80 Mile PLC's timeline for drilling at its Jameson Land Basin project in East Greenland has slipped, with regulators now guiding toward a winter 2027 start instead of the 2026/27 winter season the company had targeted. 80 Mile has also picked up a formal warning from Greenland's government over how it moved equipment onto the project area.
The company said the drilling delay comes from the time needed to complete Greenland's permitting and regulatory approval process, not from any change in its plans for Jameson. 80 Mile is an upstream explorer listed on AIM, FSE and OTC markets, with projects in Greenland, Finland and Italy. Its wholly owned subsidiary, White Flame Energy A/S, holds 100% of the Jameson Land Basin exploration licenses and is solely responsible for permitting and regulatory engagement with the Government of Greenland, Kommuneqarfik Sermersooq and other relevant authorities.
Permitting timeline
All field activities at Jameson, along with Environmental Impact Assessments, Social Impact Assessments and any permit to drill, need approval from the Greenland Government. 80 Mile said it will give a further update on the timing of the drilling program once there is more certainty around that process. Current guidance from regulators points to a winter 2027 start.
Warning over airport equipment
80 Mile confirmed it received a formal warning from the Government of Greenland concerning equipment landed at Nerlerit Inaat airport, near Ittoqqortoormiit in East Greenland, after media coverage described the landing as a breach of existing regulations. The equipment was mostly accommodation and camp containers moved from Dundas, 80 Mile's Titanium project in far northwest Greenland.
Ahead of the landing, 80 Mile and GLND sought and received permission from Greenland Airports A/S to lease storage space in the airport's industrial storage area, with storage fees payable to Greenland Airports A/S under that contract. 80 Mile said the arrangement required a separate permit from the Mines regulator, even though Greenland Airports is wholly owned by the government. The company said it takes the warning seriously and has given undertakings about future logistics movements.
The Jameson prospect
Jameson Land Basin spans about 8,429 square kilometers (2.1 million acres) held under three exploration licenses on Greenland's Atlantic Margin. The delayed drilling program was designed to test several stacked reservoir targets that 80 Mile says could hold multi-billion-barrel volumes of oil.
Executive Director Rod McIllree said 80 Mile "remains fully committed to advancing this highly prospective project" and will drill once the necessary approvals are in place.
