Member Info for SilverFoxd

Sonic boy

buzz said they will be pumping oil by September. I said minimum six years from now, Robert Price says two years. So not September then.

Oil major isn’t news, this is a given.

Buzz

“ The recent interview confirms greenland energy should have the tests done and starting to pump oil by September. The potential of Jameson is HUGE”

These are exploration wells, the clue is in the name. there is no pumping of oil. That is 6 years away at best.

At least be honest with people when pumping the share.

Punter if I look stupid, I’m fine with that, the world is full of people who refuse to raise questions because they are uncomfortable with the answer or suffer from motivation bias (reach a conclusion, then justify it)

What you fail to realise is I my posts aren’t done to move the share price, you don’t really believe my posts have any impact on SP do you? they are there to generate discussion but people like you have made up your mind that you only want to read positive posts and because of that you going to wonder why at some point everyone left the party and your still flying the flag for a defunct share. Not that it matters but I unfortunately have a long list of shares I lost money on because I failed to listen to warning signs: BPC and PDX are two that spring to mind.

To be clear, I AM NOT saying that for 80M. 80M have a lot of very positive things about it and if the management team are worth their salt they will manoeuvre around obstacles and produce a positive result, however there are some challenges that they need to overcome that have potential to limit the upside - understanding them helps us manage risk, nothing more.

Hi Panman

I’m not sure I follow the need for drilling OPW-9. If we are drilling OPW-9 then that means OPW-1 and OPW-6 show no hydrocarbons of any worth. OPW-1 and OPW-6 being gushes would brilliant outcome, but second best is they indicate enough potential to move to next stage which is appraisal, only after appraisal would we look to develop wells to extract oil.

Drilling OPW-9 to me is worst possible outcome. Apologies if I’ve misunderstood.

I’m really impressed with Robert Price, he is very shrewd operator. He set out to get (share of) Jameson and he has done so, hitting every milestone on the way.

He also first class with the media, think of all the interviews he’s conducted to drum up interest for GLND and compare that to 80M directors. It’s interesting that in his interviews he never refers to 80m directly, usually UK company or other but hardly ever 80m, no reason for him to promote us but it does highlight his single mindedness.

All of this is great news for Disko, he is a man that gets things done so if he applies the same winning formula to USFM he is going to continue driving 80M SP to new highs.

Once the train gets rolling in USFM we should expect a similar positive SP reaction we saw with GLND.

Stay calm, if the two drills are uncommercial (not dry) but show world class potential they won’t drill OPW-9, they will got to next stage, appraisal wells. Appraisal wells are next stage that confirm flow rates, size of find etc.

Appraisal wells will cost another $50-100m so need funding.

Hammertimes, there’s no free money out there. Is 80m going to take paper offer from GLND, of course not, plus the issuing new shares from GLND dilutes thier value. Will they raise from existing shareholders/funds/etc same issue, dilution. Doesn’t matter, money has to come from somewhere and even if GLND SP has risen by similar percentage there will still be shareholder dilution and for what - to pay 20p a sure equivalent to 80m - of course not, RP wants to pay as little as possible.

Punter, first class analysis, just curious.

GLND are going to buy out our stake at 20p share. Thats 15 x current mkt cap £68m, let’s round it down to £1B. So GLND with $86m in the bank if they don’t spend any PELI money will buy our 30% for £1B. Where they getting the cash from ? Maybe they aren’t buying for market value and RP figures they won’t pay anything like that.

Your alternative solution is my suggestion, oil major - you arrive at same answer accept I’m a Troll and your a genius ?

Seriously Sherlock don’t listen to those detractors at Amazon who said your’ll never leave the warehouse.

Stay strong.

Hey Punter, I wonder how long it would take you. I feel sorry that you are so bitter, genuinely. Anyhow that aside, just as a reminder, while 30+ people were listening to Robert Price with rose tinted earpieces, I was the only one who picked out the fly in the ointment, obviously I had to deal with being called all names under the sun only for everyone to reluctantly accept that what I said was exactly what Robert did say, and not only that we uncovered a clause no one was aware of. But it’s fine, I was obviously in cahoots with Robert Price himself waiting for the opportunity to mug you all off.

And for pointing out the Robert Price faux pas, your welcome.

I mean Robert (Price) not Larry

Thankyou Montmuzard for pointing at the 10.3 far out clause, it is completely inconspicuous and if Larry hadn’t brought it to our attention none of us would have been aware of it.

We can agree that what Larry said on the video and what’s in the clause don’t align and to my mind should be clarified by both companies.

As you correctly say in your post this clause isn’t binding, 80m can negotiate in good faith and say no but does make me wonder about the logic of this.

1) we are negotiating after two evaluation wells which March GL themselves have risk evaluated as OPW-1 (CoS = 20%) and OPW-6 (CoS = 10%), so most likely we won’t hit jackpot oil immediately, nothing wrong with that, as long as there is justification to move forward on appraisal wells with potential to find the true reserves.

2) post evaluation wells, wells are evaluated on range between $1-3 pb.

So we will be negotiating in all likelihood with only part of basin evaluated (4b out of 13b) and unlikely to show large reserves, just likely lots of potential. I wonder if that is the right time to negotiate, my concern is you limit the upside, if Jameson turns into the biggest oil / gas field ever, then we wont realise that.

To my mind would be better to do second farm out to new big oil partner and retain the upside. As I say, we don’t have to take any deal but seems Larry feels that is the only way given he believes he has exclusive option. I guess it means he gets to speak to us first.

I’ve hedged some of my position and purchased a few PELI.

Have you watched the video? You were happy to laud his 1billion valuation and the best thing but sliced bread but when somebody actually listens to what was said and reports it is all a conspiracy.

I am very unhappy with the situation and no I’m not using this to top up.

I said this AS SOON as it happened, if I was trying to manipulate I would have sold my shares and then posted it. That isn’t what I did so why don’t you all grow up and take ownership yourself instead of blaming me.

Let me spell this out so we are clear.

Go to the video, at time of 38.17 minutes. This is what was said.

“We have an exclusive option to buy their 30% out at current valuation of IPO”

So punter, no not at the $10 SP, but the current valuation of the IPO. That was said to be $215m+86m total of which 80M part was valued at $92M.

If this is true then GLND gets to buy out 80M share for $92m which is a disaster.

Hopefully Larry is talking b@lox because I agree this isn’t in the contract, if he is he needs to rescind this statement as it is factually incorrect, if he isn’t then it is a problem unless someone has different reading of current valuation of IPO.

I’m sorry to upset everyone but it is what was said. Don’t shoot the messenger.

The Chain

I’ve listened to this twice. He clearly says he has option to buy at IPO price.

This isn’t altogether clear to me because the GLND company is an amalgamation of three companies of which the PELI IPO is part of this.

If this is true, what IPO price?

Larry Price just said that they have an option to buy them remaining 30% of 70M share at the IPO price.

WTF. So should they hit major oil, GLNT gets to buy out 80M share at $92m. That values Jameson interest at approx 1.5p share WTF

Where is upside for for 80m?

Last chance everyone to get in before those pesky Americans start hoovering up all the shares lol.

Our ramping chaps have reached a crescendo of ramping, all in perfect unison lol

They must be selling there stock ready to move into the next ramp lol lol lol

Really interested to get a view on what’s pushing the SP. I noticed on Thursday last week there was significant buyer in the wings that was hoovering up any sales and that trend has continued.

Personally, I don’t think it’s due to the ramping, as good as a job these folks are doing it’s not that, and I’m not totally convinced it’s down to upcoming GLND listing - I don’t buy into the idea that hundreds of Americans are waiting to commit thousands of dollars to a 5-1 shot - it’s not a typical US citizen pass time investing in long shots - there is a reason why the junior market is in UK and not US.

That said, happy to be wrong on both counts. It’s an opinion, not a statement of fact.

The bit that’s vexing me is the announcement about acquiring the remaining 3.4% of WFE. It makes sense that prior to discussions with majors on farm out that you would want to simplify the share structure (discuss with 2 parties, not 3) but why now, it’s just interesting it coincided with large buyer!

Is it possible that there is corporate action in the making? Takeover of 80M ? Or sale of 30% of Jameson to GLND (all paper offer with cash sweetener maybe)

Maybe I’m over thinking it and I’m giving in to FOMO again given I’ve started to de-risk my position. I appreciate this is a counter argument to my earlier post but the volume of buys is really making me think!

Punter

Thanks for your feedback, not sure you really addressed the points raised. Probably easier just to attack the poster lol

Let’s consider CoS. What are your thoughts on this ? Do you think we are at the lottery stage or do you think it’s better to keep referring to the 13b like it’s money in the bank lol

For a frontier basin first well, industry benchmarks are:

• 15% – 25% chance of geological success (finding hydrocarbons)

• 5% – 15% chance of commercial success (economic discovery)

That’s the baseline used by oil majors and analysts.

I think it is healthy to have different views, I can just as easily discount ramps to trolls. It is up to each of us to make our own decisions based on information in front of us.

For my part, I enjoy the arguments put forward by RachT2 and I hope they continue, very few people in this board seem to put up a reasoned counter argument so they revert to character assassination.

I will be open with my views in preparation of similar. I had five figure investment in BlueJay and watched my investment lose 99% of its value while pump and dumpsters came in and pushed the price while the major shareholders sold their stakes so I too am a little sensitive to rampers. In hindsight I should have been a bit more hands on with my investment so I have to take some of the blame for being too rose coloured in my outlook.

The good news is I’ve long since recouped that money when with significant investment around 0.7p.

My strategy is clear, recoup all of my investment and let the profits ride on the drill.

Now, here’s why in my opinion we need to be mindful of ramping.

1) we havent found oil

2) 80% of new explorations don’t find oil

3) should the exploration well hit oil, we (GLND and 80M) will have to either farm in or fund another $50-100m appraisal wells

4) should the appraisal well prove successful then We will definitely need to farm out, so significant reduction to our 30% stake because the infrastructure costs will run into billions

5) oil won’t be extracted for sale for another 6-10years. Thats how long it will take to get to extraction as getting oil out of the ground is only one problem, you have to build out infrastructure to get the oil to the market.

Obviously it’s not all negative. The two selected drill sites, OPW-1 and OPW-6 represent potential 4B barrels (P10) with around 1.2B (P50). These two drill sites have been selected because they represent the greatest opportunity of success. OPW-1 has 870mb (P50) at five depths and should it show commercial oil the find will be extrapolated across the entire 13b potential, however, it is two simplistic to assume $100 barrel and subtract $25 costs. To calculate the value to for 80M multiply the potential (30%) of reserves by between $1-3 per barrel as this is how to value post exploration. So for 1B barrels would represent a value (based on $2) £450m, significant but worth around 6-7p.

The other thing to note is even if first drills don’t find commercial oil those exploration wells will provide more information that would likely lead to appraisal stage, extrapolated value maybe less but still representing great potential.

For the last part, if we drill in Sept and come January we hit oil then you will all tell me I was a troll lol. I once had a significant investment in Bahamas Petroleum (BPC) which was the next big thing some years ago. The exploration wells found nothing and my investment was worthless overnight so I like to think I’m learning to control my FOMO.

Best of luck all.

Greenland Energy and Pelican Acquisition Corporation (NASDAQ: PELI) Appoints Ashiq Merchant, former BP executive, as Chief Financial Officer to Drive Transition to Public Markets and Advance World-Class Arctic Operations

hTTps://www.globenewswire.com/news-release/2026/03/13/3255466/0/en/Greenland-Energy-and-Pelican-Acquisition-Corporation-NASDAQ-PELI-Appoints-Ashiq-Merchant-former-BP-executive-as-Chief-Financial-Officer-to-Drive-Transition-to-Public-Markets-and-Ad.html