EX-99.1 2 greenlandenergy_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Greenland Energy Company Issues Shareholder Letter Providing Update with Greenlandic Authorities and Regulators and Preparations Occurring at the Jameson Land Basin DENVER, August 6, 2026 /PRNewswire/ - Greenland Energy Company (NASDAQ: GLND) (“the Company” or “Greenland Energy”), an oil exploration company focused on East Greenland’s Jameson Land Basin, today issued the following letter to shareholders from its management and board of directors. The letter sets out the Company’s progress with the Greenlandic authorities and regulators and preparations occurring at the Jameson Land Basin: Shareholder Update Advancing Jameson Land Through Disciplined Execution To Our Shareholders, Over the past several weeks, Greenland Energy has continued advancing preparations for what we believe will be one of the most significant onshore exploration programs undertaken in Greenland in decades. While much of this work occurs behind the scenes, it represents the essential foundation required to safely and responsibly execute a successful drilling campaign in one of the world’s most challenging operating environments. Our pr…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
Greenland Energy Company
GLNDNASDAQEQUITYCurrent
Regulation FD Disclosure
Item Regulation 7.01 FD Disclosure. On August 6, 2026, the board of directors and management of Greenland Energy Company, a Texas corporation (the “Company”) issued a press release containing a letter to the Company’s shareholders updating them on the Company’s current progress with the Greenlandic authorities and regulators for necessary approvals and permitting to drill in the Jameson Land Basin…
Company context
We are an exploration-stage oil and gas company led by a team of industry veterans and bolstered by a deep bench of consultants with decades of experience in the energy and natural resources industries. Our primary mission is to unlock the frontier hydrocarbon potential of the Jameson Land Basin in East Greenland, a 2-million-acre onshore licensed area through application of modern exploration technologies. With an estimated 13.03 billion barrels of gross un-risked recoverable oil, we are leveraging strategic partnerships to execute the first modern onshore drilling campaign in the region, slated for 2026. March GL, our wholly-owned subsidiary, holds rights under exclusive licenses held by third parties to an over 2-million-acre area located in the Jameson Land region of East Greenland, where its licenses cover the majority of the basin. As of October 2025, independent resource estimates prepared by Sproule ERCE indicate that March GL’s licenses hold the potential resources of 13 billion barrels of oil (an estimate of the 3U gross un-risked prospective recoverable oil). The Jameson Land Basin is located in central eastern Greenland, forming a large onshore sedimentary basin within the Jameson Land peninsula. This peninsula lies along the southeastern continental margin of East Greenland, primarily between approximately 70°N and 72°N latitude. The basin represents one of the last remaining undrilled North Atlantic Margin basins and covers a structurally complex area with signi