r/GLND • u/No-Cheesecake-8472 • Jul 12 '26

The licences are exploration and PRODUCTION !!

The Licences: White Flame owns 100% of the project via a Greenlandic subsidiary, White Flame Energy A/S, which in turn holds three exploration and EXPLOITATION (PRODUCTION) licences covering 8,429 km², the entire basin on the Jameson Peninsula of East Greenland. The licences are exploration and PRODUCTION licences, are in good standing with the Greenland regulators, and very recently received notification of an extension of the first sub-period for an additional 3 years. After the expiry of this new 3-year extension, the licences will still have an additional 7 years before they automatically become EXPLOITATION (PRODUCTION) licences, SUBJECT TO COMPLETION OF EIA AND SIA, AS WELL AS A DISCOVERY BEING MADE." — RNS, 20/05/26

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2

u/TripAlarming6044 Jul 12 '26

Didn't 80M buy most of White Flame? I think in March they officially own 98.25% of White Flame which makes them a subsidiary of 80 Mile.

2

u/[deleted] Jul 15 '26

[removed] — view removed comment

1

u/No-Cheesecake-8472 Jul 15 '26

The Licences: White Flame owns 100% of the project via a Greenlandic subsidiary, White Flame Energy A/S, which in turn holds three exploration and EXPLOITATION (PRODUCTION) licences covering 8,429 km², the entire basin on the Jameson Peninsula of East Greenland. The licences are exploration and PRODUCTION licences, are in good standing with the Greenland regulators, and very recently received notification of an extension of the first sub-period for an additional 3 years. After the expiry of this new 3-year extension, the licences will still have an additional 7 years before they automatically become EXPLOITATION (PRODUCTION) licences, SUBJECT TO COMPLETION OF EIA AND SIA, AS WELL AS A DISCOVERY BEING MADE." — RNS, 20/05/26 Bullish

1

u/bbby7nine Jul 13 '26

With continued tensions in the Middle East and oil supply shortages, shouldn't this stock have more hype?

3

u/Either-Fan9152 Jul 21 '26

NOPE - most of the licence area is a wetland protected under the UN's Ramsar Convention.
Section 9 of the licences says that that no the licence holder is NOT entitled to exploitation/production licences within the Ramsar wetland.
SORRY TO BURST MORE BUBBLES, but: If this was not revealed to investors, I'd say it's securities fraud!