Greenland Energy Signs Drilling Agreement with Stampede
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy GLND?
Source: seekingalpha
- Long-Term Partnership: Greenland Energy Company has signed a five-year drilling agreement with Stampede Drilling to secure Arctic rig capacity for its 2026 exploration program, which has positively impacted the company's share price in extended trading.
- Drilling Plans: The agreement outlines plans to drill up to two wells, providing the company with the capability to operate in Arctic conditions and laying the groundwork for one of the industry's most anticipated frontier projects.
- Partner Advantages: CEO Robert Price of Greenland Energy stated that securing a reliable, high-caliber drilling partner is essential for advancing a project of this scale, with Stampede's proven expertise in Arctic conditions and a strong safety and efficiency record providing operational support for the 2026 program.
- Environmental Responsibility: Lyle Whitmarsh, president of Stampede, emphasized that drilling in extreme conditions demands precision and respect for the environment, reflecting the company's commitment to sustainability and laying a foundation for future project success.
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Current: 13.000
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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 Signs Drilling Agreement with Stampede
- Long-Term Partnership: Greenland Energy Company has signed a five-year drilling agreement with Stampede Drilling to secure Arctic rig capacity for its 2026 exploration program, which has positively impacted the company's share price in extended trading.
- Drilling Plans: The agreement outlines plans to drill up to two wells, providing the company with the capability to operate in Arctic conditions and laying the groundwork for one of the industry's most anticipated frontier projects.
- Partner Advantages: CEO Robert Price of Greenland Energy stated that securing a reliable, high-caliber drilling partner is essential for advancing a project of this scale, with Stampede's proven expertise in Arctic conditions and a strong safety and efficiency record providing operational support for the 2026 program.
- Environmental Responsibility: Lyle Whitmarsh, president of Stampede, emphasized that drilling in extreme conditions demands precision and respect for the environment, reflecting the company's commitment to sustainability and laying a foundation for future project success.
See More
Greenland Energy Secures Advanced Rig Capacity for Arctic Exploration
Partnership Announcement: Greenland Energy has secured a five-year drilling agreement with Stampeded Drilling Inc. to enhance its operational capabilities in the Jameson Land Basin, aiming to meet its 2026 goals.
Stock Market Activity: Shares of Greenland Energy (GLND) saw a 2.19% increase following the announcement of the drilling agreement, recovering from a previous 37% decline.
Operational Focus: The partnership is expected to provide high-performance drilling services essential for operations in Arctic conditions, with an emphasis on safety and efficiency.
Resource Potential: Greenland Energy aims to unlock the natural resources of the Jameson Land Basin, which is estimated to contain up to 13 billion barrels of recoverable oil, contributing to global energy security.
See More
Greenland Energy Partners with Stampede for Arctic Drilling
- Strategic Partnership: Greenland Energy Company has signed a strategic agreement with Stampede Drilling to secure high-performance drilling equipment for its 2026 operations in the Jameson Land Basin, enhancing the company's capabilities in extreme climate conditions.
- Drilling Equipment Assurance: The agreement ensures the availability of Stampede's Rig #12 specifically designed for Arctic conditions, with plans to drill up to two wells over the next five years, thereby facilitating smooth project execution and mitigating potential risks.
- Industry Outlook: This partnership follows the merger of Pelican Holdco with Greenland Energy, which has now listed on NASDAQ, potentially attracting more investor interest in its Arctic energy development prospects.
- Commitment to Safety and Efficiency: Stampede's proven expertise in extreme conditions will provide essential operational support for Greenland Energy, with the CEO stating that this collaboration will lay a solid foundation for future drilling projects and drive exploration in unexplored basins.
See More
Greenland Energy Partners with Stampede Drilling for Arctic Operations
- Strategic Partnership: Greenland Energy Company has signed a strategic agreement with Stampede Drilling to secure high-performance drilling equipment for its 2026 operations in the Jameson Land Basin, significantly enhancing the company's operational capabilities in extreme climate conditions.
- Drilling Rig Assurance: The agreement ensures the availability of Stampede's Rig #12, specifically designed for Arctic conditions, with plans to drill up to two wells over the next five years, facilitating the smooth advancement of one of the industry's most anticipated frontier projects.
- Business Combination Completion: This agreement follows the completion of the business combination between Greenland Energy and Pelican Holdco, effective March 25, 2026, establishing a new publicly traded platform that strengthens the company's market position.
- Commitment to Safety and Efficiency: Stampede's proven expertise and safety record in extreme conditions provide a solid operational backbone for Greenland's 2026 program, expected to drive exploration and development in unexplored basins, enhancing its competitiveness in the energy market.
See More
Greenland Energy Appoints New Advisor
- Executive Appointment: Greenland Energy has appointed Joe Moglia as Executive Advisor to the Board, leveraging his extensive experience in capital markets and global economics to provide strategic guidance for the company's Arctic development plans, which is expected to enhance its competitiveness in this critical region.
- Business Combination Completed: The company has successfully completed its business combination with Pelican Acquisition Corporation and others, now trading on Nasdaq under the ticker symbol 'GLND', marking a significant milestone in its energy development journey.
- Strategic Importance: Moglia emphasizes the interconnectedness of energy, economic security, and geopolitical stability, believing that Greenland Energy has significant potential in pursuing world-class frontier opportunities that can meaningfully contribute to Western energy security.
- Strengthened Leadership: Moglia's involvement further enhances the leadership team's technical, operational, and financial expertise, which is expected to responsibly advance the development of one of the Arctic's most compelling undrilled prospects while adhering to the discipline expected of a U.S. listed public company.
See More
Greenland Energy Signs Drilling Agreement with Stampede
- Long-Term Partnership: Greenland Energy Company has signed a five-year drilling agreement with Stampede Drilling to secure Arctic rig capacity for its 2026 exploration program, which has positively impacted the company's share price in extended trading.
- Drilling Plans: The agreement outlines plans to drill up to two wells, providing the company with the capability to operate in Arctic conditions and laying the groundwork for one of the industry's most anticipated frontier projects.
- Partner Advantages: CEO Robert Price of Greenland Energy stated that securing a reliable, high-caliber drilling partner is essential for advancing a project of this scale, with Stampede's proven expertise in Arctic conditions and a strong safety and efficiency record providing operational support for the 2026 program.
- Environmental Responsibility: Lyle Whitmarsh, president of Stampede, emphasized that drilling in extreme conditions demands precision and respect for the environment, reflecting the company's commitment to sustainability and laying a foundation for future project success.
See More
Greenland Energy Secures Advanced Rig Capacity for Arctic Exploration
Partnership Announcement: Greenland Energy has secured a five-year drilling agreement with Stampeded Drilling Inc. to enhance its operational capabilities in the Jameson Land Basin, aiming to meet its 2026 goals.
Stock Market Activity: Shares of Greenland Energy (GLND) saw a 2.19% increase following the announcement of the drilling agreement, recovering from a previous 37% decline.
Operational Focus: The partnership is expected to provide high-performance drilling services essential for operations in Arctic conditions, with an emphasis on safety and efficiency.
Resource Potential: Greenland Energy aims to unlock the natural resources of the Jameson Land Basin, which is estimated to contain up to 13 billion barrels of recoverable oil, contributing to global energy security.
See More
Greenland Energy Partners with Stampede for Arctic Drilling
- Strategic Partnership: Greenland Energy Company has signed a strategic agreement with Stampede Drilling to secure high-performance drilling equipment for its 2026 operations in the Jameson Land Basin, enhancing the company's capabilities in extreme climate conditions.
- Drilling Equipment Assurance: The agreement ensures the availability of Stampede's Rig #12 specifically designed for Arctic conditions, with plans to drill up to two wells over the next five years, thereby facilitating smooth project execution and mitigating potential risks.
- Industry Outlook: This partnership follows the merger of Pelican Holdco with Greenland Energy, which has now listed on NASDAQ, potentially attracting more investor interest in its Arctic energy development prospects.
- Commitment to Safety and Efficiency: Stampede's proven expertise in extreme conditions will provide essential operational support for Greenland Energy, with the CEO stating that this collaboration will lay a solid foundation for future drilling projects and drive exploration in unexplored basins.
See More
Greenland Energy Partners with Stampede Drilling for Arctic Operations
- Strategic Partnership: Greenland Energy Company has signed a strategic agreement with Stampede Drilling to secure high-performance drilling equipment for its 2026 operations in the Jameson Land Basin, significantly enhancing the company's operational capabilities in extreme climate conditions.
- Drilling Rig Assurance: The agreement ensures the availability of Stampede's Rig #12, specifically designed for Arctic conditions, with plans to drill up to two wells over the next five years, facilitating the smooth advancement of one of the industry's most anticipated frontier projects.
- Business Combination Completion: This agreement follows the completion of the business combination between Greenland Energy and Pelican Holdco, effective March 25, 2026, establishing a new publicly traded platform that strengthens the company's market position.
- Commitment to Safety and Efficiency: Stampede's proven expertise and safety record in extreme conditions provide a solid operational backbone for Greenland's 2026 program, expected to drive exploration and development in unexplored basins, enhancing its competitiveness in the energy market.
See More
Greenland Energy Appoints New Advisor
- Executive Appointment: Greenland Energy has appointed Joe Moglia as Executive Advisor to the Board, leveraging his extensive experience in capital markets and global economics to provide strategic guidance for the company's Arctic development plans, which is expected to enhance its competitiveness in this critical region.
- Business Combination Completed: The company has successfully completed its business combination with Pelican Acquisition Corporation and others, now trading on Nasdaq under the ticker symbol 'GLND', marking a significant milestone in its energy development journey.
- Strategic Importance: Moglia emphasizes the interconnectedness of energy, economic security, and geopolitical stability, believing that Greenland Energy has significant potential in pursuing world-class frontier opportunities that can meaningfully contribute to Western energy security.
- Strengthened Leadership: Moglia's involvement further enhances the leadership team's technical, operational, and financial expertise, which is expected to responsibly advance the development of one of the Arctic's most compelling undrilled prospects while adhering to the discipline expected of a U.S. listed public company.
See More
