Greenland Energy targets OPW1 drilling Q4 2026; 13B barrel resource estimate

Greenland Energy Co

Raised ~$80M in past 12 months, fully funding Phase I drilling; est. costs $40M for Well 1, $20M for Well 2.
OPW1 drilling targeted Q4 2026; OPW6 in Q1 2027; heavy equipment mobilized Oct 2025.
Independent estimate (Sproule-ERCE) of up to 13.0 billion barrels gross un-risked 3U prospective recoverable oil.
70% earn-in interest in Jameson Land licenses (2.1M acres) upon completion of two wells.
Capital structure: ~43.7M shares O/S, 17.5M warrants at $5.00, zero debt; insider ownership ~24.9%.

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