Greenland Energy Company (NASDAQ: GLND) has released a midyear operational update detailing significant progress since its March 2026 Nasdaq debut, including the completion of a public offering that raised approximately $70 million in gross proceeds. The company has also executed key service agreements supporting its East Greenland exploration program, notably a five-year drilling agreement with Stampede Drilling and an agreement with Halliburton (NYSE: HAL) for integrated consulting, logistics and well services ahead of its planned drilling campaign.
The company continues to advance procurement, infrastructure planning and equipment mobilization for its Jameson Land Basin project while targeting the start of modern onshore drilling operations in October 2026. Greenland Energy 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 Company (NASDAQ: GLND) is an energy exploration company focused on responsibly developing Greenland’s hydrocarbon resources, with an emphasis on the Jameson Land Basin. It aims to advance oil and gas exploration and create a publicly traded platform for Arctic energy development.
For more information, see the full press release at https://nnw.fm/u0vVA.
