鹈鹕收购将与格陵兰勘探公司合并，创建格陵兰能源公司以“GLND”交易;预计2025年第四季度结束

• Ticker GLND Reserved (Pelican currently trades under PELI on NASDAQ)
• $215 Million Implied Valuation for up to 70% ownership.
• Closing Expected 4th Quarter.
  
  
  
   

NEW YORK, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ:PELI) ("Pelican"), a publicly listed special purpose acquisition company, today announced the signing of a definitive Agreement and Plan of Merger with Greenland Exploration Limited ("Greenland Exploration") and March GL Company ("March GL"). Upon the closing of the transaction, the combined company will operate under the name Greenland Energy Company and is expected to be listed on the NASDAQ Stock Market under the ticker symbol "GLND."

The Jameson Land Basin in East Greenland has been the focus of extensive exploration and research for decades. ARCO, shortly after its discovery of the giant Prudhoe Bay oil field in Alaska, invested the equivalent of more than $275 million in today's dollars to evaluate the Jameson Land Basin. Their work included detailed field mapping and sampling programs, as well as the acquisition of approximately 1,800 km of 2D seismic data. ARCO also constructed the Constable Point Airfield, which remains a key piece of infrastructure in the region.

These early efforts indicated that the Jameson Land Basin has significant potential as a hydrocarbon basin. Internal ARCO reports and subsequent independent studies pointed to substantial oil potential, with recoverable resources estimated in the multi-billion-barrel range. Despite this, Jameson remained undrilled due to corporate and macroeconomic conditions of the time, leaving its prospectivity intact.

March GL has now built on this foundation, reprocessing the legacy seismic data with modern technology. This work has identified over 50 distinct oil and gas targets, many with clear structural and stratigraphic trapping potential. Leveraging both the existing infrastructure and the historic investment by ARCO, March GL is positioned to accelerate drilling of the basin's first well and unlock its long-recognized potential.