GLND News & Events

Greenland Energy (GLND) announced the signing of an agreement with Halliburton (HAL) for integrated consulting services and logistical management relating to the planning, coordination, handling, and transportation of equipment, services, and goods. The agreement includes well and drilling services for Greenland Energy's onshore campaign in the Jameson Land Basin. Building on Greenland Energy's previously announced strategic agreements with Stampede Drilling and Desgagnes, the agreement with Halliburton forms a key component of the company's integrated Arctic operations strategy. Together, these arrangements ensure rig performance, logistics, and subsurface technology for the first onshore exploration well in the Jameson Land Basin of Greenland.

Greenland Energy Company Common Stock trading halted, volatility trading pause

Greenland Energy announced a strategic drilling agreement with Stampede Drilling, a Canadian energy services company, to provide a high-performance rig and expert services for upcoming operations in the Jameson Land Basin. This agreement ensures the availability of Stampede's Rig #12, equipped for Arctic conditions, to mobilize crews and execute drilling for one of the industry's most anticipated frontier projects. Under a five-year agreement, plans call for drilling up to two wells. This agreement follows the completion of the previously announced business combination between Pelican Holdco, Inc., Pelican Acquisition Corporation, MarchGLCompany, and GreenlandExplorationLimited. The transaction closed on March25, forming GreenlandEnergyCompany, which now trades on NASDAQ under the ticker symbol "GLND."