Greenland Energy Company (NASDAQ:GLND) shares are trading higher Monday after the company announced an agreement with Halliburton for its 2026 Jameson Land drilling campaign.
- Greenland Energy stock is showing exceptional strength. What’s driving GLND stock higher?
Deal Highlights
The agreement covers integrated consulting services and logistical management, including planning, coordination, handling and transportation of equipment, services and goods, along with comprehensive well and drilling services for Greenland Energy’s onshore campaign in the Jameson Land Basin.
Together with previously announced agreements with Stampede Drilling and Desgagnés, the company said these arrangements are intended to support the execution of its first onshore exploration well in the basin.
“Greenland Energy Company’s agreement with Halliburton is another pivotal milestone as we execute our 2026 drilling program and build on the momentum following our NASDAQ listing,” said CEO Robert Price.
Operational Outlook
Greenland Energy expects to drill its first two wells in 2026 following more than a year of logistical planning and site preparation. The Jameson Land Basin spans approximately 2 million acres and includes multiple identified targets supported by historical and modern seismic data.
Greenland Energy Shares Race Higher
GLND Price Action: At the time of publication, Greenland Energy shares are trading 15.14% higher at $7.15, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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