Greenland Energy Enters Strategic Drilling Agreement with Stampede Drilling
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."
