Item 7.01 Regulation FD Disclosure. On September 8, 2026, the attached Rule 2.4 Announcement of a proposed merger through an all-share acquisition of 80 Mile plc by Greenland Energy Company was published in London, England through the Regulatory News Service. A copy of the Rule 2.4 Announcement is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference into this Item 7.01.…
We are an exploration-stage oil and gas company led by a team of industry veterans and bolstered by a deep bench of consultants with decades of experience in the energy and natural resources industries. Our primary mission is to unlock the frontier hydrocarbon potential of the Jameson Land Basin in East Greenland, a 2-million-acre onshore licensed area through application of modern exploration technologies. With an estimated 13.03 billion barrels of gross un-risked recoverable oil, we are leveraging strategic partnerships to execute the first modern onshore drilling campaign in the region, slated for 2026. March GL, our wholly-owned subsidiary, holds rights under exclusive licenses held by third parties to an over 2-million-acre area located in the Jameson Land region of East Greenland, where its licenses cover the majority of the basin. As of October 2025, independent resource estimates prepared by Sproule ERCE indicate that March GL’s licenses hold the potential resources of 13 billion barrels of oil (an estimate of the 3U gross un-risked prospective recoverable oil). The Jameson Land Basin is located in central eastern Greenland, forming a large onshore sedimentary basin within the Jameson Land peninsula. This peninsula lies along the southeastern continental margin of East Greenland, primarily between approximately 70°N and 72°N latitude. The basin represents one of the last remaining undrilled North Atlantic Margin basins and covers a structurally complex area with signi
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On September 8, 2026, the attached Rule 2.4 Announcement of a proposed merger through an all-share acquisition of 80 Mile plc by Greenland Energy Company was published in London, England through the Regulatory News Service.
A copy of the Rule 2.4 Announcement is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Forward-Looking Statements
This Current Report on Form 8-K contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section
21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical
fact included in this Current Report on Form 8-K, are forward-looking statements. Words such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,”
“plan,” “possible,” “potential,” “project,” “seek,” “should,”
“target,” “will,” “would,” and similar expressions may identify forward-looking statements, although
not all forward-looking statements contain these words. These forward-looking statements are based on current expectations, estimates,
assumptions and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those
expressed or implied by such statements. These risks and uncertainties include, but are not limited to those described under “Risk
Factors” in our Registration Statement on Form S-1, as amended, and in our other filings with the Securities and Exchange Commission.
Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary
in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date they
are made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required under applicable securities laws. You should not place undue reliance on any forward-looking statements.
Filed exhibits (1)
EX-99.1 (by filename) greenlandenergy_ex99-1.htm
EX-99.1
2
greenlandenergy_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”) AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE OR OTHERWISE. THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE.
THIS ANNOUNCEMENT CONSTITUTES INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
80 Mile plc (“80 Mile” or “Company”)
Proposed Merger with Greenland Energy Company (“Greenland Energy”)
Summary
The boards of 80 Mile and Greenland Energy are pleased to announce that they have agreed indicative terms for a merger through an all-share acquisition of 80 Mile by Greenland Energy (the “Transaction”).
The considerat…