Mar. 13 at 5:21 PM
$BLLYF Shareholder Inquiry: Jameson Basin Valuation Industrial Gases & ARCO Data. As we approach the Special Meeting and vote on March 17th I am looking for clarity on the current valuation methodology to ensure all material assets are reflected in the transaction. The Data Point: 80 Mile's own regulatory news from Nov 19, 2024, explicitly confirms that the Jameson recognized for "significant quantities of industrial gases, including helium and hydrogen." Specifically, it references ARCO's 1989/90 exploration data , industrial and natural gases" alongside liquid hydrocarbons. Official https://www.80mile.com/regulatory-news/74716 (See Page 4).Pelican (GLND) transaction values 80 Mile’s 30% residual holding at US
$92 Million based on the liquid hydrocarbon prospective was the industrial gas potential (Helium, Hydrogen, CO2)in the ARCO reports factored into this
$92M figure? https://www.80mile.com/regulatory-news/84071
As a shareholder, I am questioning if the current S-4 filing fully accounts for these non-hydrocarbon assets.