Greenland Energy CEO Discusses Fully Funded Arctic Drilling Campaign and Multibillion-Barrel Oil Potential

Greenland Energy Company (NASDAQ: GLND) CEO Robert Price recently appeared on The MiningNewsWire Podcast to discuss the company's fully funded drilling program in Greenland's Jameson Land Basin, including a recent $70 million financing, an upcoming two-well campaign, and the basin's estimated multibillion-barrel oil potential. The interview shed light on the project's geological similarities to the North Sea, the strategic significance of its light sweet crude resource, and operational milestones expected through 2026 as Greenland Energy prepares to begin drilling later this year.

Price emphasized that the Jameson Land Basin is a world-class frontier exploration opportunity, with geological characteristics analogous to the prolific North Sea petroleum systems. The basin is estimated to hold billions of barrels of recoverable oil, primarily light sweet crude, which is highly sought after due to its low sulfur content and ease of refining. The company's fully funded position, supported by the $70 million financing, de-risks the upcoming drilling campaign and positions Greenland Energy to advance toward production.

The two-well campaign is scheduled to commence later this year, with drilling expected to target multiple horizons. Price noted that the company has secured necessary permits and mobilized equipment, with operations set to continue through 2026. The program aims to confirm the resource base and establish Greenland Energy as a key player in Arctic energy development. The strategic importance of Greenland's hydrocarbon potential has attracted attention amid global energy security concerns, as the region offers a stable political environment and proximity to European markets.

Greenland Energy Company (NASDAQ: GLND) is focused on responsibly developing Greenland's hydrocarbon resources, with an emphasis on the Jameson Land Basin. The company aims to advance oil and gas exploration and create a publicly traded platform for Arctic energy development. For more information, visit the company's newsroom at https://ibn.fm/GLND.

The full press release is available at https://ibn.fm/uDAVG. MiningNewsWire is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is part of the Dynamic Brand Portfolio @IBN that delivers access to a vast network of wire solutions, article and editorial syndication to 5,000+ outlets, and full array of tailored corporate communications solutions. For more information, visit https://www.MiningNewsWire.com.