- Greenland Energy Company is focused on developing the Jameson Land Basin, which spans more than two million acres and represents a largely undrilled hydrocarbon region.
- The company has identified more than 50 oil and gas leads and prospects through reprocessed seismic data originally collected during prior exploration campaigns.
- The company holds rights to earn up to a 70% interest in three onshore licenses covering the entire basin through a staged drilling program.
- Independent engineering analysis indicates potential upside of approximately 13 billion barrels of recoverable oil, subject to exploration results.
- Historical exploration investment of more than $275 million, and modern seismic reprocessing support the identification of multiple large hydrocarbon targets.
Greenland (NASDAQ: GLND) is an exploration-focused oil and gas company targeting development in Greenland’s Jameson Land Basin, a large and historically underexplored hydrocarbon region in the Arctic. The company was formed through the completed business combination of Pelican Acquisition Corporation, Greenland Exploration Limited, and March GL Company, creating a publicly traded platform designed to pursue large-scale resource opportunities.
The company’s vision is to responsibly unlock Greenland’s energy potential, supporting both local development and global energy security through science-driven exploration and…
NOTE TO INVESTORS: The latest news and updates relating to GLND are available in the company’s newsroom at https://ibn.fm/GLND
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