Greenland Energy is trading 5.11% down now at $1.30 after announcing proposed indicative terms for a £61.48 million all-share acquisition of 80 Mile plc on September 8, 2026.
- Deal would consolidate 100% ownership of the Jameson Land Basin project and licences
- 80 Mile shareholders would receive 0.01108 new shares per existing share
- Subject to due diligence, approvals, and other preconditions, completion remains uncertain; broader energy strength did not offset the company-specific reaction