Greenland Energy Company · NASDAQ:GLND

Greenland Energy — Investor Presentation (May 2026)

22 slides from Greenland Energy's investor presentation, May 2026

  1. Slide 1: Unlocking the potential of one of the largest undeveloped arctic energy basins

    Unlocking the potential of one of the largest undeveloped arctic energy basins. Exploration of the Jameson Land Basin in East Greenland through modern technology, strategic partnerships⁴, and near-term drilling catalysts³. The basin has an independent estimate of up to approximately 13.0 billion bar

  2. Slide 2: Forward-looking statements

    This presentation contains “forward-looking statementsˮ within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained herein other than statements of present or historical fact, including statements regarding Greenland Energy

  3. Slide 3: Basin-scale frontier opportunity with near-term drilling catalysts

    Basin-scale frontier opportunity with near-term drilling catalysts. Rights to Earn Basin Scale Interest Up to 13.0 Billion Barrels Approximately 2.1 million acres across 3 exclusive Independent engineering estimate of gross oil licenses covering the entire Jameson Land license potential (gross un-ri

  4. Slide 4: Our Team

    Our Team Larry G. Swets, Jr. Robert Price Ashiq Merchant Executive Chairman Chief Executive Officer Chief Financial Officer 30+ years investing in and building Founder of March GL 25+ years of senior finance public and private companies 40+ years building and operating leadership in publicly listed en

  5. Slide 5: Key Basin Metrics

    Key Basin Metrics Jameson Land Basin statistics & resource potential 2.1 Million 58 1,800 13.0 Bn $275M+ 3 Approximate acres Identified km Estimated barrels Historical Covered by License Gross Un-risked 3U Exclusive Licenses² prospective drill Investment, in Position² Approximate 2D Prospective site

  6. Slide 6: Why GLND Believes Jameson Land is Actionable Today

    Why GLND Believes Jameson Land is Actionable Today Current License Modern Exploration Improved Arctic Defined Near-Term Framework Technology Accessibility Catalysts Changing Politics Advanced Capabilities Seasonal Access Q3 2026 Target ● Advanced seismic ● Increasing seasonal ● Infrastructure mobiliz

  7. Slide 7: ARCO's Arctic Success

    ARCO’s Arctic Success The 1968 discovery of the Alaskan Prudhoe Bay field, North Americaʼs largest oil field, didn't just provide resources, it also validated decades of ARCO's geological hypothesis and commitment to northern frontier exploration.¹ Strategic Persistence ARCO maintained exploration e

  8. Slide 8: Historical Testing

    Historical Testing ARCO also identified Jameson Land as a major arctic hydrocarbon basin.¹ ARCO’s Arctic Legacy Following the discovery and success of Prudhoe Bay, the Between 1970 and 1990, ARCO conducted historical exploration of Jameson Land by ARCO supports extensive exploration and basin analysi

  9. Slide 9: ARCO's development was stunted by macroeconomic constraints

    ARCO’s development was stunted by macroeconomic constraints. 1980s Present Day ³ Oil Price Collapse¹ Modern Arctic Capabilities Significant price reductions during the 1980s reduced Advanced remote operations, improved logistics, better project viability and investment returns supply chains Defined E

  10. Slide 10: Decades of Basin Validation Leading to First Modern Drilling Campaign

    Decades of Basin Validation Leading to First Modern Drilling Campaign Project Timeline 1970s-1990 2014-2018 2021-2024 May-Sep. 2025 Oct. 2025-Apr. Oct. 2026 ARCO/ENI White Flame Licenses March GL Earn-In 2026 OPW1 Drilling Exploration Secures Basin Grandfathered; 80 Agreement Target Mobilization &

  11. Slide 11: Geological Indicators

    Geological Indicators Basin indicators, resource potential, and exploration upside. Basin Indicators¹ Resource Potential Surface Oil & Gas Genetic Match to Up to 13.0 Billion Barrels² Seepages North Sea Oil Systems Seismic Testing Independent engineering estimates indicate up to approximately Modern

  12. Slide 12: Understanding 2D Seismic Mapping

    Understanding 2D Seismic Mapping Seismic Imaging Process ⁶ How it works ⁶ ● Controlled seismic sources, like vibroseis trucks, send controlled vibrations into the ground using heavy plates ● The vibrations travel through underground rock layers and reflect back when they hit geological boundaries ●

  13. Slide 13: Proposed Well Locations

    Proposed Well Locations OPW-1 ● Initial well estimated at $40m cost Example locations. OPW-6 ● Second well estimated at $20m cost Sources: ² ³

  14. Slide 14: Infrastructure & Logistics

    Infrastructure & Logistics Current Mobilization ● Equipment Transport underway Historical Investment ● Beach landing operations planned ● 3 Mile Inland Road Construction planned 58 Identified ● Rig mobilization in progress $275M+ 2.1 Million Total past Acres Prospects investment, in Of potential Appr

  15. Slide 15: 2025-2026 Operations Timeline

    2025-2026 Operations Timeline Apr.-Sep. 2025 Oct. 2025 Mar. 2026 Mar.-Apr. 2026 Q2-Q3 2026 Q3/Q4 2026 Farm-Out Initial Equipment GLND Public Execution Partners Procurement and OPW1 Drilling Agreement Landing Listing Secured field readiness Window 2025: Farm-Out and Initial Early to Mid 2026: Public

  16. Slide 16: How Basin Ownership is Earned Through Execution

    How Basin Ownership is Earned Through Execution GLND funds: First exploration well ($40M)³ Second exploration well ($20M)³ 50% 70% Interest earned across Jameson Land license position³ Interest earned across Jameson Land license position³ Exploration drilling expands geological understanding and str

  17. Slide 17: Economic Potential

    Economic Potential Potential Advantages Large basin with North Atlantic large oil potential² Margin Basin Large-scale oil exposure if Modern Arctic commercial operating discovery is efficiencies⁴ achieved Advances in:⁴ ● Remote operations ● Ice-class shipping ● Modular infrastructure ● Arctic logisti

  18. Slide 18: Experienced Operators & Partners

    Experienced Operators & Partners Developed in partnership with operational and service providers with proven Arctic and frontier exploration capabilities Halliburton, IPT, and Stampede Drilling are mobilizing their personnel and equipment⁴ to Optimally Positioned Wells (OPW-1 and OPW-6)³ ● Halliburt

  19. Slide 19: Arctic energy exploration - One of the last true industrial frontiers

    Arctic energy exploration - One of the last true industrial frontiers. Why Greenland Energy Majority basin ownership Historically validated exposure³ hydrocarbon presence¹ Significant resource Modern drilling catalysts potential² approaching³ ⁴ Fully funded initial Defined earn-in license exploration

  20. Slide 20: Unlocking the potential of one of the largest undeveloped arctic energy basins

    Unlocking the potential of one of the largest undeveloped arctic energy basins. greenlandenergyco.com | @GL_Energy_Co | Greenland Energy Company NASDAQ: GLND

  21. Slide 21: Sources Cited

    Sources Cited ¹ Historical ARCO / Legacy Exploration ● Pelican EGM Proxy ● Nasdaq Business Combination Completion ● Nasdaq $70M Offering Closing ● Oilfield Technology article ● BLS Inflation Calculator ● What is Prudhoe Bay? ● ARCO strikes oil at Prudhoe Bay ● Greenlandʼs Untested Oil Basin Could Be

  22. Slide 22: Image Sources

    Image Sources Slide 3 https://ian.macky.net/pat/map/arct/arct.html Slide 7 https://www.usgs.gov/media/images/landsat-9-image-prudhoe-bay-alaska Slide 8 https://commons.wikimedia.org/wiki/File:Earth_from_Space-_Liverpool_Land,_Greenland_ESA24716944.tiff Slide 12 https://web.mit.edu/12.000/www/finalpr

Greenland Energy Company — Investor Presentation (May 2026) on 6ix