(SeaPRwire) –   A strategic agreement with Stampede Drilling (TSX: SDI) has secured a high-performance drilling rig suitable for the Arctic conditions of the Jameson Land Basin operations.

Greenland Energy has chosen Stampede Drilling to carry out its 2026 drilling campaign.

HOUSTON and CALGARY, AB, March 27, 2026 — Greenland Energy Company (“Greenland”) (NASDAQ: GLND) has announced a strategic drilling agreement with Stampede Drilling Inc. (“Stampede”), a prominent Canadian energy services firm. This agreement will provide a high-performance rig and expert services for upcoming operations in the Jameson Land Basin.

This agreement guarantees the availability of Stampede’s Rig #12, which is equipped for Arctic conditions, to deploy crews and conduct drilling for one of the industry’s most anticipated frontier projects. The five-year agreement outlines plans to drill up to two wells.

This agreement follows the recent completion of the business combination involving Pelican Holdco, Inc., Pelican Acquisition Corporation, March GL Company, and Greenland Exploration Limited. The transaction concluded on March 25, 2026, establishing Greenland Energy Company, which is now listed on NASDAQ under the ticker symbol “GLND”.

“Securing a dependable, high-caliber drilling partner is crucial for the success of advancing a project of this magnitude,” stated Robert Price, CEO of Greenland Energy Company. “Stampede brings proven expertise in Arctic conditions and a history of safety and efficiency, providing us with the operational foundation to execute our 2026 program.”

“Operating in extreme conditions requires precision and environmental consideration,” said Lyle Whitmarsh, President and CEO of Stampede. “We are enthusiastic about partnering with the Greenland Energy team on a program that has the potential to unlock one of the world’s most exciting unexplored basins, and we are eager to deliver the operational performance that will bring this vision to fruition.”

About Greenland Energy Company

Greenland Energy Company (NASDAQ: GLND) is an energy exploration company dedicated to the responsible development of Greenland’s hydrocarbon resources, with a particular focus on the Jameson Land Basin. Its objective is to advance oil and gas exploration and establish a publicly traded entity for Arctic energy development. Further details about Greenland Energy Company can be found on its website at www.greenlandenergyco.com.

About Stampede Drilling Inc.

Stampede Drilling Inc. (TSX: SDI) is an energy services company headquartered in Calgary, Alberta, offering premier contract drilling services with a fleet of high-quality rigs and experienced field personnel. With a focus on safety, efficiency, and value, Stampede serves the oil and natural gas industry in Western Canada and emerging frontier regions. More information is available at www.stampededrilling.com.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined by the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that are not statements of present or historical fact are considered forward-looking statements. The presence of words such as “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” their negative forms, and similar expressions indicates forward-looking statements, although not all such statements contain these identifying words. These forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements are based on estimates and assumptions that, while considered reasonable by Greenland Energy Company and its management, are inherently uncertain. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: 1) the outcome of any legal proceedings that may be initiated against Greenland Energy Company or others following the closing of the business combination; 2) the ability to meet Nasdaq’s continued listing standards after the consummation of the business combination; 3) the risk that the business combination may disrupt current plans and operations of Greenland Energy Company; 4) the ability to realize the anticipated benefits of the business combination, which may be impacted by, among other things, the combined company’s ability to grow and manage growth, maintain partner relationships, and retain its management and key employees; 5) costs associated with the business combination; 6) changes in applicable laws or regulations; 7) the possibility that Greenland Energy Company may be adversely affected by other economic, business, and/or competitive factors; 8) geological and technical uncertainties inherent in oil and gas exploration; 9) commodity price volatility; 10) regulatory and permitting risks associated with operations in Greenland; and 11) other risks and uncertainties detailed in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” sections of Pelican Acquisition Corporation’s Registration Statement on Form S-4 filed with the U.S. Securities and Exchange Commission (“SEC”), and other filings by Pelican Acquisition Corporation or Greenland Energy Company with the SEC. While Greenland Energy Company believes the expectations reflected in the forward-looking statements are reasonable, no person should regard these statements as a representation that the forward-looking statements will be achieved or that any contemplated results will be realized. There may be additional risks that Greenland Energy Company is not currently aware of or that it currently considers immaterial, which could also cause actual results to differ from those contained in the forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are made only as of the date of this press release. Greenland Energy Company expressly disclaims any duty to update these forward-looking statements, except as required by applicable law.

Contact: contact@greenlandenergyco.com

SOURCE Greenland Energy Company