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Greenland Energy Company (NASDAQ: GLND) Secures a Strategic Agreement for Advanced Rig Capacity to Support the Onshore Oil Exploration Program in Greenland
Greenland Energy Company (NASDAQ: GLND) Secures a Strategic Agreement for Advanced Rig Capacity t...
About this update from Stampede Drilling Inc.
[{"type":"text","content":"Greenland Energy Company (NASDAQ: GLND) Secures a Strategic Agreement for Advanced Rig Capacity to Support the Onshore Oil Exploration Program in Greenland\n\n\nGreenland Energy Company (NASDAQ: GLND) Secures a Strategic Agreement for Advanced Rig Capacity to Support the Onshore Oil Exploration Program in Greenland\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPR Newswire\n\n\nStrategic agreement with Stampede Drilling (TSX: SDI) secures a high performance drilling rig for the Arctic conditions of the Jameson Land Basin operationsGreenland Energy selects Stampede Drilling to execute their 2026 drilling campaignHOUSTON and CALGARY, AB, March 27, 2026 /PRNewswire/ -- Greenland Energy Company (\"Greenland\") (NASDAQ: GLND) today announced a strategic drilling agreement with Stampede Drilling Inc. (\"Stampede\"), a leading Canadian energy services company, to provide a high-performance rig and expert services for upcoming operations in the Jameson Land Basin.\nThis 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 St...