Greenland Energy Targets Undrilled Arctic Basin with 2 Million Acres and 13 Billion Barrel Potential

Greenland Energy Company (NASDAQ: GLND) is positioning itself at the forefront of Arctic exploration with its focus on the Jameson Land Basin in East Greenland, a 2 million-acre onshore area that remains undrilled despite extensive historical evaluation. The company holds rights to up to a 70% working interest across three licenses in this frontier basin, which independent engineering firm Sproule ERCE estimates could hold recoverable oil upside of 13 billion barrels.

The significance of this opportunity lies in the rarity of undrilled onshore basins of genuine scale. Most major hydrocarbon-producing regions globally have been systematically tested over the past half-century, leaving frontier opportunities concentrated in areas with challenging logistics, complex permitting, or historically limiting macroeconomic conditions. The Jameson Land Basin, evaluated by US Atlantic Richfield Company (ARCO) decades ago but never drilled, exemplifies this profile, carrying a combination of technical risk and substantial optionality.

Greenland Energy has taken concrete steps to advance its 2026 drilling campaign, contracting Stampede Drilling for Arctic-rated rig services. The company has also secured agreements with Halliburton, Desgagnés, and IPT Well Solutions to support operations. These partnerships indicate the company's readiness to tackle the logistical and technical challenges of Arctic drilling, with the goal of unlocking a basin that has remained untouched despite its potential.

Investors are closely watching Greenland Energy's progress, as the company represents a pure-play on one of the world's last undrilled onshore basins. The implications of success could be transformative for Greenland's economy and the global energy landscape, potentially adding significant reserves to the market. For more information on Greenland Energy, visit the company's newsroom at ibn.fm/GLND.

This announcement comes as the energy sector continues to seek new frontiers amid declining reserves in mature basins. While Arctic exploration carries inherent risks, including environmental concerns and operational complexities, Greenland Energy's strategic partnerships and acreage position it to test a thesis that has remained unproven for decades. The company's ability to execute its drilling plans will be critical in determining whether the Jameson Land Basin lives up to its estimated potential.