80 Mile PLC (AIM: 80M) has confirmed that drilling at its Jameson Land Basin Project in East Greenland is now expected to be delayed, with regulators currently guiding towards a winter 2027 drilling programme.
The company had been targeting the 2026/27 winter season but said additional time is required to complete permitting and regulatory approvals. 80 Mile stressed that the delay does not change its commitment to Jameson.
The project covers approximately 8,429 km² across three exploration licences, with planned drilling designed to test several stacked reservoir targets that the company believes have multi-billion-barrel oil potential.
80 Mile also confirmed it has received a formal warning from the Greenland Government concerning equipment landed at Nerlerit Inaat airport. The equipment, predominantly accommodation and camp containers transferred from its Dundas project, was stored under an agreement with Greenland Airports. However, the company acknowledged that a separate permit from the mines regulator was required and said it has given undertakings regarding future logistics movements.
Rod McIllree, Executive Director, commented: “While we are disappointed that the timing of the Jameson drilling programme has been impacted, the Company remains fully committed to advancing this highly prospective project. We continue to engage with Greenlandic authorities and will commence drilling as soon as the necessary approvals are in place. Jameson represents a significant exploration opportunity for 80 Mile, and we look forward to progressing the programme and testing our priority targets once the regulatory process is complete.”
For further information please visit http://www.80mile.com
