Greenland Energy Advances Drilling Campaign in Undrilled Jameson Land Basin

Onshore basins of genuine scale that remain undrilled are increasingly rare. Most of the world's major hydrocarbon-producing regions have been systematically tested over the past half-century, leaving frontier opportunities concentrated in geographies with challenging logistics, complex permitting, or historically limiting macroeconomic conditions. Greenland Energy (NASDAQ: GLND) holds rights to up to 70% working interest across three onshore licenses covering more than 2 million acres in East Greenland's Jameson Land Basin, a petroleum basin historically evaluated by a Large Multinational US Petroleum company but never drilled.

The company has contracted Stampede Drilling for Arctic-rated rig services alongside agreements with Halliburton, Desgagnés, and IPT Well Solutions to support its 2026 drilling campaign. Where such basins remain, they carry a combination of technical risk and optionality that draws a specific type of investor interest. The Jameson Land Basin represents one of the most prominent examples of that profile, offering significant upside if hydrocarbons are discovered.

As the world seeks new energy sources, Greenland Energy's advancement into this undrilled frontier could have implications for global supply dynamics and Arctic exploration. The company's ability to secure key service contracts indicates a structured approach to mitigating operational challenges in a remote environment. However, forward-looking statements in the release caution that actual results may differ materially due to risks including those detailed in the company's SEC filings. Full terms of use and disclaimers are available on the InvestorBrandNetwork website at http://IBN.fm/Disclaimer.

Greenland Energy's move underscores the enduring allure of frontier basins and the strategic importance of the Arctic region. The 2026 drilling campaign will be closely watched by industry observers as a test of both the basin's potential and the company's execution capabilities.