- Strategic agreement with Stampede Drilling secures a high performance drilling rig for the Arctic conditions of the Jameson Land Basin operations
- Greenland Energy selects Stampede Drilling to execute their 2026 drilling campaign
Greenland Energy Company has announced a strategic drilling agreement with Stampede Drilling Inc., a leading 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, March?GL?Company, and Greenland?Exploration?Limited. The transaction closed on March?25,?2026, forming Greenland?Energy?Company, which now trades on NASDAQ under the ticker symbol 'GLND'.
'Securing a reliable, high-caliber drilling partner is essential for success in advancing a project of this scale,' said Robert Price, CEO of Greenland Energy Company. 'Stampede brings proven expertise in Arctic conditions and a track record of safety and efficiency, giving us the operational backbone to deliver our 2026 program.'
'Delivering in extreme conditions demands precision and respect for the environment,' said Lyle Whitmarsh, President and CEO of Stampede. 'We're excited to partner with the Greenland Energy team on a program that has the potential to open one of the most exciting unexplored basins in the world, and we look forward to delivering the operational performance that makes that vision a reality.'
About Greenland Energy Company
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. More information regarding Greenland Energy Company is available on its website www.greenlandenergyco.com.
About Stampede Drilling Inc.
Stampede Drilling Inc. is an energy services company based in Calgary, Alberta, providing premier contract drilling services with a fleet of high-quality rigs and experienced field staff. Focused on safety, efficiency, and value, Stampede serves the oil and natural gas industry in Western Canada and emerging frontier regions. More information is available at www.stampededrilling.com.
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Source: Greenland Energy via PRNewswire
