody on this board that can answer with anything other than a guess as to what he did, or did not pay for them.

Https://ca.finance.yahoo.com/news/exclusive-eu-push-jet-fuel-170354321.html

Increasingly an interesting story for 80m.

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Top menu rhs…. “members” …..then private messaging.

80M was very briefly mentioned in relation to licenses. Sadly he keeps telling everyone that 80m has been mining ilmenite for years on Greenland. I wish. Maybe Rod needs to educate him. I also noticed the 70% on one drill I think it’s 50% and they get another 20% on the second drill.

I picked up on the 5 year drill which is done for the majors if they take it over and he noted loads of holes needed to exploit the 13 billion barrels. The hole for the 50% takes 30 days but they are going slow. Other holes could be done in 5 days.

First time I have heard him talk about the risk.

There is quite a bit of discussion about the need to go to the depth of 3500m. One reason is the 5th of the oil traps could be down at that depth ,but what has perhaps been missed is the GEOTHERMAL POTENTIAL. It's the Artic and power in large amounts is hard to come by in a place like Greenland. Imagine you can smelter your critical minerals on Greenland with sufficient free power left to heat every home and building in Greenland for only the cost of the infrastructure. Or how about a fractional cracking tower on Greenland rather than export the Brent sweet light crude, instead you crack it to the various constituents and export petrol, diesel, lubricating oil etc... Maybe Bitumen for all the roads that need built or for resurfacing runways. Picture how little cost to extract is required if the heat generated is free (infrastructure and maintenance aside).

With Geothermal energy on site the possibilities really open up and the Greenlanders no longer need to import fuel oil to heat their homes in the -30 degree Winters. All government building also heated for nothing.

I forget which of the many interviews it was that Rod did but pretty sure he mentions they would have Geothermal experts on hand as the data comes in similar to the Big Oil majors sending their teams to collect the data live.

This is the main reason they are going so deep. A real game changer if it's found to be there but DYOR and don't take my word for it. Looking at Norway and with its 1.9 trillion dollar Sovereign wealth fund they know how to harness Geothermal energy and given its been noted that Norway and Greenland were once joined.....it's maybe not so much of a leap that it could happen on Greenland.......one day.

Does Norway Have Geothermal Energy?

AI Overview

Yes, Norway utilizes geothermal energy, primarily through shallow geothermal heat pumps for heating and cooling rather than electricity generation. It has one of the highest per capita rates of heat pumps in Europe, utilizing Ground Source Heat Pumps (GSHP) for buildings, including large-scale installations at Oslo Airport.

www.iea-gia.org

www.iea-gia.org

+2

Key details:

Main Use: Geothermal heat pumps are common in Norway, focusing on heating commercial and residential buildings.

No Power Generation: There is currently no electrical production from geothermal resources in Norway, as the country's electricity is almost entirely dominated by hydropower and wind.

Growth: The use of geothermal energy has grown significantly, with thousands of new geothermal heat pump systems installed annually.

Future Potential: While not a volcanic country like Iceland, Norway is exploring deep geothermal drilling, aiming to leverage expertise from the oil and gas industry for heat generation.

ScienceNorway

ScienceNorway

+5

On yesterday’s podcast at the very end the interviewer said that it’s the sort of story that would make a great documentary. Robert price said in the podcast yesterday they had employed a cinematographer to document the journey. He will be on the boat when the road building equipment arrives in July. He was also there when they visited Greenland and were inspecting the oil seeps. May not be too far fetched that if they hit oil the journey does end up on Netflix. There have been countless documentaries made about Prudhoe Bay after all.

Pelican Acquisition Corp. (NASDAQ: PELI) has appointed Ashiq Merchant as chief financial officer of Greenland Energy Company in advance of their proposed business combination. Following shareholder approval at the March 17, 2026 Extraordinary General Meeting, the combined entity is expected to trade on Nasdaq under ticker symbol 'GLND.' Merchant will oversee financial operations, capital markets strategy, governance and regulatory compliance as the company progresses development of the Jameson Land Basin. The merger represents a strategic combination between Pelican, a blank check company, and Greenland Exploration Limited, a Texas-based entity focused on North American energy assets.

It would only rise significantly if oil had been found after drilling, infrastructure built and the oil being sold. I am hopeful if they find the oil our share of GLND is bought out for the licenses. It will be a slog to get all that oil out and sold. Disko will take years and billions. Rod has said as much.

This was posted Feb 2025. Hopefully it’s not accurate that it will be 3 years before it’s operational. I had not seen it before so may be of interest to someone.

https://youtu.be/KX72rGP047Q

3:1 ratio buys to sells.

Vol. Sold 10,159,454

Sold Value £90.49k

Vol. Bought 29,615,556

Bought Value £267.04k

Market Size 2,000,000

Greenswitch is clearly taking a lot longer to get up and running that was hoped. The highest valuation I saw in the various documents which is did got through was the scrap value of $17 million. That’s makes sense as the kit is expensive and even barely used it still has significant value. I have never seen what it’s worth as a going concern with all the contracts in place. I had hoped that it would perhaps be enough to generate a half pence a share or better but the projection that was noted was something like 24 million euros net profit on the expected current production. They are not likely to be giving us anything as the plant will be new and may have various issues to resolve in its first year of full running. The grant is good news but again spending 10 million euros won’t take 5 mins more like another year or two so for now it’s irrelevant. The team to run it is 16 strong and we are now ….after an RNS paying an exec money to a manage it all. Buying an asset to sell later in the hope that it has appreciated in value is risky. For a company like 80m with no other income it’s even riskier if the oil or Disko does not come off.

Fingers crossed that it all works out. I’m more interested in us hitting oil getting the licenses bought out and same with Disko. Having waited 8 years for a payday I don’t want to hang about for another number of years while they manage the critical infrastructure to get the oil and gas one producing.

It hit 25p but there was 16x less shares in the market than now. Getting exciting though.