Greenland Energy Stock’s 119% After-Hours Surge Runs Ahead of an Unsigned Pact

80 Mile and Greenland Energy have agreed indicative terms for a merger, where 80 Mile will be acquired by Greenland Energy in an all-share deal. The transaction values 80 Mile at £61.48 million, representing a 42.86% premium over its mid-market share price. The merger is subject to several conditions, including due diligence and shareholder approval. Greenland Energy is listed on Nasdaq under the ticker GLND.

Salesforce (CRM), Fox (FOXA), and Greenland Energy (GLND) hit 52-week lows. CRM fell 1.7% amid software sector weakness and AI concerns, despite a $3.6B acquisition. FOXA dropped 4% over Roku (ROKU) acquisition risks. GLND declined 1.89% due to Arctic exploration concerns. Analysts remain mixed on all three.

Greenland authorities halted an unauthorized wildcat drilling operation off eastern Greenland, according to breaking reports. The Texas-based Greenland Energy Company (GLND) was ordered to stop after bypassing environmental reviews and moving equipment near Inuit hunting grounds. The company’s retreat is delayed until at least winter 2027, and its NASDAQ stock fell over 33%.

Greenland Energy Company (NASDAQ: GLND) said its JV partner 80 Mile plc (AIM: 80M) reported that Greenland’s permitting process for the company’s Greenland oil project is more complex, requiring a more extensive review. The partners target a winter 2027 permit timeline. The article also notes GLND shares fell to under $2 in after-hours and 80M shares dropped about 23.6% intraday.

Greenland Energy (NASDAQ:GLND) said it signed an agreement with Halliburton (NYSE:HAL) for integrated consulting, logistics and drilling services for its planned 2026 East Greenland exploration in the Jameson Land Basin. The company also secured a five-year Arctic rig contract with Stampede Drilling and other service arrangements. It targets October 2026 drilling of OPW-1 and OPW-6 (~3,500m). Greenland Energy said the basin could hold up to 13.0 billion barrels gross unrisked prospective oil res

Greenland Energy Company said in a shareholder letter it completed its business combination with Pelican Acquisition and began trading on Nasdaq (GLND) in late March 2026, then raised about $70 million gross in a public offering. It also signed a five-year drilling agreement for Arctic rig #12 and a Halliburton services agreement. For 2026, it targets October onshore drilling of OPW-1 and OPW-6 (~3,500 meters each) and aims to earn up to a 70% working interest.