HAL
Arctic ambition, meet your caffeine-fueled stock chart
Greenland Energy is leaning hard into its Arctic exploration story, and the pitch is pretty simple: if the Jameson Land Basin is what the company thinks it is, this could be a very big oil story. The company says it plans to drill two wells in 2026 and could earn up to a 70% working interest in a project estimated to hold as much as 13 billion barrels.
Halliburton adds some heavy machinery
The company also said it has teamed up with Halliburton for consulting, drilling, and logistical support. That’s not just a nice-to-have cameo. In frontier energy projects, having a giant oilfield-services partner is basically the difference between “cool idea” and “we might actually get this thing done.”
- Greenland Energy is targeting Greenland’s Jameson Land Basin
- The company says it controls licenses across more than 2 million acres
- It’s framing the project around energy security and reduced reliance on overseas supplies
Why investors are watching
This is still very much a high-risk, high-drama exploration bet. The basin estimate is eye-catching, but you’re not booking revenue off geology tweets. What matters now is whether the company can turn the Arctic storyline into actual drilling progress, because that’s when the market stops daydreaming and starts doing math.
Big picture
Greenland Energy is selling a frontier-energy lottery ticket with a serious geopolitical subplot. If the wells go well, the upside could be huge; if they don’t, this is just another expensive reminder that “potential” is not the same thing as production.