Greenland Energy Company (NASDAQ: GLND) provided a midyear operational update on Thursday, highlighting significant progress since its Nasdaq debut in March 2026. The company completed a public offering that raised approximately $70 million in gross proceeds and secured key service agreements to support its East Greenland exploration program. Among the developments is a five-year drilling agreement with Stampede Drilling and a comprehensive agreement with Halliburton (NYSE: HAL) for integrated consulting, logistics, and well services ahead of the planned drilling campaign.
The company said it continues advancing procurement, infrastructure planning, and equipment mobilization for its Jameson Land Basin project. Greenland Energy targets the start of modern onshore drilling operations in October 2026, with plans to drill the OPW-1 and OPW-6 exploration wells, each extending approximately 3,500 meters. The basin contains independent estimates of up to 13 billion barrels of gross unrisked prospective oil resources, supported by historical seismic data and prior industry investment.
Greenland Energy is an energy exploration company 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. The company’s newsroom can be accessed for the latest updates at https://nnw.fm/GLND.
The full press release is available at https://nnw.fm/xjzJf.
