Greenland Energy (GLND) investor relations material

Strategic opportunity and basin overview

• Jameson Land Basin in East Greenland holds up to 13.0 billion barrels of gross un-risked 3U prospective recoverable oil, based on independent estimates.

• Three exclusive licenses cover approximately 2.1 million acres, with 58 identified prospective drill sites and about 1,800 km of 2D seismic coverage.

• Over $275 million has been historically invested in exploration, infrastructure, and logistics, adjusted for today's dollars.

• The basin is considered one of the last large-scale frontier hydrocarbon systems with majority basin license exposure.

• Historical exploration by ARCO and ENI, including seismic and surface seep analysis, underpins confidence in the basin's hydrocarbon potential.

Execution plan and near-term catalysts

• Heavy equipment mobilization began in October 2025, with road and pad construction planned for Q3 2026.

• OPW-1 drilling is targeted for Q3 2026, and OPW-6 for Q4 2026, with equipment and logistics partners secured.

• Earn-in structure allows up to 70% basin interest upon completion of two wells, with $40M and $20M estimated costs for OPW-1 and OPW-6, respectively.

• Infrastructure mobilization, procurement, and field readiness are underway, with a fully funded initial exploration budget.

• Public listing on Nasdaq as GLND and $70M public offering completed to support the drilling campaign.

Technical and operational advancements

• Modern seismic reprocessing and advanced Arctic drilling capabilities have improved structural interpretation and targeting.

• Expanded Arctic shipping and logistics infrastructure enhance seasonal accessibility and operational efficiency.

• Partnerships with Halliburton, IPT, and Stampede Drilling provide proven Arctic and frontier exploration expertise.

• Modular infrastructure and remote operations are being leveraged for improved field execution.

• Defined milestones and license framework tie operational progress to basin ownership and value creation.