RE: US and Greenland7 Jan 2026 21:48
Interesting.
Grok thinks they'll be ok even expedited.
80 Mile PLC (ticker: 80M), a British exploration company, currently holds a 30% interest in oil exploration and exploitation licenses in Greenland's Jameson Land Basin, acquired through its purchase of White Flame Energy in late 2024.
arctictoday.com
These predate Greenland's 2021 ban on new oil licenses and remain valid for at least another decade, allowing for planned drilling in 2026 with estimates of up to 13 billion barrels of recoverable oil.
arctictoday.com
The majority 70% stake is held by its joint venture partner, March GL Company, a Texas-based US corporation, with the overall project now under Greenland Energy Company, a US-listed entity on NASDAQ.
marchgl.com +2
A US invasion or takeover of Greenland is a highly speculative scenario, as Greenland remains an autonomous territory within the Kingdom of Denmark, and any forcible action would violate international law. However, based on historical precedents and current context:In cases of territorial annexation or regime change (e.g., Russia's 2014 annexation of Crimea, where some pre-existing Ukrainian energy contracts were selectively honored or reassigned to favor the new authority), existing resource licenses are often renegotiated, revoked, or upheld depending on the new sovereign's strategic interests. Peaceful transfers, like the 1997 Hong Kong handover, tend to honor prior agreements for economic stability.
Here, given March GL's US origin and the project's alignment with American resource ambitions—especially amid renewed calls from President Trump for US control of Greenland to exploit its minerals and hydrocarbons while countering China—the licenses would likely be preserved or even expedited.
theguardian.com +1
The US-majority ownership reduces risks of revocation, as it positions the venture as domestically beneficial rather than foreign-held. An invasion could temporarily disrupt operations due to conflict, but post-control, the emphasis on oil development (e.g., lifting Greenland's exploration ban) would probably support continuation.
Ultimately, no definitive outcome can be predicted without specifics on the "takeover" method, but the US ties make retention more probable than loss.
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