Greenland Energy Company (NASDAQ: GLND) provided a midyear operational update highlighting progress since its March 2026 Nasdaq debut, including the completion of a public offering that raised approximately $70 million in gross proceeds and the execution of key service agreements supporting its East Greenland exploration program. The company said it has signed 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.
Greenland Energy said it continues advancing procurement, infrastructure planning and equipment mobilization for its Jameson Land Basin project while targeting the start of modern onshore drilling operations in October 2026. The company plans to drill the OPW-1 and OPW-6 exploration wells, each extending approximately 3,500 meters, and noted 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.
The partnership with Halliburton is particularly significant, as it brings deep expertise in Arctic drilling and integrated services. Halliburton’s involvement could mitigate operational risks and accelerate the timeline for first oil. Greenland Energy’s successful Nasdaq listing and capital raise provide the financial runway needed to execute this high-impact exploration program, which represents one of the largest undrilled onshore structures globally.
The announcement comes amid growing global energy demand and renewed interest in Arctic resources. For investors, Greenland Energy offers a pure-play exposure to frontier exploration with substantial upside potential. The company’s disciplined approach, combining modern technology with historical data, positions it to potentially unlock significant value. The full press release is available at https://nnw.fm/u0vVA.
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.
