80 Mile sees Jameson boost from Greenland Energy Company float [Yahoo! Finance]
Pelican Acquisition Corporation - Unit (PELIU)
Company Research
Source: Yahoo! Finance
80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares climbed, rising around 10% to 1.23p, as the helium firm's Jameson project saw an implied valuation of some $148 million, as partner Greenland Energy Company began trading on NASDAQ (under the ticker GLND). GLND ended its debut day, Thursday 26 March, with a market capitalisation of US$345 million. The Nasdaq listing follows Pelican Acquisition Corporation's acquisition of Greenland Exploration Limited, folding Pelican, GLND and March GL into a single US-listed vehicle focused on the Jameson hydrocarbon project in East Greenland. Under the joint venture terms, GLND can earn up to 70% by funding the full cost of two exploration wells, while 80 Mile keeps a 30% interest through White Flame Energy A/S. Jameson covers about two million acres and has been described by the company as one of the world's largest undrilled onshore hydrocarbon basins. An independent Sproule ERCE report estimated gross unrisked recoverable prospective oil resou
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- Pelican Acquisition Corporation (NASDAQ: PELI) Announces Completion of its Business Combination forming Greenland Energy CompanyGlobeNewswire
- Pelican Acquisition Corporation (NASDAQ: PELI) Announces Successful Approval of its Business Combination with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company at the Extraordinary General Meeting of Shareholders held on March 19, Acquire Media Monitor
- Pelican Acquisition Corporation (NASDAQ: PELI) Announces Successful Approval of its Business Combination with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company at the Extraordinary General Meeting of Shareholders held on March 19, GlobeNewswire
- 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 [Yahoo! Finance]Yahoo! Finance
- 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 OperationsGlobeNewswire