Jul. 12 at 6:43 PM
$GLND $GLNDW $BLLYF The Licences: White Flame owns 100% of the project via a Greenlandic subsidiary, White Flame Energy A/S, which in turn holds three exploration and EXPLOITATION (PRODUCTION) licences covering 8,429 km², the entire basin on the Jameson Peninsula of East Greenland. The licences are exploration and PRODUCTION licences, are in good standing with the Greenland regulators, and very recently received notification of an extension of the first sub-period for an additional 3 years. After the expiry of this new 3-year extension, the licences will still have an additional 7 years before they automatically become EXPLOITATION (PRODUCTION) licences, SUBJECT TO COMPLETION OF EIA AND SIA, AS WELL AS A DISCOVERY BEING MADE." — RNS, 20/05/26
