• Greenland Energy CEO Robert Price told The MiningNewsWire Podcast the company raised USD 70 million through a de-SPAC process, fully funding a two-well drilling program in Greenland’s Jameson Land Basin.
• Price said the first well is expected to spud in early October during the initial freeze, with the first location about three miles from the beach to support beach landing logistics.
• An independent engineering report indicates upside potential of more than 13 billion barrels across the company’s roughly 2 million-acre position, with up to 2.9 billion barrels tied to the first well location.
• Price said surface oil samples genetically match North Sea Brent crude, describing the target as 40-degree light sweet crude with implications for US and European supply security.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenland Energy Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605190800PRIMZONEFULLFEED9720747) on May 19, 2026, and is solely responsible for the information contained therein.