- The renewed focus on energy security stems from ongoing concerns surrounding the Strait of Hormuz, one of the world’s most important energy transportation corridors.
- For companies such as Greenland Energy Company that are pursuing new exploration opportunities outside traditional producing regions, these developments can strengthen the investment case for frontier projects.
- The company’s upcoming drilling program in the Jameson Land Basin represents the first modern effort to fully test portions of the basin using contemporary exploration techniques.
In reaction to the ongoing conflict within the Middle East, the global energy market has once again been reminded how quickly geopolitical events can disrupt oil supplies and drive volatility across economies. Discussions surrounding the Strait of Hormuz and the strategic importance of new oil-producing regions have highlighted the need for diversified energy sources, creating a potentially favorable backdrop for Greenland Energy (NASDAQ: GLND), which is advancing exploration activities in Greenland’s Jameson Land Basin and seeking to unlock a significant frontier oil resource.
The renewed focus on energy security stems from ongoing concerns surrounding the Strait of Hormuz, one of the world’s most important energy transportation corridors. Roughly one-fifth of global petroleum liquids consumption moves through the narrow waterway connecting the Persian Gulf to international markets. Any disruption can have an outsized effect on global oil prices because energy markets are interconnected regardless of where the oil is ultimately consumed.
Those concerns were highlighted in a recent report discussing comments from U.S. Ambassador to Denmark Ken Howery’s successor, Tom Landry, regarding Greenland’s untapped energy potential. Landry suggested that Greenland could eventually help alleviate some of the supply pressures associated with global dependence on the Strait of Hormuz, noting the significant oil resource potential that exists within Greenland’s sedimentary basins. The comments reflect a broader recognition that new sources of oil supply outside traditional producing regions could become increasingly valuable as governments and markets seek greater energy diversification.
The importance of alternative supply sources became especially evident during recent disruptions involving Iran and the Strait of Hormuz. Energy markets experienced substantial price volatility as concerns mounted over the movement of oil through the region. Oil prices rose sharply during periods of uncertainty and subsequently fell when negotiations appeared to improve prospects for reopening the waterway. The episode demonstrated how heavily global energy markets remain influenced by geopolitical developments in a relatively small geographic area.
For companies pursuing new exploration opportunities outside traditional producing regions, these developments can strengthen the investment case for frontier projects. Greenland, while historically underexplored compared with major producing basins elsewhere in the world, possesses significant geological potential. Greenland Energy Company is focused on the Jameson Land Basin in eastern Greenland, where the company has secured an agreement that could allow it to earn up to a 70% interest in the basin by funding exploration activities. According to the company, it will fund 100% of the costs associated with two planned exploration wells designed to evaluate the basin’s hydrocarbon potential.
The Jameson Land Basin has attracted attention because of its geological similarities to other productive North Atlantic petroleum systems. The company’s upcoming drilling program represents the first modern effort to fully test portions of the basin using contemporary exploration techniques. The company has outlined plans for two exploration wells, known as OPW-1 and OPW-6, as part of its initial drilling campaign. Recent company disclosures indicate that field preparation, infrastructure planning, and logistics activities are underway in support of the targeted 2026 drilling program.
The significance of the project was recently discussed by Greenland Energy Company CEO Robert Price during an interview with Energy, Oil & Gas magazine. In that discussion, Price described the evolving nature of the Jameson Land Basin exploration project and the opportunity presented by one of the world’s last major frontier petroleum basins. The interview highlighted the company’s planned exploration activities; the geological characteristics of the basin and the broader role Greenland could potentially play in future energy markets.
Price has consistently emphasized the project’s long-term strategic importance. Industry publications have reported that GLND’s exploration efforts are supported by reprocessed historical seismic data and a comprehensive geological review of the basin. According to the company, the Jameson Land project is fully financed for its planned initial drilling activities, a notable distinction in the frontier exploration sector where many projects remain dependent on future funding or farm-out agreements before drilling can begin.
The company’s progress comes at a time when policymakers, investors and energy consumers are increasingly focused on supply resilience. Recent events involving the Strait of Hormuz have underscored the risks associated with concentrated production and transportation infrastructure. Even when disruptions are temporary, they can create significant market volatility, influence inflation and affect economic growth. As a result, exploration projects capable of expanding the global supply base often receive heightened attention during periods of geopolitical uncertainty.
As global energy markets continue to respond to geopolitical developments, the search for new and reliable sources of oil supply remains a central theme. Recent discussions about Greenland’s potential role in enhancing energy security have brought additional attention to the region’s resource base. For Greenland Energy Company, the convergence of rising interest in energy diversification, growing concerns about supply-chain vulnerability, and the advancement of its Jameson Land exploration program could provide an opportunity to demonstrate the value of frontier exploration in an increasingly complex global energy landscape.
For more information, visit the company’s website at www.GreenlandEnergyCo.com.
NOTE TO INVESTORS: The latest news and updates relating to GLND are available in the company’s newsroom at https://nnw.fm/GLND
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained herein other than statements of present or historical fact, including, without limitation, statements regarding Greenland Energy Company’s (the “Company”) future financial performance, business strategy, operations, financial position, estimated revenues and losses, projected costs, prospects, plans, objectives of management, and expected benefits of the Company’s recent business combination, are forward-looking statements. Forward-looking statements are generally identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “potential,” “predict,” or the negative of these terms or similar expressions, although not all forward-looking statements contain such identifying words.
These forward-looking statements are based on management’s current expectations, assumptions and beliefs regarding future events and are based on information currently available to the Company. These statements involve a number of risks and uncertainties, many of which are difficult to predict and are beyond the Company’s control, and actual results may differ materially from those expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially include, among others: (i) Exploration and Geological Risks, including the Company’s status as a development-stage company with no operating history, revenues, or proved reserves; the inherent uncertainty in prospective resource estimates, including that the 13 billion barrel estimate is based on undiscovered accumulations with no certainty of discovery or commercial viability; geological complexity arising from limited seismic data coverage, pervasive igneous intrusions, faulting patterns, and significant Tertiary uplift creating thermal maturity uncertainty; the fact that the basin has never produced a commercial discovery despite decades of study dating back to the 1970s, and a 2008 USGS report stating less than a 10% chance of containing a technically recoverable hydrocarbon accumulation; and high-cost frontier exploration with estimated well costs of $40 million for the first well and $20 million for subsequent wells; (ii) Operational and Environmental Risks, including the challenges of operating in a remote Arctic location with extreme climate, harsh weather, limited daylight, no existing infrastructure, and seasonal access windows for equipment and personnel; drilling hazards such as blowouts, equipment failures, well control events, environmental releases, and accidents inherent in oil and gas operations; reliance on third-party contractors; and climate change scrutiny, as operations in Greenland face increasing opposition from environmental groups and institutional investors due to Arctic drilling concerns; (iii) Regulatory and Political Risks, including the 2021 Greenland drilling moratorium, and while licenses are grandfathered, future regulatory changes could jeopardize operations; geopolitical tensions, including U.S. interest in acquiring Greenland and Greenland’s internal independence movements that could affect operations; permit requirements, as drilling requires Environmental Impact Assessment approval and Field Activities Application approval from Greenlandic authorities; and forfeiture risk, as failure to meet drilling milestones could result in loss of the Company’s right to earn working interests; (iv) Financial and Capital Risks, including significant capital requirements and the need for substantial funding beyond current resources to complete the drilling program; commodity price volatility, as oil, gas, and NGL prices are highly volatile and will heavily influence project viability; a long development timeline during which market conditions may change significantly before potential production, unlike short-cycle shale projects; going concern uncertainty and substantial doubt about the Company’s ability to continue as a going concern without additional financing; and energy transition risk, as global demand for oil may decline due to electric vehicle adoption, renewable energy policies, and changing consumer preferences; and other risks and uncertainties as set forth in the Company’s Prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4) under the Securities Act on April 29, 2026, in the section titled “Risk Factors”.
Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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