Greenland Energy Company (NASDAQ: GLND) is making progress on a rare frontier opportunity: an undrilled onshore basin of genuine scale in East Greenland. The company holds rights to up to 70% working interest across three licenses covering more than 2 million acres in the Jameson Land Basin, a petroleum basin historically evaluated by US Atlantic Richfield Company (ARCO) decades ago but never drilled.
Independent engineering estimates from Sproule ERCE indicate recoverable oil upside of 13 billion barrels across the basin. According to the company, onshore basins of this size that remain undrilled are increasingly rare, as most major hydrocarbon-producing regions have been systematically tested over the past half-century. Frontier opportunities now tend to be concentrated in geographies with challenging logistics, complex permitting, or historically limiting macroeconomic conditions.
Greenland Energy has contracted Stampede Drilling for Arctic-rated rig services and secured agreements with Halliburton, Desgagnés, and IPT Well Solutions to support its planned 2026 drilling campaign. The company notes that such basins carry a combination of technical risk and optionality that draws specific investor interest.
For more information on Greenland Energy, visit the company's newsroom at ibn.fm/GLND.
