Greenland Energy Enters Strategic Drilling Agreement with Stampede Drilling
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 27 2026
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Should l Buy GLND?
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."
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About GLND
Greenland Energy Company is an energy company focused on global energy security through the development of Greenland’s natural resources. The Company’s Jameson Land Basin includes over 2,000,000 acres covering the entire petroleum basin. The Company maintains the rights to own up to 70% of three onshore licenses of the Jameson Land Basin in East Greenland.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Greenland Energy Partners with Halliburton for Arctic Operations
- Strategic Partnership: Greenland Energy Company has signed an agreement with Halliburton for integrated consulting and logistics management, covering the planning and transportation of equipment and services, marking a significant advancement in the company's first onshore exploration in the Jameson Land Basin.
- Drilling Program Advancement: This agreement represents a pivotal milestone in Greenland Energy's 2026 drilling program, with plans to commence drilling its first two wells following over a year of logistical planning, furthering the company's strategic positioning in Arctic energy development.
- Enhanced Technical Capabilities: By collaborating with Halliburton, Greenland Energy will leverage world-class expertise and advanced technologies to improve drilling accuracy, safety, and efficiency under Arctic conditions, thereby strengthening its operational platform and technical excellence.
- Significant Resource Potential: The Jameson Land Basin spans approximately 2 million acres and includes multiple identified targets supported by historical and modern seismic data, showcasing the substantial discovery potential of this undrilled basin, which could present considerable resource opportunities for the company.
See More
Greenland Energy Partners with Halliburton for Arctic Operations
- Stock Fluctuation: Greenland Energy (GLND) saw its stock surge by 27% in early trading on Monday before pulling back, reflecting a mix of initial market optimism regarding its agreement with Halliburton (HAL) and subsequent uncertainties.
- Strategic Partnership: The agreement provides integrated consulting services and logistical management for Greenland Energy's onshore exploration activities in the Jameson Basin, ensuring best-in-class rig performance and subsurface technology, marking a key component of the company's Arctic operations strategy.
- Exploration Timeline: Following over a year of logistical planning and site preparation, Greenland Energy expects to drill its first two wells in 2026, demonstrating the company's long-term growth potential and market confidence in the region.
- Geographical Advantage: The Jameson Basin spans approximately 2 million acres and includes multiple identified targets supported by seismic data, indicating a rich resource potential that could drive significant growth for the company in the future.
See More
Greenland Energy Company Advances Energy Independence Efforts
- Global Oil Market Interconnectedness: Data from the International Energy Agency (IEA) indicates that while diversification has improved, global oil markets remain interconnected, meaning disruptions anywhere can affect prices everywhere, highlighting the strategic value of developing new supply sources.
- Greenland Energy's Strategy: Greenland Energy Company is focused on developing significant oil resources in Greenland, targeting large-scale reserves aligned with Western interests, reflecting the urgent need for long-term stable energy supplies.
- Development Challenges and Risks: The company faces drilling costs of up to $40 million and environmental regulatory risks, particularly in the Arctic's extreme climate and lack of infrastructure, increasing project complexity and uncertainty.
- Market Outlook and Investment Opportunities: Despite challenges, Greenland Energy's efforts may provide long-term growth opportunities for investors, especially against the backdrop of rising global demand for energy independence and renewable energy.
See More
Greenland Energy Company Announces New Developments
- Global Energy Vulnerability: Escalating geopolitical tensions and disruptions in key shipping corridors, particularly around the Strait of Hormuz, highlight the fragility of global energy security, as both the U.S. and Europe continue to face risks of supply disruptions that could cascade through economies, industries, and households despite years of diversification efforts.
- Focus on New Resource Development: In this context, companies like Greenland Energy Company, which is advancing exploration activities in Greenland's Jameson Land Basin and planning to drill key wells, are gaining increased attention for their potential to unlock substantial oil resources in politically stable regions.
- Strategic Energy Independence: By positioning itself within the broader narrative of strengthening energy independence for Western economies, Greenland Energy Company's exploration activities are becoming increasingly significant, potentially attracting more investor interest as global focus shifts to new supply frontiers.
- Future Development Goals: The company aims to responsibly develop Greenland's hydrocarbon resources, particularly in the Jameson Land Basin, and create a publicly traded platform for Arctic energy development, showcasing its potential role in the energy transition and long-term growth opportunities.
See More
Greenland Energy Company Advances Oil Exploration Efforts
- Increased Focus on Energy Security: Ongoing instability in the Middle East has intensified concerns about the resilience of global energy supply networks, with the Strait of Hormuz responsible for approximately 20% of global oil consumption, prompting policymakers in North America and Europe to emphasize the importance of diversifying energy sources to reduce reliance on vulnerable transit routes.
- Significant Exploration Potential: Greenland Energy Company's primary asset in the Jameson Land Basin is estimated to contain up to 13 billion barrels of oil, which, if successfully developed, could rank among the most significant oil discoveries globally, profoundly impacting regional and global energy markets.
- Strategic Partnerships Enhance Capability: The company has secured drilling capacity through strategic agreements and plans to acquire rights to approximately 70% of the Jameson Land Basin, covering around two million acres, significantly increasing its exposure to the resource base and providing crucial support for future development.
- Experienced Leadership Team: The appointment of Joe Moglia, with his background in financial markets and corporate governance, will provide valuable guidance for the company’s capital market engagement and regulatory oversight, ensuring effective advancement of exploration projects in a complex financial and regulatory environment.
See More
Greenland Energy Advances Oil Exploration Amid Geopolitical Tensions
- Increased Focus on Energy Security: Ongoing instability in the Middle East has intensified concerns over the resilience of global energy supply networks, with the Strait of Hormuz responsible for about 20% of global oil consumption, prompting policymakers to prioritize reducing dependence on vulnerable transit routes and thus advancing energy independence strategies.
- Significant Exploration Potential: Greenland Energy's primary asset in the Jameson Land Basin is estimated to contain up to 13 billion barrels of oil, which, if successfully developed, could significantly impact both regional and global energy markets, positioning it as a crucial future energy supply source.
- Enhanced Capabilities Through Strategic Partnerships: The company has secured drilling capacity through strategic agreements and plans to acquire approximately 70% rights in the Jameson Land Basin, covering about two million acres, which would substantially increase its resource base and potentially create transformative opportunities.
- Experienced Leadership Team: The appointment of Joe Moglia, with his background in capital markets and corporate governance, will provide valuable guidance for the company in navigating exploration and capital strategy, ensuring effective execution of its long-term development strategy in a complex financial and regulatory environment.
See More
Greenland Energy Partners with Halliburton for Arctic Operations
- Strategic Partnership: Greenland Energy Company has signed an agreement with Halliburton for integrated consulting and logistics management, covering the planning and transportation of equipment and services, marking a significant advancement in the company's first onshore exploration in the Jameson Land Basin.
- Drilling Program Advancement: This agreement represents a pivotal milestone in Greenland Energy's 2026 drilling program, with plans to commence drilling its first two wells following over a year of logistical planning, furthering the company's strategic positioning in Arctic energy development.
- Enhanced Technical Capabilities: By collaborating with Halliburton, Greenland Energy will leverage world-class expertise and advanced technologies to improve drilling accuracy, safety, and efficiency under Arctic conditions, thereby strengthening its operational platform and technical excellence.
- Significant Resource Potential: The Jameson Land Basin spans approximately 2 million acres and includes multiple identified targets supported by historical and modern seismic data, showcasing the substantial discovery potential of this undrilled basin, which could present considerable resource opportunities for the company.
See More
Greenland Energy Partners with Halliburton for Arctic Operations
- Stock Fluctuation: Greenland Energy (GLND) saw its stock surge by 27% in early trading on Monday before pulling back, reflecting a mix of initial market optimism regarding its agreement with Halliburton (HAL) and subsequent uncertainties.
- Strategic Partnership: The agreement provides integrated consulting services and logistical management for Greenland Energy's onshore exploration activities in the Jameson Basin, ensuring best-in-class rig performance and subsurface technology, marking a key component of the company's Arctic operations strategy.
- Exploration Timeline: Following over a year of logistical planning and site preparation, Greenland Energy expects to drill its first two wells in 2026, demonstrating the company's long-term growth potential and market confidence in the region.
- Geographical Advantage: The Jameson Basin spans approximately 2 million acres and includes multiple identified targets supported by seismic data, indicating a rich resource potential that could drive significant growth for the company in the future.
See More
Greenland Energy Company Advances Energy Independence Efforts
- Global Oil Market Interconnectedness: Data from the International Energy Agency (IEA) indicates that while diversification has improved, global oil markets remain interconnected, meaning disruptions anywhere can affect prices everywhere, highlighting the strategic value of developing new supply sources.
- Greenland Energy's Strategy: Greenland Energy Company is focused on developing significant oil resources in Greenland, targeting large-scale reserves aligned with Western interests, reflecting the urgent need for long-term stable energy supplies.
- Development Challenges and Risks: The company faces drilling costs of up to $40 million and environmental regulatory risks, particularly in the Arctic's extreme climate and lack of infrastructure, increasing project complexity and uncertainty.
- Market Outlook and Investment Opportunities: Despite challenges, Greenland Energy's efforts may provide long-term growth opportunities for investors, especially against the backdrop of rising global demand for energy independence and renewable energy.
See More
Greenland Energy Company Announces New Developments
- Global Energy Vulnerability: Escalating geopolitical tensions and disruptions in key shipping corridors, particularly around the Strait of Hormuz, highlight the fragility of global energy security, as both the U.S. and Europe continue to face risks of supply disruptions that could cascade through economies, industries, and households despite years of diversification efforts.
- Focus on New Resource Development: In this context, companies like Greenland Energy Company, which is advancing exploration activities in Greenland's Jameson Land Basin and planning to drill key wells, are gaining increased attention for their potential to unlock substantial oil resources in politically stable regions.
- Strategic Energy Independence: By positioning itself within the broader narrative of strengthening energy independence for Western economies, Greenland Energy Company's exploration activities are becoming increasingly significant, potentially attracting more investor interest as global focus shifts to new supply frontiers.
- Future Development Goals: The company aims to responsibly develop Greenland's hydrocarbon resources, particularly in the Jameson Land Basin, and create a publicly traded platform for Arctic energy development, showcasing its potential role in the energy transition and long-term growth opportunities.
See More
Greenland Energy Company Advances Oil Exploration Efforts
- Increased Focus on Energy Security: Ongoing instability in the Middle East has intensified concerns about the resilience of global energy supply networks, with the Strait of Hormuz responsible for approximately 20% of global oil consumption, prompting policymakers in North America and Europe to emphasize the importance of diversifying energy sources to reduce reliance on vulnerable transit routes.
- Significant Exploration Potential: Greenland Energy Company's primary asset in the Jameson Land Basin is estimated to contain up to 13 billion barrels of oil, which, if successfully developed, could rank among the most significant oil discoveries globally, profoundly impacting regional and global energy markets.
- Strategic Partnerships Enhance Capability: The company has secured drilling capacity through strategic agreements and plans to acquire rights to approximately 70% of the Jameson Land Basin, covering around two million acres, significantly increasing its exposure to the resource base and providing crucial support for future development.
- Experienced Leadership Team: The appointment of Joe Moglia, with his background in financial markets and corporate governance, will provide valuable guidance for the company’s capital market engagement and regulatory oversight, ensuring effective advancement of exploration projects in a complex financial and regulatory environment.
See More
Greenland Energy Advances Oil Exploration Amid Geopolitical Tensions
- Increased Focus on Energy Security: Ongoing instability in the Middle East has intensified concerns over the resilience of global energy supply networks, with the Strait of Hormuz responsible for about 20% of global oil consumption, prompting policymakers to prioritize reducing dependence on vulnerable transit routes and thus advancing energy independence strategies.
- Significant Exploration Potential: Greenland Energy's primary asset in the Jameson Land Basin is estimated to contain up to 13 billion barrels of oil, which, if successfully developed, could significantly impact both regional and global energy markets, positioning it as a crucial future energy supply source.
- Enhanced Capabilities Through Strategic Partnerships: The company has secured drilling capacity through strategic agreements and plans to acquire approximately 70% rights in the Jameson Land Basin, covering about two million acres, which would substantially increase its resource base and potentially create transformative opportunities.
- Experienced Leadership Team: The appointment of Joe Moglia, with his background in capital markets and corporate governance, will provide valuable guidance for the company in navigating exploration and capital strategy, ensuring effective execution of its long-term development strategy in a complex financial and regulatory environment.
See More
