80 Mile PLC Shares Surge as Greenland Energy Company's NASDAQ Listing Valuation Boosts Jameson Project to $148mln

80 Mile PLC's Jameson project saw an implied valuation of $148 million after partner Greenland Energy Company floated on NASDAQ. The joint venture, which has the potential to earn up to 70% interest, covers about 2 million acres in East Greenland and has an estimated gross unrisked recoverable prospective oil resource of 13.03 billion barrels. The company plans to begin drilling in H2 2026, subject to regulatory approvals. 80 Mile's shares rose around 10% to 1.23p.