IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Robert Price, CEO of Greenland Energy Company

Greenland Energy Company (NASDAQ: GLND) announced a fully funded Arctic drilling campaign in Greenland's Jameson Land Basin with $70 million raised post-SPAC merger. CEO Robert Price outlined plans to drill two wells starting October 2026, with independent engineering reports suggesting potential reserves exceeding 13 billion barrels of oil. The company positions the project as strategically important for U.S. and European energy security.

05/19/2026, 8:00 AM • GlobeNewswire

Arctic Oil Rush: Greenland Energy Targets 13 Billion Barrels In High-Stakes Basin Play

Greenland Energy (NASDAQ:GLND) shares rose 1.19% in premarket trading Thursday following the company's announcement of advancing its Arctic exploration strategy. The company is targeting Greenland's Jameson Land Basin with plans to drill two wells in 2026, aiming for up to 70% working interest in a project estimated to hold 13 billion barrels of oil. The initiative is driven by renewed global focus on energy security and reducing reliance on overseas energy supplies.

04/30/2026, 9:06 AM • Benzinga

Pelican Acquisition Corporation (NASDAQ: PELI) Announces Completion of its Business Combination forming Greenland Energy Company

Pelican Acquisition Corporation completed its business combination with Greenland Exploration Limited and March GL Company to form Greenland Energy Company, which will trade on NASDAQ under ticker symbol GLND. The company holds rights to up to 70% of three onshore licenses in the Jameson Land Basin in East Greenland, with an independent engineering report indicating 13 billion barrels of recoverable oil upside. The company is valued at $215 million and is preparing to drill its first exploration well with support from major partners including Halliburton and a 3,500-meter-capable drilling rig.

03/25/2026, 4:50 PM • GlobeNewswire

Pelican Acquisition Corporation (NASDAQ: PELI) Announces Completion of its Business Combination forming Greenland Energy Company

Pelican Acquisition Corporation has completed its business combination with Greenland Exploration Limited and March GL Company to form Greenland Energy Company, a publicly traded energy company focused on developing the Jameson Land Basin in East Greenland. The combined company will trade on NASDAQ under ticker symbol 'GLND' starting March 26, 2026, with an implied valuation of $215 million. Greenland Energy has secured rights to up to 70% of three onshore licenses covering over 2 million acres with an estimated 13 billion barrels of recoverable oil, and has begun mobilizing equipment and securing logistics support for drilling operations.

03/25/2026, 4:50 PM • Benzinga

Pelican Acquisition Corporation (NASDAQ: PELI) Announces Successful Approval of its Business Combination with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company at the Extraordinary General Meeting of Shareholders held on March 19, 2026

Pelican Acquisition Corporation (NASDAQ: PELI) announced shareholder approval of its business combination with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company on March 19, 2026. The transaction aims to create a publicly traded energy company focused on developing Greenland's natural resources. The business combination is expected to be consummated on or about March 24, 2026, with March GL funding exploration wells in the Jameson Land Basin in exchange for up to 70% interest in the basin.

03/19/2026, 2:28 PM • Benzinga

Greenland Energy and Pelican Acquisition Corporation (NASDAQ: PELI) Appoints Ashiq Merchant, former BP executive, as Chief Financial Officer to Drive Transition to Public Markets and Advance World-Class Arctic Operations

Greenland Energy Company announced the appointment of Ashiq Merchant, a former BP executive with 25 years of experience, as Chief Financial Officer ahead of its business combination with Pelican Acquisition Corporation. The merger is expected to close following a shareholder vote on March 17, 2026, with the combined company trading on Nasdaq under ticker 'GLND'. Merchant will oversee financial operations and strategy as the company advances its 2026 exploratory drilling program in Greenland's Jameson Land Basin.

03/13/2026, 8:30 AM • Benzinga

Independent Petroleum Reserves and Resources Evaluation Identifies 13 Billion Barrel Potential at Jameson Land Basin, Greenland

80 Mile PLC and its joint venture partner March GL have received an independent assessment from Sproule ERCE estimating 13.03 billion barrels of recoverable prospective oil resources in the Jameson Land Basin in Eastern Greenland, with 80 Mile holding a 30% interest.

10/29/2025, 1:05 PM • Benzinga

Pelican Acquisition Corporation (NASDAQ: PELI) Announces Definitive Merger Agreement with Greenland Exploration Limited and March GL Company, with the combined company to be named Greenland Energy Company

Pelican Acquisition Corporation signed a definitive merger agreement with Greenland Exploration Limited and March GL Company to create Greenland Energy Company, focusing on exploring the Jameson Land Basin in East Greenland for potential oil and gas resources.

09/10/2025, 8:30 AM • Benzinga