Greenland Energy Aims 70% Jameson Land Stake with $70M Funding
Greenland Energy released an updated presentation to earn up to 70% working interest in the Jameson Land Basin via two wells, OPW-1 and OPW-6, citing 13 billion barrels of prospective resources. It raised $70 million for Arctic drilling campaign starting October 2026 and secured partnerships with Stampede, Halliburton and IPT.
1. Updated Exploration Strategy Presentation
Greenland Energy outlined plans to earn up to 70% working interest across its Jameson Land Basin licenses through two planned exploration wells, OPW-1 and OPW-6. The presentation highlighted an independent engineering estimate of about 13 billion barrels of gross unrisked prospective resources and detailed 2026 drilling milestones.
2. Funding and Operational Partnerships
The company secured $70 million in funding for its Arctic drilling campaign, set to commence in October 2026. It also formed operational partnerships with Stampede Drilling, Halliburton and IPT Well Solutions to support drilling and well services.