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Greenland Energy's Jameson Land Basin Drilling Program FAQ
Greenland Energy (GLND) is funding a two-well drilling program in Greenland's Jameson Land Basin, one of the world's largest underexplored onshore hydrocarbon regions, aiming to earn a 70% interest through partnerships with Halliburton and Stampede Drilling.
Greenland Energy aims to advance oil and gas exploration in the Jameson Land Basin by funding a two-well drilling program to evaluate the basin's potential and earn a 70% interest in the project.
The basin spans over 8,400 square kilometers and is one of the world's largest remaining underexplored onshore hydrocarbon regions, having attracted decades of industry attention and substantial historical investment due to its potential resource scale.
Greenland Energy will fully fund a two-well drilling program under an agreement with 80 Mile, earning a 70% interest in the project while 80 Mile retains 30%.
Halliburton is providing consulting services, logistics planning, and operational support, while Stampede Drilling is expected to enhance drilling capabilities and execution.
The two-well drilling program is planned for the second half of 2026.
The Jameson Land Basin is located in Greenland, and it is one of the world's largest remaining underexplored onshore hydrocarbon regions.
Risks include exploration and geological uncertainties, such as the company's status as a development-stage company with no operating history or proved reserves, and the inherent uncertainty in prospective resource estimates.
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