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Greenland Energy to acquire 80 Mile for £61.5M

PUBLIC · GLNDSep 08, 2026

Acquiring Company

Greenland Energy Company

Acquired Company

80 Mile PLC

TexasEnergyOil And GasRenewable EnergyBiomass EnergyEnergyOil And GasRenewable Energy

Description

80 Mile PLC has accepted terms for a £61.5 million all-share takeover by Greenland Energy Company. This acquisition values 80 Mile at a premium and aims to consolidate interests in the Jameson Land Basin. Shareholders will receive Greenland Energy shares for their 80 Mile holdings. The proposal is still subject to due diligence and regulatory approvals.

Company Information

Company

Greenland Energy Company

Location

Texas, United States

About

Greenland Energy Company is formed through a merger involving Pelican Acquisition, March GL, and Greenland Exploration Ltd. The company aims to drill exploration wells in Greenland's Jameson Land basin, targeting significant petroleum reserves.

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Frequently asked

Who acquired 80 Mile PLC?

80 Mile PLC was acquired by Greenland Energy Company, based in Texas. The deal was reported on September 8, 2026. Greenland Energy Company is formed through a merger involving Pelican Acquisition, March GL, and Greenland Exploration Ltd. Greenland Energy Company is publicly traded (GLND) and operates in Energy.

When did Greenland Energy Company acquire 80 Mile PLC?

Greenland Energy Company's acquisition of 80 Mile PLC was reported on September 8, 2026. 80 Mile PLC has accepted terms for a £61.5 million all-share takeover by Greenland Energy Company. This acquisition values 80 Mile at a premium and aims to consolidate interests in the Jameson Land Basin. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does 80 Mile PLC do?

80 Mile PLC is an exploration and development company listed on AIM, FSE, and OTC. The company focuses on sustainable aviation fuel, hydrotreated vegetable oil, and biodiesel. It operates the Ferrandina biofuels facility in Italy. It is privately held, operating in Energy.

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