80 Mile sees Jameson boost from Greenland Energy Company float

Group 1 - 80 Mile PLC shares increased approximately 10% to 1.23p following the implied valuation of the Jameson project at around $148 million, coinciding with Greenland Energy Company's NASDAQ trading debut [1] - Greenland Energy Company, trading under the ticker GLND, achieved a market capitalization of $345 million on its first trading day [1] - The NASDAQ listing resulted from Pelican Acquisition Corporation's acquisition of Greenland Exploration Limited, consolidating Pelican, GLND, and March GL into a single US-listed entity focused on the Jameson hydrocarbon project [2] Group 2 - The Jameson project spans about two million acres and is recognized as one of the largest undrilled onshore hydrocarbon basins globally [3] - An independent report by Sproule ERCE estimated gross unrisked recoverable prospective oil resources of 13.03 billion barrels on a P10 basis, with approximately 3.9 billion barrels net to 80 Mile under the earn-in structure [3] - SCDrilling is scheduled for the second half of 2026, pending regulatory approvals [3]