Greenland Energy Responds To Short-Seller Report, Defending Its Exploration Strategy, Finances And 13B-Barrel Potential; Says "GLND Is An Exploration-Stage Oil And Gas Company Focused On The Development And Advancement Of Its Exploration Activities In Greenland. We Currently Have No Earnings, No Production And No Proved Reserves. Our First Well Has Not Been Drilled. We Said All Of This Ourselves In Our Prospectus And Our 10-Q, In Plainer Language Than Fugazi Uses."
Greenland Energy has extended the PUSU deadline for its proposed merger with 80 Mile Plc to November 10, 2026, while amending the exchange ratio and canceling planned warrant issuances.