RE: £72m Valuation on their 30% stake in GLND when lists tomorrow17 Mar 2026 15:20
From 80M Website....how clear does it have to be? NB last paragraph!!
Joint Venture
✓ JV agreement executed with March GL (to
be renamed to Greenland Energy Co
(NASDAQ: GLND)
✓ GLND will fund 100% of costs associated
with two explorations wells at Jameson,
each to a depth of >3,500 metres
✓ 80 Mile is fully free carried through the
drill campaign
✓ GLND will earn 70% interest in the
Jameson project in return upon
completion of the wells
✓ 80 Mile to retain 30% of the project once
the wells are completed, valued at
US$92M, including 30% of the project’s
>13bn barrels (P10) potential, equating to
3.9bn barrels (P10