secwatch.observer — SEC 8-K summary
======================================

Issuer:     Greenland Energy Co (GLND)
CIK:        0002093507
Form:       8-K
Filed at:   2026-06-23T20:15:53+00:00
Accession:  0001829126-26-006766
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2093507/000182912626006766/0001829126-26-006766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2093507/000182912626006766/greenlandenergy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-006766

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer