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Greenland Energy brings drilling equipment to Greenland without permits — drilling start not before 2027
The US company Greenland Energy shipped camp and drilling equipment to Nerlerit Inaat despite lacking the required individual permits and environmental studies. The Greenlandic government publicly halted the project; an approved drilling start is realistically not possible before winter 2027 due to the lengthy permitting process. Local opposition over risks to hunting and wildlife, as well as the project's political connections, have intensified the controversy. » More on handelsblatt.com
Greenland Energy hit by permit halt on Greenland project
Greenland Energy and partners had equipment brought to Nunap Qeqqa but do not have the required permits. The Greenland government says planned drilling by White Flame Energy in winter 2026/2027 is unlikely to take place because an environmental impact assessment and public hearings are missing. It is demanding a "realistic timetable"; 80 Mile says it is disappointed, and a permit is not expected before next year. » More on spiegel.de
Greenland Energy forced to delay Jameson Land drilling after regulators block approvals
Greenland authorities said regulatory and environmental reviews cannot be completed in time, forcing Greenland Energy to postpone planned drilling in the Jameson Land region until at earliest winter 2027. The delay follows the company bringing equipment ashore without permission and raises concerns about impacts on protected wetlands and local livelihoods. Shares fell over a third after the announcement; Greenland Energy says it will refine plans and deepen engagement with communities and regulators. » More on theguardian.com
Financials
| (EUR) | Jun 2026 | |
|---|---|---|
| Revenue | 0 | - |
| Gross profit | -778.95 | - |
| Net profit | -4.31M | 1,701.88% |
| EBITDA | -4.33M | 1,710.11% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €51.79M |
Number of shares | 43.73M |
52-week high/low | €19.81 - €0.95 |
| Dividends | No |
Beta | -2.45 |
P/E ratio | -3.45 |
PEG ratio | 0.00 |
P/B ratio | 0.25 |
P/S ratio | 0.00 |
Company profile
| Name | Greenland Energy Co |
| CEO | Robert Brooks Price |
| Employees | 3 |
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