80 Mile Plc (BLLYF)
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80 Mile jumps to 2yr high as report highlights potential of Greeland's Jameson basin
80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares rose almost 10% after the company saw its run of positive news continue with an announcement from its US joint venture partners regarding an independent assessment and prospective resources report that set out the "world-class potential" of the Jameson land basin in Eastern Greenland. The independent assessment by oil field specialists Sproule estimated 13.03 billion barrels on a P10 basis of gross un-risked recoverable prospective oil resources across the upper levels of the Jameson basin.
80 Mile shares rise on Hydrogen Valley deals
80 Mile PLC shares climbed around 13% in Wednesday's early deals, as it signed a memorandum of understanding (MOU) in Italy, potentially leading to a supply deal covering some 40,000 tonnes of biofuel. The arrangement sees part-owned 80 Mile subsidiary Greenswitch provide Tecnoparco, a ‘multi-utility' in Italy, with the 40,000 tonnes biofuel each year.
Bluejay Mining strikes deal for helium and hydrogen assets
BlueJay Mining PLC (AIM:JAY, OTCQB:BLLYF) has announced a deal to diversify into helium and hydrogen, acquiring a 51% stake in White Flame Energy Ltd for £1.40 million paid in shares. The company will also be granted a three-year option to purchase the remaining 49% on the same terms.
