Arctic Oil Rush: Greenland Energy Targets 13 Billion Barrels In High-Stakes Basin Play
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Greenland Energy (GLND) is targeting 13 billion barrels of oil in the Jameson Land Basin, with plans to drill two wells in 2026. The company has partnered with Halliburton for support in its Arctic exploration strategy, driven by global energy security concerns. Despite a 74.15% decline in stock performance over the past year, shares rose 1.19% to $3.40 in premarket trading. Key resistance is at $6.50, while support is at $3.00. Greenland Energy holds exclusive licenses for over 2 million acres in Greenland, focusing on hydrocarbon potential.
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