Greenland Energy assumes farm-out role, extends Jameson wells to 2028, pays £500k

Greenland Energy Co

March GL transfers all rights/obligations under Farm-Out Agreement to Greenland Energy Company.
First and second exploration well longstop dates both extended to December 31, 2028 (from Dec 2026 and Dec 2027).
Greenland Energy takes sole responsibility and cost for all drilling, environmental, and social permits for Jameson Project.
Company pays 80 Mile plc £500,000 cash within 5 business days in consideration for the amendments.
80 Mile retains responsibility for other Government Consents and will provide reasonable assistance with permitting.

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