Greenland Energy (GLND) Investor presentation summary

Strategic basin opportunity and resource potential

• Holds exclusive rights to 2.1 million acres in the Jameson Land Basin under three licenses, covering the entire basin position.

• Independent engineering estimates up to 13.0 billion barrels of gross un-risked 3U prospective recoverable oil, making it one of the largest undeveloped Arctic energy basins.

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

• 58 identified prospective drill sites and 1,800 km of 2D seismic coverage.

• Earn-in structure allows up to 70% basin interest upon completion of two wells, with favorable farm-out and royalty terms.

Execution plan and near-term milestones

• Raised approximately $80 million in the past 12 months, fully funding Phase I exploration, including $40 million for Well 1 and $20 million for Well 2.

• Heavy equipment mobilized by barge in October 2025; logistical planning and procurement of long-lead items underway.

• Drilling of OPW1 targeted for Q4 2026 and OPW6 for Q1 2027, with infrastructure mobilization and road construction planned.

• Partnerships with Halliburton, IPT, and Stampede Drilling for engineering and drilling operations.

• No debt and $81 million gross capital raised, including SPAC trust proceeds and a recent $70 million offering.

Geological validation and exploration upside

• Basin features surface oil and gas seepages, extensive historical seismic coverage, and a genetic match to North Sea oil systems.

• Modern seismic reprocessing has improved structural definition and resource confidence.

• Direct hydrocarbon observations and biomarker analysis show similarity to Mid-Norway oil systems.

• Decades of basin validation by ARCO and ENI, with infrastructure such as the Constable Point Airfield still active.

• Results from OPW1 and OPW6 expected to expand resource understanding and validate commercial potential.