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00:02Greenland Energy stock jumped Thursday after the company extended key drilling deadlines
00:07for its Jameson land project in East Greenland to the end of 2028, according to Benzinga.
00:13The amended agreement with 80 Mile gives Greenland Energy more time to secure regulatory
00:18approvals before exploration drilling begins. The company will take sole responsibility for
00:23obtaining and maintaining permits for the drilling program and will pay 80 Mile $500,000
00:29for the amendments. CEO Robert Price said the extension allows the company to advance the
00:34project while permitting continues. Greenland Energy is an exploration stage oil and gas company
00:40whose primary asset is the roughly 2 million acre Jameson land basin in East Greenland.
00:46Shares were up 60.48% to 4R67 at the time of publication on Thursday, according to Benzinga
00:52Prodata. For all things money, visit Benzinga.com.
