Greenland Energy to Acquire 70% Stake in Jameson Land Basin, Tapping One of World's Largest Underexplored Onshore Regions

Greenland Energy to Acquire 70% Stake in Jameson Land Basin, Tapping One of World's Largest Underexplored Onshore Regions

Greenland Energy Company (NASDAQ: GLND) has announced an agreement to acquire a 70% working interest in the Jameson Land Basin, one of the world’s largest remaining underexplored onshore hydrocarbon regions, by fully funding the drilling program. The remaining 30% will be retained by 80 Mile, the current owner of the project. The basin spans more than 8,400 square kilometers (roughly 2 million acres) and has been the subject of extensive geologi…