24 May 2021
Final Results and Notice of AGM
Greenland and
Finland, is pleased to announce its final results for the ended 31 December 2020. The Company also gives notice that its Annual General Meeting ( AGM ) will be held on 17th June at 2021 at 11:00 at The Washington Mayfair Hotel, 5 Curzon Street,
London, W1J 5HE. Copies of the Notice of AGM, together with the Form of Proxy and Annual Report will be posted to shareholders tomorrow and available to view on the Company s website shortly.
Highlights in 2020:
· Master Distribution Agreement ( MDA ) signed with a large, long established, Asian Conglomerate
· Joint-Venture and earn-in agreement with Rio-Tinto Mining and Exploration Ltd in
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, announces its Half Year results to 31 December 2020. Summary · With a clear focus on the higher margin operations, Mosman took the decision to sell the Welch project and shares in Norseman. · Proceeds applied to drilling, completing, and installing production facilities at Falcon and workovers at Stanley and Greater Stanley. · COVID-19 constraints and some production challenges resulted in lower production, which was also impacted by a volatile oil price further affecting revenue · Revenue of AUD380,000 and Gross Profit AUD56,828 · Net loss of AUD0.7m impacted by production challenges and the volatile oil price in 2020
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