Pelican Acquisition (NASDAQ: PELI) partner Greenland Energy’s incoming CEO Robert Price said global energy markets may be underestimating structural risks to oil supply, citing geopolitical chokepoints such as the Strait of Hormuz and declining long-term investment in conventional production. In an exclusive interview with Benzinga, Price emphasized that frontier exploration efforts, including the company’s work in Greenland’s Jameson Land Basin, are aimed at addressing future supply constraints rather than short-term price movements, arguing that long-cycle conventional resources will remain essential to maintaining global energy security.
Credit: EXCLUSIVE: We’re Not Drilling For $60 Oil — We’re Drilling For Next Supply Shock, Energy CEO Says by Surbhi Jain, Benzinga.
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About Greenland Exploration Limited
Greenland Exploration Limited is a Texas-based entity focused on developing strategic positions in North American energy assets. Through its partnerships, Greenland aims to deliver long-term shareholder value in a dynamic and evolving energy market. https://www.linkedin.com/company/greenland-energy-company
About March GL Company
March GL Company, a privately-owned Texas Corporation, entered into an agreement with 80 Mile for drilling to commence at the Jameson oil and gas basin in Greenland. March GL will fund 100% of the costs associated with up to two exploration wells, which are designed to delineate the sedimentary structure and energy potential of the Jameson Land Basin. In return, March GL will earn through 80 Mile’s subsidiary company up to 70% interest in the entire basin. March GL Company will be appointed as the Field Operations Manager.
More information is available on its website www.MarchGL.com
About Pelican Acquisition Corporation
Pelican Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Pelican is not limited to any particular industry or geographic region in identifying prospective targets.
NOTE TO INVESTORS: The latest news and updates relating to PELI are available in the company’s newsroom at http://ibn.fm/PELI
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