Greenland Energy to Fully Fund Two-Well Drilling Program in Jameson Land Basin

Corporate Action
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Summary · why it matters

Greenland Energy will fully fund a two-well drilling program in Greenland's Jameson Land Basin planned for the second half of 2026, earning a 70% interest in the project while 80 Mile retains 30%. The basin spans more than 8,400 square kilometers and is one of the world's largest remaining underexplored onshore hydrocarbon regions. Greenland Energy has engaged Halliburton for consulting, logistics, and operational support, and expects additional agreements with Stampede Drilling to enhance drilling capabilities.

Impact on stocks 3

Energy▲ · 2 stocks
Halliburton Company
HAL
▲ PositiveDemandrelevance

Halliburton secured a consulting and operational support contract for the drilling program.

Critical Materials & Supply Chain▲ · 1 stocks
80 Mile Plc
80M
▲ PositiveCapitalrelevance

80 Mile retains a 30% interest in the project without funding the drilling program.

Off-coverage companies 1

Stampede Drilling Inc.Private▲ Positive
Demandrelevance

Stampede Drilling is expected to be engaged for drilling capabilities.

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